China’s Lisi Group Opens Seventh Department Store In Zhenjian

Zhejiang Lisi Group has opened a new department store in Zhenjian, Lisi Zhenhai Department Store, which is the group’s seventh self-constructed chain department store following ones in Yinzhou, Tonglu, Haiyan, and Jishigang.
With a total investment of CNY400 million, this new Lisi Zhenhai Department Store has a construction area of over 60,000 square meters, making it [...]

Illegal Use of Company Chops Seemingly Endorsed in Beijing Court Ruling

Mar. 10 – A court in Beijing has awarded an employee of a foreign-invested advertising company RMB400,000 for wrongful dismissal after the employee was fired when she established a trade union using the company’s chop without permission, China National Radio reported on Tuesday.
The former human resources manager at R&D Advertising in Beijing, identified as Ms. [...]

New Board to Bring Major Multinational Firms to Mainland Soon

Mar. 10 – The Shanghai Stock Exchange completed draft listing and trading rules of its international board which will allow overseas companies to float shares in China’s A-share market, SSE Chairman Geng Liang said on Monday.
The draft rules are completed, but they are still working on the details, and the revised rules will be available [...]

Financial regulator to demand transparency in house prices

(ChinaPost.com.tw) – The chairman of the Financial Supervisory Commission (FSC) said Wednesday that his agency plans to ask banks to improve the transparency of information disclosed relating to real estate prices, as part of efforts to curb housing prices.

CEPD chief favors partial credit controls to curb housing fever

(ChinaPost.com.tw) – The chairman of the Cabinet-level Council for Economic Planning and Development (CEPD) said Wednesday that he favors tightening credit controls conditionally to curb soaring housing prices, but added that he does not agree with raising bank interest rates to serve that end.

Leibovitz turns to private equity to save photos

(ChinaPost.com.tw) – U.S. photography icon Annie Leibovitz has turned to a private equity firm for loans to help deal with huge debts which had put her at risk of losing her library of famous pictures, a paper reported Tuesday.

Deutsche Post Q4 net loss narrows to US$385 million

(ChinaPost.com.tw) – German mail and logistics company Deutsche Post AG says its net loss for the fourth quarter narrowed to 283 million euros (US$385 million) largely because of a cost savings program.

Eurotunnel turns profit despite global crisis, fire

(ChinaPost.com.tw) – Eurotunnel, the company that manages the tunnel link between Britain and France, turned in a slight profit last year despite the effects of the global economic crisis and a fire, it said on Tuesday.

Russia’s Rosatom proposes nuclear fuel leasing

(ChinaPost.com.tw) – Russia’s state nuclear giant Rosatom on Monday proposed leasing nuclear fuel to countries that need it and then taking it back for treatment in order to avoid proliferation.

UK retail sales up 2.2 % in February: consortium

(ChinaPost.com.tw) – Retail sales in the United Kingdom rose 2.2 percent in February compared to a year earlier as better weather helped reverse a drop in sales in January, the British Retail Consortium said Tuesday.

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