Archive for November, 2009
PCD Stores To Launch IPO In Hong Kong
November 30th, 2009 | 
Author: Luxury department store chain PCD Stores Group is reported to have passed the public hearing of Hong Kong Exchanges and Clearing and will launch its IPO soon.
Founded in 1996, PCD Stores is 71.56% owned by the brothers Alfred Chen Qitai and Edward Chen Hanjie, who are major shareholders of the French apparel brand Ports International [...]
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Vehicle Sales Tax Breaks to Continue Next Year
Nov. 30 – Vehicle sales tax breaks and rebates for fuel-efficient vehicles are set to be extended to next year ensuring the continued strength of the Chinese automobile market.
The preferential tax policy was intended to be applicable only until the end of this year when vehicle purchase taxes were slashed by half for vehicles with [...]
First Interbank Clearing House Set in Shanghai
SHANGHAI, Nov. 30 – The country’s first interbank clearing house was launched in Shanghai on Saturday cementing government goals to make the city an international financial hub.
The interbank market with a registered capital of RMB300 million will comprise of banks, securities firms, and asset management companies which trade currency derivatives, bonds and commercial bills and [...]
SAT Clarifies Income Tax Levy for Subleasing Property
Nov. 30 – China’s State Administration of Taxation has released a circular clarifying issues on individual income tax levy for individuals subleasing property.
The circular highlights the following issues on individual income tax for rental incomes from individuals subleasing property as follows:
1. The rental income from an individual subleasing leased property is classified as [...]
Gov’t to find land for building cheap housing units: Wu
(ChinaPost.com.tw) – Premier Wu Den-yih said yesterday that the government is mulling requisitioning land lots along the mass rapid transit (MRT) systems and rezoning land plots for the construction of housing units that can be sold or rented to local people at reasonable prices.
ANTI-FLU SHOTS FOR ALL
(ChinaPost.com.tw) – The Department of Health (DOH) announced yesterday a nationwide campaign to give A(H1N1) flu vaccination to all people willing to take the shots beginning in 10 days.
Freer trade viewed as economic remedy at WTO talks
(ChinaPost.com.tw) – Freer trade can help create jobs and support economic growth, and tariff-cutting accords should not be scaled back on account of the global downturn, top U.S. and other officials said on Monday.
Nazi guard Demjanjuk’s trial starts in Munich
(ChinaPost.com.tw) – John Demjanjuk was brought by ambulance to a Munich court on Monday to face charges of being an accessory to the murder of 27,900 Jews at a Nazi death camp, opening the final chapter of some 30 years of efforts to prosecute the retired Ohio autoworker.
China Enterprises Index jumped 4.07%
The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange gained 508.20 points, or 4. 07 percent, to close at 12,980.33 on Monday.
Somali pirates hijack oil tanker
The MV Sirius Star was hijacked by Somali pirates a year ago. Photograph: Fred Vloo/AP Somali pirates have seized a supertanker carrying crude oil from Saudi Arabia to the US.