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  1. PBOC chief sees room for rate rises but points to constraints

    Posted Mar 07th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing People's Bank of China governor Zhou Xiaochuan said yesterday there was scope for further interest-rate rises on the mainland but conceded domestic and international factors would be taken into consideration. 'There's certainly room for an interest-rate increase,' Mr Zhou told a press conference at the National People's Congress ...

  2. Beijing says rail projects could create 6m jobs

    Posted Nov 28th 2008, 12:00am by Martin Zhou

    ... Bonds may finance building boom A planned 700 billion yuan (HK$794.7 billion) railway construction boom next year could create 6 million jobs, senior mainland railway officials said yesterday. Beijing is contemplating raising 100 billion yuan through spec ...

  3. Bank of Shanghai cleared to appoint new chief

    Posted Oct 30th 2008, 12:00am by Martin Zhou

    ... Martin Zhou in Shanghai Bank of Shanghai, the second-biggest city commercial bank that is partly owned by HSBC Holdings, has the municipal government's approval for the appointment of a new governor, ending a management reshuffle that has lasted for months, sources said. However, the lender's planned share offering, which has been expected to follow the reshuffle, has ...

  4. Beijing orders checks on forex risk exposure

    Posted Oct 25th 2008, 12:00am by Martin Zhou

    ... Martin Zhou and Daniel Ren in Shanghai Beijing has asked financial institutions to submit monthly reports on their foreign currency assets and liabilities, reflecting growing concern about risk exposure to the global financial fallout. The new policy applies to both domestic and overseas institutions, including banks, brokerages and insurers. The required information will have ...

  5. Former Wumart chairman jailed 18 years for bribery and fraud

    Posted Oct 18th 2008, 12:00am by Martin Zhou

    ... Martin Zhou in Shanghai Zhang Wenzhong, the founder of the Hong Kong-listed Wumart Stores, a mainland retail giant, has been sentenced to 18 years in jail after being convicted of misappropriation, bribery and fraud, state media said. A source informed about the matter was quoted as saying the alleged bribes amounted to 'millions of yuan' but gave no further details. ...

  6. Tibet clouds Olympic torch's relay route

    Posted Jun 17th 2008, 12:00am by Martin Zhou

    ... Woods Lee and Martin Zhou in Beijing Olympic torch relay organisers played hide-and-seek with the event's itinerary yesterday, with big questions hanging over when and where the Olympic flame will travel in the coming week. The Beijing Organising Committee for the Olympic Games (Bocog) abruptly announced on Sunday that after the Chongqing stage had ended yesterday ...

  7. Warm welcome for Taiwanese delegation

    Posted Aug 07th 2008, 12:00am by Martin Zhou

    ... Martin Zhou The delegation from Taiwan checked in at the Olympic Village yesterday, with a symbolic flag-raising ceremony that marked the beginning of their first Games effort on Chinese soil. The Chinese Taipei Olympic flag, which displays the emblem of the National Chinese Taipei Olympic Committee on a white background, was hoisted to the tune of San Min Chu-i or Three ...

  8. 'We will not make details of the prize scheme public until after the Games'

    Posted Aug 12th 2008, 12:00am by Martin Zhou

    ... Athletes are not only after glory and medals but a huge cash windfall and job security, writes MARTIN ZHOU When Guo Wenjun stood on the podium after winning the 25-metre air pistol on Sunday, memories of harder times can't have been far from her thoughts. Five years ago, the 24-year-old failed to even make it into the first-team squad for her city, Xian, signalling what ...

  9. No 5: Yang Wei

    Posted Aug 04th 2008, 12:00am by Martin Zhou

    ... Martin Zhou Name: Yang Wei Date of birth: February 8, 1980, Xiantao, Hubei province Olympic entry: men's gymnastics Career highlights: Olympic gold in men's gymnastics team competition and silver in men's individual all-round event at Sydney 2000?z?o For the Chinese gymnastics team, the Beijing Olympics offer an opportunity to make amends for their misery four years ...

  10. About-face has crowd scratching their heads

    Posted May 24th 2008, 12:00am by Martin Zhou

    ... Martin Zhou in Beijing A baffling change of heart from officials was the highlight of the day for Chinese hurdlers at the Olympic test event at the Bird's Nest yesterday. Referees overturned Huang Xiaoxiao's 54.50 second victory in the women's 400-metre race, only to reverse the decision an hour later without explanation. 'I was told I fouled on my skipping ...




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