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  • July 29, 2014
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  1. Campaign targets fake currency

    Posted Feb 20th 2009, 12:00am by Ivan Zhai

    ... month and is focused on counterfeiting hot spots, including Guangdong, Guangxi, Fujian, Zhejiang and another six provinces with a high proportion of fake yuan notes, the ministry said. ... late last year about the appearance of high-quality counterfeit 100-yuan notes with serial numbers beginning with HD90 and HB90. Of the provinces singled by the ministry, Guangdong is regarded ...

  2. News - China

    Cross-border licence plates go for a million yuan on black market

    Posted Dec 14th 2012, 11:00am by Amy Li

    ... Amy Li High demand for licence plates that allow vehicles to travel across the Hong Kong-mainland China border are driving prices up to as much as 1.1 million yuan in Guangdong’s black ... has to invest US$400,000 in a business entity in rural Guangdong and pay an annual tax of 1500,000 yuan (HK$184,863). Or the applicant needs to invest US$1 million in a business entity ...

  3. Swire Pacific pays 174m yuan for cold stores

    Posted Aug 07th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Swire Pacific has splashed out 173.8 million yuan (HK$213.06 million) to acquire a 60 per cent interest stake in Guangdong Swire Cold Chain Logistics from John Swire & Sons in Australia. The remaining 40 per cent will continue to be held by Guangdong Foodstuffs Import-Export (Group). Guangdong Swire will be incorporated in Swire ...

  4. Guangdong to get 40b yuan infrastructure boost

    Posted Jul 03rd 2012, 12:00am

    ... yuan (HK$48.95 billion) in financing deals with municipal governments, including those of Zhongshan and Qingyuan, and transport groups in the province. 'This will alleviate the financing ... that Nam Kwong Group had signed an agreement with the municipal government of Zhuhai to invest at least 10 billion yuan in the city, which adjoins Macau. Nam Kwong is a state-owned enterprise ...

  5. Exposure of corrupt Guangdong boss in media sends out warning

    Posted Mar 02nd 2009, 12:00am by Staff Reporter

    ... of Political and Legislative Affairs of Yunfu, Guangdong province, was sentenced to four years in jail for embezzling public money and taking more than 7 million yuan (HK$8 million) in bribes, ... mistresses and expensive clothes. Up to 2006, Wu embezzled more than 410,000 yuan from 23 lower-level city bureaus and took about 480,000 yuan in bribes to allow unlicensed projects to operate. Wu ...

  6. Guangdong town reels as HK folk flee

    Posted Jan 13th 2009, 12:00am by Staff Reporter

    ... communities have dropped from a peak of 4,000 yuan (HK$4,546) per square metre in 2007 to 3,000 yuan and below. Three-bedroom flats in some old communities are on sale for 90,000 yuan, equivalent to less than 1,000 yuan per square metre. But even then, sellers are struggling to find buyers. 'You can go to any real estate company and the price is almost the same. Some apartments ...

  7. Business - China Business - ECONOMY

    12 new free-trade zones to follow in Shanghai's footsteps

    Posted Jan 23rd 2014, 01:40am by George Chen; Denise Tsang; Daniel Ren

    ... would probably prompt the central government to make determinations on financial liberalisations, such as a convertibility of yuan under the capital account," said the Shanghai Academy ...

  8. Region on a spending spree

    Posted Nov 08th 2004, 12:00am by Staff Reporter

    ... Bureau, retail sales in the city hit 7.795 billion yuan in September alone, bringing the total for the 12 months to September to 67.694 billion yuan, a rise of 15.3 per cent year on year. Shenzhen ... recorded the highest consumption levels in the country for each of the past 21 years. 'In 2003, retail sales reached a record 558.2 billion yuan in the province,' he says, adding that he ...

  9. Rural Guangdong makes a big wager

    Posted Aug 28th 2004, 12:00am by Staff Reporter

    ... Kristine Kwok in Guangzhou Families in countryside bet 3.3b yuan on illegal Mark Six draws, survey shows Guangdong's rural residents spent 3.32 billion yuan on illicit Mark Six wagers ... on the gambling issue last December. Some 791 families, or 32.2 per cent, said they participated in the underground draw. They bet a total of 566,243 yuan, won 301,938 yuan, and lost 264,305 yuan. Based ...

  10. Shenzhen ex-mayor tried over 33m yuan graft

    Posted Apr 22nd 2011, 12:00am

    ... said Xu took 33.18 million yuan (HK$39.5 million) in bribes between 2001 and 2009, when he was chief of Shenzhen's Communist Party organisation department, deputy mayor and mayor. 'Xu took advantage of his posts and received bribes or gifts worth 33.18 million yuan to help the Shenzhen Shunjia Hi-tech Building, Yu Weiliang, former party boss of Shenzhen's Longgang ...




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