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Government Cuts Size, Price Of Low-Income Housing Property In 3rd-Round Bidding |
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Friday, 28 November 2008 |
The Ministry of Land and Resources has reduced the size and minimum bidding price of a land parcel zoned for low-priced housing in Beijing's Shunyi District that went up for auction for the third time on Thursday, reports Beijing Evening News. The property area was reduced to 30,000 square meters from...
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MOC Singles Out 10 Gaming Companies For Illegal Operation |
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Friday, 28 November 2008 |
The Ministry of Culture (MOC) has cited ten companies for illegal operation and distribution of online games, reports Xinhuanet.com quoting a MOC announcement on November 27. Three Beijing-based online game companies were fined RMB 3,000 each for operating games without a license, including Baiyou Huitong...
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Oak Pacific To Spend RMB 500M On Webgame Business |
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Friday, 28 November 2008 |
Beijing-based online entertainment company Oak Pacific Interactive announced on Friday it plans to invest RMB 500 million to support or acquire webgame developers and obtain webgame licenses in a recently-begun strategy it has named its "V Plan," reports qq.com. Oak Pacific is negotiating with several...
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Government Considering Tax Rebates For Housing Purchases |
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Friday, 28 November 2008 |
The Ministry of Housing and Urban-Rural Development is considering a nationwide tax rebate for housing purchases, reports Oriental Morning Post quoting Ministry policy research center vice director Qin Hong.
The Shanghai government offered income tax rebates to families who purchased apartments that...
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TMG's Yesky.com And Zhubajie.com Win RMB 300,000 Subsidy |
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Friday, 28 November 2008 |
The Chongqing municipal government has allocated subsidies of RMB 300,000 to IT website operator Tianji Media Group's (TMG) web portal Yesky.com and Chongqing-based task trading site Zhubajie.com.cn, reports Chongqing Morning Post.
Chongqing's e-commerce subsidies are expected to reach RMB 1.2 million...
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RBS says govt to take 57.9 percent stake |
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Friday, 28 November 2008 |
BRITISH lender Royal Bank of Scotland said the government will take a 57.9 percent stake in the group after investors took up just 0.24 percent of the shares offered in its state-backed capital raising.
Existing...
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China Sunergy Breaks Ground On 400MW Shanghai Base |
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Friday, 28 November 2008 |
Nanjing-based solar cell manufacturer China Sunergy (Nasdaq: CSUN) broke ground on its Shanghai research, development and production base in Songjiang Industrial Park on Friday. Sunergy said it is targeting production capacity of 400MW for the base that will focus on N-type solar cells. Last December,...
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Stocks fall today, but end month higher |
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Friday, 28 November 2008 |
SHANGHAI'S key index dropped today and closed below 1,900 points to end the last trading day of November.
The benchmark Shanghai Composite Index lost 2.44 percent, or 46.70 points, to close at 1,871.16 points....
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India opens weakly lower after closure |
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Friday, 28 November 2008 |
Indian shares opened lower as trading resumed for the first time since the terrorist attacks on the financial capital Mumbai that left more than 100 people dead
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China business confidence index hits lowest level |
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Friday, 28 November 2008 |
THE faltering global economic outlook sent business confidence in China to its lowest level in the survey's history, according to a Xinhua Finance Ltd report today.
The sentiment index for current business conditions...
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Friday, 28 November 2008 |
I have just returned from two weeks in New York, visiting with hedge funds and mutual funds and watching the American television media display incredible ignorance about the effect of the global financial meltdown on China. It is true that China's exports are being hit hard. It is also true that many...
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Ferry Network To Begin Unlimited CB Of "MayPan" |
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Friday, 28 November 2008 |
Hangzhou-based online game company Ferry Network plans to start unlimited closed beta testing of its licensed Q-style casual game "MayPan" on December 18 and will not delete gamer accounts after testing. Ferry Network plans to add more content to the game during testing. MayPan entered closed beta on...
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