US 3G Group Enters Qingdao (2008-01-02)

A memo of strategic cooperation was signed between US 3G Group and Hiking Group for establishing a joint-venture investment company oriented toward small and medium-sized enterprise investment (SMEs) in China. US 3G Group, an internationally recognized strategic management and private placement investment group, recently entered the China market by acquiring Qingdao China Partners Investment Advisory Co., Ltd. Moreover, US 3G Group China Company formally started business in Qingdao Software Park. A Company principal said choosing Qingdao Software Park as its China headquarters was an attempt to get closer to a large number of Qingdao high-tech enterprises and provide them with flexible and time-efficient service.

Hana Bank establishes local corporation in China (2008-01-02)

On December 27, Hana Bank held an opening ceremony for Hana Bank China Co., Ltd., its local China corporation, in Beijing to regularly develop business for local clients in China. The registered capital of Hana Bank China Co., Ltd. amounted to RMB2 billion. At present, Hana Bank has seven branches in China, including a newly established Beijing Branch, business department head office, Shanghai, Shenyang, Qingdao and Yantai branches that have undergone system transformation, and a Qingdao Chengyang Branch. Hana Bank is planning to add branches in Harbin, Tianjin, Dalian, and other cities by 2012.

German Linde Group Expected to Invest in Wuhan New Chemical Industry City (2008-12-29)

Recently, German Linde Group, a World Top 500 company and the world's largest industrial gas manufacturer, has planed to invest in an integrated gas project in Wuhan New Chemical Industry City. Linde Group has planed an integrated industrial gas center—an advanced utility project in Wuhan New Chemical Industry City, which is expected to provide economical, reliable and secure gas services for enterprises in the city.

Large-scale Shipbuilding Project with Total Investment Near USD100m Settled in Zhao'an (2008-12-29)

News from Fujian Provincial Department of Foreign Economic and Trade revealed that a large-scale shipbuilding project with total investment near USD100m settled in Zhao'an County, Zhangzhou City, Fujian Province. This is the largest port project ever in Zhao'an County. Singapore Hongying Group offered a total investment of USD 99.8m. With about 700m of shoreline and 100 mu of land, it will mainly be used for shipbuilding, oil drilling platform production, and wharf construction.

Siemens EUR 420 million contract for Shanghai and Guangzhou subways (2008-12-29)

German Siemens Limited (hereinafter referred to as Siemens), the Global electrical and electronic giant, has recently obtained an order of EUR 421 million on the subways of Shanghai and Guangzhou in succession，hence further consolidating its competitive edges in the field of China subway vehicle.

Italian Enterprises Invest in Ski Resort in China (2008-12-27)

As reported by Il Sole 24 ORE（www.ilsole24ore.com）, Italian Leitner Group and Marzola Group are investing in a ski resort in Chongli County, Zhangjiakou. This is the first project of their planned EUR150m investment in China.

Chinese, Korean and Japanese giants to cooperate in software project (2008-12-25)

Three Asian software giants, Chinese Red Flag Software, Korean Haansoft and Japanese Miracle Linux have jointly announced today establishment of their joint venture corporation, Wuxi Asianux Corporation. The new corporation will become an international-level research and production platform for open source software (OSS). The corporation expects its sales income will exceed 10 million US dollars by 2008.

Fiat Invests EUR22m in Shanghai R&D Center (2008-12-24)

Recently, Fiat Powertrain Technologies broke ground on its Fiat Powertrain Technologies R&D Shanghai center. Its investment in the R&D center totals EUR22m. The center will be put into operation by the end of 2008 and will focus on gasoline, diesel engines and gear boxes. It is the biggest Fiat Powertrain Technologies R&D in the world.

Mizuho Bank to Settle in Wuhan Next Year (2008-12-24) Wuhan is an ideal place for financial institutions and currently the only city in middle China with foreign-invested banks, such as Industrial Bank, HSBC, and Bank of East Asia. Japanese Mizuho Bank also plans to settle in Wuhan next year.

First Sino-France Joint Insurance Company Qualifies for QDII (2008-12-24)

 AXA-Minmetals Assurance Co., Ltd., the first Sino-France joint insurance company, announced its QDII (qualified domestic institutional investors) approval by the CIRC. It can now invest in HK H stocks and red chip stocks.

Fortune 500 Enterprise Staples Landed Shenzhen (2008-12-21)

Fortune 500 company Staples officially announced it is coming to Shenzhen. The US based company, founded in 1986, is the largest global office supply retailer and distributor. It has over 1780 office supply supermarkets and distribution centers. It provides services to a variety of customers ranging from individuals to Fortune 500 enterprises through retail stores, direct mail, online sales, and subscriptions. Staples formally became the sole office furniture supplier for the 2008 Beijing Olympic Games in March 2007.

Dow Chemical and Shenhua to Cooperate on USD5b Coal Processing Project (2008-12-21)

Andrew Liveris, President and CEO of Dow Chemical Company, revealed that their cooperation with Shenhua Group could be the largest project ever among all foreign investors in China.

 In May this year, Dow and Shenhua Group, the largest Chinese coal enterprise, signed a cooperation agreement and announced plans to conduct deep-dive study on the feasibility of jointly establishing a world-class coal chemical processing base in Shaanxi Province.

Shanghai and Dubai Cooperate on Trade Platform (2008-12-20)

Shanghaimart, the largest professional exhibition and trade market in Asia, and Tejari, the largest e-commerce website in Middle East, decided in Shanghai to jointly set up a B2B commercial and trade platform integrating virtual and actual content. The Shanghaimart/Tejari internet transaction platform will facilitate China and Middle East communication on trade expansion. It will be put into operation shortly.

World's Largest Real Estate Service Provider Enters Wuhan (2008-12-20)

CB Richard Ellis, the well-known international real estate service provider, announced plans to establish a branch company in Wuhan to further expand business operations in the Chinese market. He is attracted to high-grade property in Wuhan.

German Stihl Company Invests in Shandong (2008-12-20)

The capital for Andreas Stihl Powertools (Qingdao) Ltd. in Qingdao export process zone was put in position with total investment of USD69.79m and registered capital of USD30.34m. This company, solely invested by Stihl Group, the world's largest gasoline powered saw producer, is mainly engaged in garden machinery, exporting to Europe.

Both China and France encourage cooperation between small and medium-sized enterprises (2008-12-19)

The 2nd Sino-Europe Industrial Business Convention (Convention d`affaires industrielles China Europa) was held in Havre, France and lasted 3 days. French media reported the annual Sino-Europe Industrial Business Convention anticipated convenient and regular trade and economic dialogue between China and Europe.

Brazilian media: Brazil plans to cooperate with China Minmetals Group to build a factory (2008-12-19)

Brazil's largest newspaper reported on 17 December that Brazilian Cosipar Group was negotiating with China Minmetals Group to set up a large joint venture, which would include a steel, coke metallurgy factory and a port located in Parla State, in North Brazil. The planned investment is said to be between USD1.5 and 2 billion.

Global Software Giant Oracle Comes to Jinan of Shandong Province (2008-12-18)

The world's largest software supplier Oracle Company set up in Jinan.

DHL Successfully Acquires Excel-Sinotrans Freight Forwarding Ltd Realizing Wholly-invested Supplier Chain in China (2008-12-18)

Recently, DHL, the global express and logistics company, achieved agreement with Sinotrans Air Transportation Development Ltd. Based on this agreement, DHL parent company DPWN will buy the remaining 50% equity of Chinese JV Excel-Sinotrans Freight Forwarding Co., Ltd. to successfully acquire Excel-Sinotrans Freight Forwarding Ltd. By this move they can realize wholly-invested supplier chain business in China. In Nov., DHL invested USD175m in Shanghai Pudong International Airport to establish a hub in Northern Asia. It's the largest single investment project so far.

Bayer to Apply Innovative Technology in Chinese Market (2008-12-18)

German enterprise Bayer Group, which received the global 'Low Carbon Leaders Award,' made a decision to increase investment in China to promote ''Bayer climate change'' in order to adapt to Chinese energy saving and emission reduction development targets. In order to meet the strong growth of TDI demand internationally and in Asian & Pacific area, Bayer Material Science Group has planned to raise TDI production capacity in Shanghai integrated base from 160m tons to 300m tons.

Fiat Set Up R&D Center in Shanghai (2008-12-17)

Sources from Italian ANSA agency, said Fiat Powertrain Technologies Holding Co. held a ground breaking ceremony for Fiat Powertrain Technologies Shanghai R&D Center in Shanghai. The total investment in the R&D center was EUR22m. This center will be officially put into operation by the end of 2008. By then over 100 engineers and senior technicians will be hired to ensure an efficient operation of the R&D center.

Mittal Steel Merged Chinese Steel Company (2008-12-17)

As reported by Pakistan's DAWN on 14th, the world's largest steel manufacturer, Mittal Steel, announced that they agreed to merge China Oriental Steel Company, in order to further expand the largest steel market across the world on Thursday. Declarations of both companies have revealed that this merger would let Mittal Steel raise its shares in this HK listed company from 28.02% to 73.13%. The entire merger will cost about USD1b.

Goldman Sachs Attaches Importance to China While Marching into Asian Real Estate Market (2007-12-17)

As reported by Financial Times（www.ftchinese.com）on 10th, recently Goldman Sachs completed fund raising of USD2b for real estate investment in Asia. This move is likely to accelerate competition for assets from rapid growing markets such as China and India.

On Semiconductor Sets Up its Second Global Laboratory in Shanghai (2007-12-14)

Recently On Semiconductor, the global power management and circuit protecting conductor solution provider, set up a new application testing laboratory for circuit protection. This was the first testing laboratory of On Semiconductor outside of US of the same kind.

Honda Motor Plans to Invest USD271m to Increase Engine Production Capacity in China (2007-12-14)

As reported by Japanese economic news, the second largest Japanese automaker Honda Motor had planned to invest JPY30b (USD271m) to establish an engine plant with annual production capacity of RMB200,000 in Guangzhou to expand its engine production capacity by 40%.

German Lufthansa to Add Two Destinations in China in 2008 (2007-12-14)

As reported by the website of German Frankfurt Allgeimeine Zeitung（www.faz.net) on Dec.11, German Lufthansa announced they would add new flights to two cities in China, namely Nanjing and Shenyang, in order to expand their flight network in Asia. Lufthansa hopes to promote its competitiveness in the Asian market through this opportunity.

Singapore United Overseas Banks Revealed to Set Up Branch in China (2007-12-14)

United Overseas Banks, the second largest Singapore bank revealed on Dec.12 that they would set up a branch in China with registered capital of RMB3b (about USD406.7m). As indicated by the bank, they had been approved by CBRC to run a local corporate bank in China.

Prologis Estimated to Increase USD1.2b Investment Annually in China in next Three to Five Years (2007-12-13)

Prologis, the world's largest logistic distribution facility developer and provider, announced on Dec.11 that they would accelerate investment in China. It was estimated that in the next three to five years they would increase investment about USD1.1b to USD1.2b annually, two times more than the original estimation.

Nokia Siemens Networks Boost Orders in China (2007-12-13)

As revealed by Nokia Siemens Networks on Nov.11, the company had acquired expansion orders for network equipment from China Hefei-Wuhan railway. So far the company hasn't disclosed the detailed value of this order, but indicated that the length of this railway was 360km and the railway would be put into operation at early of 2009.

Wal-Mart's 100th Store Approved in China (2007-12-13)

It was known from Wal-Mart China yesterday, its 100th store in China had been approved by related department. Moreover, the Wal-Mart discount store will move into China shortly.

Fortune 500 Enterprises Delphi and BASF to Settle in Wuhan Development Zone (2007-12-13)

Recently news from Wuhan Administration Commission of Economic and Technological Development District revealed that Fortune 500 enterprises BASF, ranking 81st, and Delphi, 166th, officially settled in the development zone, adding the number of Fortune 500 enterprises in this zone to 28.

First Jilin Foreign-invested Bank to Settle in Changchun Next Year (2007-12-12)

Hana Bank revealed that they had submitted application to CBRC to set up a branch in Changchun. The business will start in Jan., 2008 at the earliest. Hana Bank is a national bank running comprehensive bank businesses in South Korea and is well-known in the global financial market. After this bank setting up branch in Changchun, it'll take the lead running the Chinese currency business.

Enterprises Like Taiwan Hon Hai Were Approved to Increase Capital Reaching a Scale of USD500m (2007-12-11)

As reported by Taiwan Commercial Times, Taiwan Hon Hai Group actively expanded its business in the mainland. Yesterday seven capital incremental cases in mainland were approved by Taiwan “Investment Commission” with investment amount up to USD200m. In the mean time, fifteen manufacturers such as Compal and Changchun Petrochemical were also approved for incremental investment with total investment achieving USD350m.

HP Global Software Testing Center May Settle in Wuhan (2007-12-10)

On Dec.6, the senior management of American HP Company paid a visit to Wuhan Optical Valley. Li Deguang, general manager of HP global software service center (China), revealed that the strength of talent in Wuhan was very attractive and he would actively promote situating the center in Wuhan.

Two Taiwan-invested Insurance Companies Settle in Beijing and Shanghai (2007-12-10)

The CIRC said it approved the first mainland property insurance company of Taiwan Cathay Life Insurance Co. and Cathay Century Insurance, which is under Taiwan Cathay Financial Holdings.. In the mean time, Shin Kong Life, the first mainland JV life insurance company of Taiwan Shin Kong Life and Hainan Airlines was also approved. As the first wholly invested property insurance company, Cathay Property Insurance will settle in Shanghai. Shin Kong, the JV life insurance company will be registered in Beijing with capital of RMB800m.

IBK Set Up Branch in Suzhou (2007-12-10)

 As reported by YonhapNews World Service, South Korean IBK set up a branch in Suzhou city and started business. Suzhou branch is the fifth IBK branch in China and will provide financial services to over 2500 South Korean enterprises in Jiangsu Province and Shanghai. IBK also plans to set up two to three branches in Beijing and other cities.

Microsoft Asia & Pacific Center Shifted to China (2007-12-10)

On Dec.6, Microsoft company announces in Shanghai that they will upgrade the headquarter of “Microsoft Great China Global Technical Support Center” in Shanghai into “Microsoft Asia & Pacific Global Technical Support Center.” The Asia & Pacific IT service, which originally belonged to India, has also been moved to China.

Siemens Nokia Company Sets Up Mobile Telecom Research Center in China (2007-12-07)

As reported by German hot website（www.heise.de）on Dec.3, Siemens Nokia Company, the JV between Germany and Finland, founded the largest mobile telecom research center outside of Europe at the “Software Reform Technological Zone” of Hangzhou, China. This center plans to hire 600 employees, mainly researching and developing 3G network, WIMAX and IHSPA.

German Tognum Agreed to Found a JV with China North Industries Group (2007-12-07)

Tognum, the German diesel engine manufacturer, declared on Dec.15 that they had agreed to found a high performance engine assembly JV with China North Industries Group.

WMMP Joins with Holland Company to Strengthen Leading Position of Shipping Equipment (2007-12-06)

On Dec.1, Wuhan Bloksma Heat Exchanger Ltd. was founded. This company is jointly funded by Wuhan Marine Machinery Plant Co., Ltd. and Holland Bloksma Company. The annual production value is estimated at between RMB80m and RMB100m with 70% of products sold to the international market.

Singapore Direct Selling Company Enters Chinese Direct Selling Market (2007-12-06)

Recently, Best World International Group, the only one listed direct selling company in Singapore, signed an agreement with Nanjing Joymain Science & Technology Development Ltd. to become the first foreign company in Asia with rights to engage in direct sales in China.

Daimler Group Plans to Establish a JV with Chinese Beiqi Foton (2007-12-06)

As reported by German website（www.boerse-online.de） on Dec.3, Daimler Group has changed the plan of directly taking shares of Beiqi Foton and prepared to establish a new JV to produce cheap mediate and heavy truck in order to expand markets in China and other developing countries.

HK National Electronics & Watch Co., Ltd. Settled in Nanning Economic Development Zone with Total Investment of HKD630m (2007-12-05)

On Dec.2, Zhong Ba Watch and Electronics project of HK National Electronics & Watch (Group) Ltd. broke ground at Yinkai Industrial Zone of Guangxi Nanning National Economic and Technological Development Area, with total investment of HKD630m and annual production value of HKD700m.

South Korean EXAX Company Invests RMB30m to Settle in Sichuan Mianyang Economic Development Zone (2007-12-05)

Recently, South Korean EXAX Company finalized industrial and commercial registration of Mianyang ACES Company and officially settled in Mianyang Economic Development Zone. Investment in the fixed assets of the first phase of planned plasma display panel special chemical project is RMB30m. It's estimated to produce 50,000 tons of special chemical for plasma display panel every year with an annual production value worth RMB135m.

NASDAQ Sets Up Representative Office in Beijing (2007-12-05)

NASDAQ Stock Market Company officially announced the set up of its representative office in Beijing today with office site locating at China International Trade Center. The representative office in Beijing, as NASDAQ head office in China, will be led by Xu Guangxun, China chief representative of NASDAQ.

 USD46m SAIC and GM “Shake Hands” for the Eighth Time (2007-12-05)

Given good cooperation on vehicle manufacturing, sales and R&D, GM and SAIC Group will further expand their cooperation scope. Recently, GM, SAIC Group and Shanghai GM officially announced to jointly establish Shanghai OnStar Telematics Co. in Shanghai. Based on the agreement, OnStar, wholly owned subsidiary of GM, and ANJI Automotive Services, wholly subsidiary of SAIC Group respectively hold 40% shares of this new company and Shanghai GM will hold the rest 20%. The total investment of this new company is USD46m.

Italian Media Thought the Start of Three Euro Giants China Visit Was Good (2007-12-04)

As reported by Il Sole 24 ORE, Jean-Claude Trichet, President of European Central Bank, Joaquin Almunia, Commissioner of EU Economic and Monetary Affair, and Jean-Claude Juncker, Chairman of Eurogroup talked with Zhou Xiaochuan, President of the People's Bank of China. Both parties expressed hopes of jointly accelerating the adjustment of economic structure and avoiding substantial foreign exchange fluctuation to promote global trade balance. The exchange rate of Chinese RMB had an apparent rise against Euro and USD on the same day. Italian media believed this was an active signal for cooperation with EU from Chinese government.

 GM Announces 25% Growth Rate of Annual Purchasing in China During 2005 to 2010 (2007-12-04)

Bo Andersson, Vice President of General Motors Global Purchasing and Supplier Chain declared on Nov.30 that the annual purchasing growth rate of their company in China stayed at 25% between 2005 and 2010. Bo Andersson revealed that China is the fastest growing purchasing market for GM and currently they had 190 suppliers with monthly 20m pieces of parts being purchased in China for export.

Foreign Investment favors Shanghai Industrial Real Estate (2007-12-03)

A study report of Shanghai Industrial Real Estate shows that foreign capital frequently increased investment in Shanghai industrial real estate under the background of a sharp rise of industrial land prices and warehouse property rents. During June to Oct. this year, the Shanghai Industrial Zone expanded new industrial facilities to 339,000㎡.

Finland Wartsila Group Establishe a New Production Base for Diesel Engines in Wuxi (2007-12-03)

Wartsila Group, the famous Finland shipping engine producer, recently invested EUR14.2m in Wuxi, China, to establish a new production base of Diesel Engine. With this production base, it can meet increasing demand in China for shipping engines. 

French Lafarge Group to Increase Investment in China Substantially (2007-12-03)

French Lafarge Group has received a EUR407m business contract from China and said it would increase its investment by 40% in China. French Lafarge Group is one of the world building material giants with over 170 years of history after foundation. In the international building material market, cement, aggregate, concrete and plaster building materials of this group are all in the world leading place.

Software Giant Oracle Sets Up a Branch in Chongqing (2007-11-30)

Recently, Oracle, the world's largest software supplier, set up a branch in Jiefangbei. Oracle will carry out such projects as personnel training and enterprise information construction.

The Signing of China-South Korea Logistics Center (2007-11-29)

Upon the consultation and negotiation among China and South Korea parties for more than two years, China-South Korea Logistics Center has been settled. A cooperation agreement was signed among the four logistics corporations of Incheon, South Korea (including Rong Jin Corporation, Xian Guang Logistics, Gong Cheng Transportation and Korchina Logistics Center) and Qingdao Abundant Dragon Group.

China's Largest Foreign-invested Biological Pharmacy Project Settles in Shenzhen (2007-11-29)

On the morning of Nov. 26th, under the common witness of Chinese President and French President, Liu Yingli, executive vice mayor of Shenzhen Municipality and Lei Fujie, CEO of Sanofi-aventis Group, signed a Sanofi Pasteur-Shenzhen Influenza Vaccine Investment Agreement in Beijing. This is the largest foreign-invested biological pharmacy project of China so far, with initial investment reaching RMB 700m, estimated to be put into construction in 2008 and can produce seasonal influenza vaccine for Chinese market in 2012 with the output value of approx. RMB 1b.

Germany Norma (China) Group Settles in Qingdao (2007-11-29) As introduced, this is the first foreign-invested enterprise registered under “China” in Qingdao Municipality with the investment of USD 12m, and it will be accomplished and put into production in Apr. 2008. Upon the construction of the company, Qingdao will be a vital global production base and R&D center for Norma Group, who is estimating that its output value will reach USD 60m within three or five years.

Jiangsu Foreign-funded Software Industry Develops Rapidly in Past Five Years (2007-11-28)

Since 2003, Jiangsu has approved 1326 new foreign-invested software enterprises. This number is 12 times of that in the past five years. The newly approved investment was USD12.67b, 36 times, and contractual foreign capital of USD5.83b, 31 times of that in the past five years. The sales of software products were increased from RMB16.34b in 2003 to RMB679.2b in 2006. Nearly 90% of the foreign-invested software enterprises in this province were founded in the past five years. The well-known multinational companies with reputation at home and abroad such as NEC, Satyam, Intel, IBM, OBC and Huawei all settled in Jiangsu Province.

HSBC Plans to Increase Outlets from 53 to 85 in China Next Year (2007-11-28)

Richard Yorke, Chairman and President of HSBC (China) Ltd., the wholly-owned subsidiary of HK and Shanghai HSBC under HSBC Holdings, revealed on Nov. 26 that currently HSBC has 53 outlets in 16 Chinese cities and next year more would be set up in such cities as Ningbo. It was estimated that by the end of next year the number of outlets will go up to 85, covering 19 to 20 cities.

Nicolas Sarkozy Visits China: China and France Sign a Large Order Amounting to Nearly EUR20b (2007-11-28)

Just like the former President Jacques Chirac, Nicolas Sarkozy also focused on economic cooperation between China and France during this trip. Yesterday, China and France signed to a series of cooperation agreements in such fields as environmental protection, nuclear power, civil aviation and telecommunication with total amount of about EUR20b.

DHL Hub in Northern Asia Settles in Shanghai Pudong Airport (2007-11-28)

On Nov.26, the logistisc giant DHL and Shanghai Airport Group signed a formal agreement on investment of the hub of DHL in Northern Asia at Pudong International Airport. Until now the location of DHL hub in Northern Asia had not been officially disclosed. Prior to this, another express giant UPS also set up its Asian Pacific international operation center in Pudong airport. Therefore, Pudong airport becomes the first airport globally possessing two international operation centers. It was known that the DHL hub of Northern Asia would provide service to China and countries in Northern Asia. The latest strategic measure of investing USD175m will also be the largest single investment project of DHL so far.

Siemens to Build Up a “Shanghai Center” with RMB710m (2007-11-28)

Recently, Siemens and Shanghai Yangpu District signed a letter of intent for cooperation on “energy conservation project for government office building of Yangpu District”. This is the first time Siemens has established a cooperation partnership with Shanghai district government on providing innovative “green environmental protection” technology for office building of the district government. This center is located at Shanghai Yangpu District and is the East China headquarters funded by Siemens with RMB710m investment.

Currently 34 Fortune 500 Enterprises are Settled in Heilongjiang (2007-11-27)

As of now there are 44 projects of 34 "Fortune 500" enterprises such as Nestle, CocaCola and Wal-Mart having settled in Heilongjiang. Foreign-invested fields include food, circulation, processing, manufacturing and so on. Recently, the regional headquarter of British Sugar, which is under Associated British Foods plc, settled in Heilongjiang, setting a historic record of introducing regional headquarters of Fortune 500 enterprises in Heilongjiang Province.

Italian Zenit Company Settles in Suzhou Industrial Zone (2007-11-27)

Zenit Group, whose headquarters was set up in Italian Modena, established a civil and industrial pump factory in Suzhou Industrial Zone, mainly producing drainage pumps, irrigation pumps and sewage processing pumps. Gerhard Schroeder Holds Dialogue with Wenzhou Private-owned Entrepreneurs (2007-11-27)

Recently, Gerhard Schroeder, former prime minister of Germany, came all the way to Wenzhou to participate in “Fapai (China) Ten Years Vogue Ceremony” activity held by Fapai Group Corp. and addressed a speech. He also had a heated discussion with such entrepreneurs of private-owned enterprises as Peng Xing, Board Chairman of Fapai Group, Nan Cunhui, Board Chairman of CHINT, and Zheng Shengtao, Board Chairman of Shenli Group on “how to build up a global brand”.

China Norway Jointly Funds the Largest Marine Equipment Industrial Zone of Middle and Western China in Wuhan (2007-11-27)

Wuhan Marine Equipment Industrial Zone, the largest marine equipment industrial zone in middle and western China, laid foundations in Wuhan on 25th. Over 300 guests from 60 marine equipment manufacturers across the world held an opening ceremony in Wuhan Donghu High-tech Development Zone.

Lianyungang Holds Strategic Cooperation with Triastoria Group (2007-11-26)

Recently, the government of Lianyungang City and American Triastoria Group signed a framework agreement for strategic cooperation. Based on the agreement, Triastoria Group plans to invest about RMB1b in Lianyungang to establish an R&D and training center of shipbuilding and oceanography engineering, which integrates research and development, design, construction, sales and service, natural gas processing, and a petrochemical design center, etc.

Foxconn International to Invest USD500m in New Plant Construction in Huizhou (2007-11-26) Foxconn International, the mobile phone manufacturer, revealed that they would invest USD500m in Huizhou, Guangdong Province, to establish a new plant in order to expand production capacity to meet the order demand from Finland Nokia, American Motorola and other global mobile phone brands.

Taiwan Approves 5 Taiwan Enterprises to Invest in China Mainland (2007-11-26)

On Nov.21, Taiwan “Investment Commission, MOEA” approved Oriental Union Chemical Corporation (OUCC), Yieh United Steel Corporation (YUSCO), Chung-Hsin Electronic & Machinery MFG Corp. (CHEM), Cheng Shin Tire (CST), Champion Building Materials Co., Ltd. five Taiwan listed companies to invest in China mainland with total investment almost achieved USD90m.

Wuhan Dongxihu Adds an International Logistics Zone (2007-11-23)

Baowan (Wuhan) International Logistics Zone with total investment of RMB280m settled in Dongxihu District on 21st. The project covers an area of 350mu for a 104,000 ㎡ warehouse construction , estimated to be built in two years.

METRO Establishes the First Chinese Agricultural Products Production And Supply Base in Anhui (2007-11-22)

Recently, a cooperation agreement between Anhui Senmiao Group and Fortune 500 enterprise German METRO was officially approved. At the same time, American Shiyao Group Co., as entrusted by METRO Group, assigned personnel into Senmiao Group to help the group on early management and development of production procedure traceability system based on METRO requirement.

German Exhibition Companies Enhanced Exhibition Held in China (2007-11-21)

As reported by German media, recently German exhibition companies enhanced their holding of exhibitions in China. They will introduce technical know-how, distribution channels and links to exhibitors to China, and hold some key expos in China. A number of exhibition companies will set up branches in China to cooperate with Chinese parties on holding new exhibitions with quite a few of them directly transplanted from Germany to China.

Swedish Clothing Chain Stores Company H&M Has Vigorous Business Development in China (2007-11-21)

Hennes & Mauritz, Swedish clothing chain store runner, enjoyed substantial growth of sales in Asia. Apart from two proprietary stores being opened in Shanghai, the company recently set up a fourth proprietary store in HK.

Qatar Plans to Invest in Chinese Petrochemical Project (2007-11-20)

As reported by Qatar Khalig Times on Nov.18, Narsar Alay Jaida (sound), CEO of QPI recently revealed in Riyadh, the capital of Saudi Arabia that QP and China National Petroleum Corporation had achieved agreement to jointly invest in a major petrochemical plant in China.

Australian IBA Medical Company Targets Chinese Market (2007-11-19)

As attracted by the huge Chinese medical market, Australian medical company IBA Company set up an office in China to actively expand Chinese market. This company provides automatic information system on medical treatment and nurse, which can collect the data and nutritious information of the patient in a timely manner. This system can be applied to basic nurse, medical treatment and nursing home.

American Aviation Parts Giant to Invest RMB1b in Chongqing to Manufacture Engine for Airplanes (2007-11-16)

Chongqing large scale airplane manufacturing industry will be added with a "global VIP". Recently, in the economic and cooperation conference between Chongqing and Roanoke, Virginia, American aviation parts supplier revealed that they would invest RMB1b in Chongqing to manufacture large scale engine for airplane.

The Largest Japanese Investment Project in China to Be Launched in Nantong (2007-11-16)

Oji Paper Ltd., the largest Japanese-invested industrial project in China so far, acquired approval from the MOFCOM recently to officially get the business license and will hold a groundbreaking ceremony on 26th of this month. This Japanese Oji Paper integrated project is planned with total investment of USD2.7b, 90% from Japanese party and 10% from Chinese party.

As of the End of 2006, There Were 1200 Italian Enterprises in China (2007-11-16)

A study report of Italian Asia Observer has shown that by the end of 2006 there were more than 1200 Italian enterprises in China. According to this report, there are 539 manufacturers in China and 368 offices set up by these manufacturers. The data of early 2006 is 650 manufacturers, accounting for 60% of total enterprises investing in China.

Three Global Headquarters of Multinational Enterprises Have Settled in Shanghai (2007-11-15)

American Honeywell Company, one of Fortune 500 enterprises, made an announcement in Shanghai on Nov 13 that they would remove its global headquarters of electronic material department from Tuson of Arizona State to Pudong at the beginning of next year. Until now, there are altogether three global headquarters of multinational companies settled in Shanghai. Prior to this, the global headquarters of Intel channel product division and ABB robot division were removed into Shanghai.

US to Set Up Consulate-General in Wuhan Next Year as American Enterprises Raise Their Investment Interest in Wuhan (2007-11-15)

On Nov 13, Fu Ximeng, Minister of the American Embassy in China and Commercial Counsellor, revealed at the China US Business Explanatory Conference held in Wuhan that America would set up a consulate-general in Wuhan next spring. Fu Ximeng indicated that the investment interest of American enterprises in Wuhan was becoming stronger. He will lead eight or nine delegates to visit Wuhan next spring and also welcome Wuhan to invest in America.

World's Largest Steel Pipe Enterprise Successively Invested in Four Projects in Changzhou (2007-11-15)

V&M (Changzhou) Petroleum Natural Gas Exploration and Development Special Equipment Ltd. with total investment of USD60m was officially launched on 11th. By then French Vallourec Group had increased its investment to USD110m in the Changzhou High-tech Area.

First Foreign-invested Finance Company Founded in Tianjin Coastal Area (2007-11-14)

Recently, Motorola (China) Finance Ltd. was officially founded in Tianjin New Coastal Area. This is the first financial company set up by a foreign-invested company in Tianjin. Motorola (China) Finance Ltd., with registered capital of RMB100m, can provide multi services such as deposit and loan, financial leasing, financing consultation to Chinese subsidiary, JV and related company of Motorola Company.

China to Become World's Largest Purchasing Center of Nortel (2007-11-14)

Nortel, the world's best-known information telecommunications enterprise, would officially put the first global operation center of Asia in Shanghai into use and become the world's most significant purchasing center of Nortel.

Fortune 500 Enterprise: IBM Officially Carries Out Strategic Cooperation with Chongqing Company (2007-11-14)

After HP and NTT DATA, the largest Japanese software manufacturer, settled in Chongqing Xiyong Micro-electronics Park successively, today IBM, jointly held assigning ceremony on strategic cooperation with Chongqing Information Industrial Investment Service Ltd. From now on, both parties will carry out all-dimensional cooperation to promote the development of Chongqing IT industry and facilitate outsourcing service standard.

First South Korean-invested Corporate Bank Registered in China (2007-11-14)

Woori Bank (China) Ltd. held its opening ceremony in Beijing today and became the first South Korean-invested Bank to found a corporate bank in China. Based on related regulations, foreign bank must establish a local registered corporate bank before running overall RMB businesses, or it can only take fixed deposit over RMB1m from local residents.

World's Largest Commercial Real Estate Service Company Set up Branch in Qingdao (2007-11-13)

CB Richard Ellis, the world's largest commercial real estate service company, set up a branch in Qingdao. This is the thirteenth branch of CB Richard Ellis in China. This Qingdao branch of CB Richard Ellis mainly provides a series of extensive real estate businesses including office building, commercial and residential house, hotel, industry and logistics, strategy consultation and research, rental and management service.

Chinese Automobile Production and Sales Ranked the World's 2nd and 3rd in 2006 (2007-11-13)

The world automobile production volume amounted to 69.21m units, up by 4.1 year-on-year, and sales volume stood at 68.73m units, up by 3.9% in 2006. Among them, Chinese automobile production was 7.28m units and domestic sales were 7.11m units, accounting for 10.5% and 10.3% respectively of the total world volume. Chinese production volume ranked the third globally, only 4.2m units less than the No.1 Japan. Its sales ranked the second, only after America.

French Media Reveal China was the Largest Import Market for European Flax Fiber (2007-11-13)

As an article from French Textiles（www.journaldutextile.com）revealed, China has become the largest importer of European flax fiber. Currently, 80% of flax fiber produced in Europe is exported to China for processing.

Notable Brands Come to China (2007-11-13)

It was known from China Chain Store & Franchise Association, POPEYES, the world's second largest fried chicken brand, and many other well-known chain organizations, will seek allies in China. Investing in foreign franchise brands is becoming an investment hotspot in Chinese commercial field. Previously, Burger King settled in Fujian and Zhejiang, Baby One opened store in Shanghai and Disney natural canteen started a new round of business negotiation through the bridge of China Chain Store & Franchise Association.

China Russia Industrial and Commercial Summit to Sign USD3b Contract (2007-11-12)

As reported by Russian news network on Nov.6, the second China and Russia Industrial and Commercial Summit plans to sign a batch of contracts with total value of USD3b.This was revealed by Elivila Nabiulina (sound), Minister of Russian Economic Development and Trading Department, on opening of the summit. She pointed out that Russia and China would set up a China Russia Trading Chamber of Electromechanical Products within the framework of forum.

China Becomes Largest Vietnamese Veneer Importer (2007-11-12)

As reported by Vietnam trade information center online, China has become the largest veneer export country of Vietnam. This year, the veneer import of Vietnam increased sharply with total volume of USD7.2m during Jan. to Oct., up by 111%. Among them, 61% came from China totaled USD4.4m, up by 72% year-on-year.

British Retailing Group M&S Plans to Invest in Stores in China (2007-11-09)

As reported by Financial Times, the large scale British retailing Group Marks & Spencer announced recently that they would invest GBP100m in overseas market in the coming two years. Among them, the investment in China was to open two to three stores in Shanghai first in 2008 and then in Beijing market.

Over 20 Fortune 500 Enterprises to Attend European and Asian Forum (2007-11-08)

As of Nov.3, 33 multinational enterprises had been confirmed to attending European and Asian Forum this time. Among them more than 20 were Fortune 500 enterprises. It was known that the participants had almost included first-class enterprises in every area of Asia and Europe. In investment bank and fund area, senior management from Deutsche Bank, UBS and one of the world largest funds American Franklin Templeton Investments will attend this meeting; in energy area, British BP Group, Asian American Gas, Inc. will come; in cultural and media areas, American Time Warner, American News Groups will carry out in-depth discussion with related parties. According to the statistics, over 10 Fortune 500 enterprises among participants have come from America.

US Metro Bank to Set up Representative Office in Chongqing (2007-11-08)

It was announced by Chongqing Banking Regulatory Bureau that CBRC had officially approved Metro Bank to set up representative office in Chongqing. The representative office is estimated to be found in three months at the earliest. Metro Bank is the first American bank setting up representative office in Chongqing. It was also known that this was the second branch of Metro Bank after Xiamen representative office in China.

ST Semiconductor Invests USD500m in Shenzhen Plant (2007-11-08)

A good investment environment has largely increased confidence of multinational enterprises to accelerating their pace in Shenzhen. Recently, ST semiconductor, the world's fifth largest semiconductor manufacturer held a grand ceremony for laying foundation of IC packing and testing project. This is the second plant invested by ST semiconductor with USD500m since it founded STS in 1994 and made a great success. As soon as the construction complete, it will be the world's second largest packing and testing plant of ST with 40,000㎡ plant area, 5000 employees, daily chip production of 32m pieces and annual production capacity of 11b pieces.

HK Kerry Logistics Invest 50m in Chengdu logistics Center (2007-11-07)

HK EAS International Transportation Ltd., a renowned international logistical enterprise, and Chengdu Air Logistics Park signed the investment agreement of “Kerry Logistics (Chengdu) Logistics Center” project in Shuangliu on Oct.18. The total project investment in Kerry Logistics (Chengdu) Logistics Center was RMB50m, covering an area of 50mu for construction of such operation facilities as 24,000㎡ warehouse.

Multinational Companies Eye Jiangsu Water Market (2007-11-07)

The 2007 China Water Expo just closed in Suzhou. 120 Chinese and foreign enterprises joined in and quite a few multinational enterprises had shown great interests in Jiangsu water market. As introduced by an European water enterprise in the exhibition, according to a recent investigation of EU, Chinese water market had a great potential with at least EUR300b “big cake” by 2010. These enterprises were looking forward to share part of the water processing market.

Foreign Enterprises Compete for Intellectual Property Right Agency Market in Shanghai (2007-11-06)

Recently, foreign agencies of intellectual property rights from the US, Germany, Canada and Austria came to visit Shanghai Intellectual Property Right Service Center successively, with their intentions to form a partnership dedicated jointly to the intellectual property right services for Chinese enterprises.

Three Countries Carry out Cooperation on Science and Technology with Optics Valley (2007-11-06)

Technical representatives from the Romanian Department of Environment and Sustainable Development, Thailand Energy and Power Commission, and Vietnamese First Power Company respectively signed cooperation agreements with four enterprises in Optics Valley such as Huagong Electric and Wuhan Guoce on Oct. 29.

First National Foreign-invested Small-Loan Company Set up in Sichuan (2007-11-06)

After the first national bank of village and small town was settled in Nanchong, Sichuan, the first solely foreign-invested small loan company, MicroCred, was set up in Jialing District, Nanchong recently and started its business. It was known that the small loan company MicroCred was jointly invested by MicroCred S.A., IFC, KFW and AIG with HKD55m.

Fortune 500 Japanese Toshiba Settles in Xi'an (2007-11-06)

Toshiba Xing Yi Control System (Xi'an) Ltd. was officially founded. It marked the settling of Fortune 500 Toshiba Company in the ancient city Xi'an and the beginning of R&D, production and after sales service of equipment for thermal power control system. Toshiba will provide new technology to the JV to make it to be the main production base out of Japan, and try to achieve RMB330m sales volume by 2010.

Consortiums at Home and Abroad Seek Opportunities for Development in Hainan (2007-11-05)

 After Edmund Ho Hau-wah, chief executive of Macao, led over hundred Macao real estate merchants to Sanya, the south end city in Hainan island, Guo Henian, Board Chairman of HK Kerry Group and his delegate visited Hainan the next day including Sanya Haitangwan, Yangpu Bonded Port Area, Haikou West Bank, etc., formed an initial intention in establishing Shangri-la in Haikou.

Bombardier JV in China Acquires Almost USD4b Supply Contract (2007-11-05)

“Qingdao Si Fang-Bombardier-Paul Railway Transport Equipment Ltd.”, a Canadian Bombardier JV in China, acquired a USD4b contract to supply 40 high speed trains.

French Peugeot Citroen Plans to Establish Third Plant in China (2007-11-02)

PSA Peugeot-Citroen has planned to establish their third vehicle plant in China from the end of 2007 to early 2008. This new plan has already been included in the long-term plan from now to 2015 on substantial development in Chinese market of PSA Group.

China Reinsurance Group Officially Founded (2007-11-02)

With approval from the CIRC, China Reinsurance (Group) Company was entirely transformed into a holding company with national capital injection and officially founded on Oct.30. The newly founded China Reinsurance Group will rank the first in Asia and the fifth globally in the reinsurance industry with its registered capital as high as RMB36.149b.

Largest Global Environment Group Veolia Raises Investment to 2.5b in China (2007-11-02)

Henry Proglio, Board Chairman and CEO of the largest global environmental protection group Veolia Environment Group, said in Beijing yesterday that the accumulative investment of Veolia in China since 1880s had achieved USD1.5b and they would continue to increase their investment in China to reach USD2.5b in 2013.

The Fifth Largest International Base for Distribution of Emergent Rescuing Material Settled in Nanning (2007-11-01)

The United Nations Office for Project Services and Emergent Rescue Promotion Center of Chinese Ministry of Civil Affairs jointly held a promotional fair for international humanitarian emergency rescue in Guangxi Zone on Oct 30. It marks settling of the fifth largest base for distribution of international emergent rescuing material in Nanning.

Global Textiles Giant Settles in Nanjing (2007-11-01)

Recently, Hanesbrand (Nanjing) Textiles Ltd., Asia's largest textile production base for the world's biggest textiles enterprise, American Hanesbrand Inc., laid its foundation in Nanjing Economic and Technological Development Zone. The first phase investment of this project amounts to USD98m. Jin Daoqiang, vice major of Nanjing city, and Evans, CEO of American Hanesbrand Inc. attended the ceremony.

Roche Group Sets Up a Chinese Development Center for Medicine in Shanghai (2007-10-31)

Roche Group, the well-known international pharmaceutical enterprise, set up a Chinese development center of medicine in Shanghai on Oct.29. This is the second fully functional development center for therapeutic medicine in Asia Pacific area, excluding Japan.

The First R&D Company of German Medium and Small Enterprises Independently Registered Overseas Started Business in Nanjing (2007-10-31)

The R&D Center of Phoenix Contact China, the first R&D Company of German medium and small enterprises independently registered overseas, started business in Nanjing on Oct.29.

GM to Establish a Frontier Technology Research Center in Shanghai (2007-10-31)

Rick Wagner, Chairman and CEO of GM announced on Oct.29 that they would kick off a long-term plan to countermeasure the stretch challenge of energy environment. The plan includes establishing a frontier technology research center in Shanghai, and jointly set up a R&D center of vehicle energy technology along with SAIC Motor and Tsinghua University.

BNP Paribas to Accelerate Development in China (2007-10-31)

As reported by French media, Fran?ois Cristofari, President of BNP Paribas Beijing Branch, revealed to journalist from Reuters that their branch would accelerate its development in China by means of increasing employee number and expanding the JV.

Worldwide Largest Information Storage Enterprise, EMC, Settles in Wuhan (2007-10-30)

At present, EMC, one of Fortune 500 Enterprises and the leader of worldwide information storage industry, held an opening ceremony of the strategy for Central China business in Wuhan, selecting to establish its central China branch in Guanggu. In the future five years, EMC would invest USD 1m to expand its present 100 market channel distributors in Hubei, Hunan and Jiangxi provinces into 400.

The Kuwait Investment Authority (KIA) Doubled iProfits for its Investment in Industrial and Commercial Bank of China (2007-10-30)

On Oct. 28th, Torch News of Kuwait reported that KIA had doubled in profit as a result of equity participation in the Industrial and Commercial Bank of China. In 2006, KIA invested in the Industrial and Commercial Bank of China of USD 720m. Along with the rising of stock price and the expansion of business of the Industrial and Commercial Bank of China, the investment fund of Kuwait has increased to USD 1.6b at present.

Sabic Plans to Build Two Projects with Total USD 2b in China (2007-10-30)

 According to Economic Report, Sabic claimed that it was preparing to build two large petroleum projects in China, with total cost of approx. USD 2b. One of the projects located in Dalian, China, hoping to end the negotiation as soon as possible.

First Fortune 500 Enterprise Invested in Mining Development in Yunnan (2007-10-29)

Recently, Kunming Jue Ying Mining Ltd. signed a contract with South Korean Networks Co., Ltd. to officially kick off the detailed exploration and development project of Taoshuping Mine in Fuyuan County. SK Networks Co., Ltd. will be the first Fortune 500 enterprise to invest in mining development in Yunnan.

China-Costarica Economic and Trade Cooperation Forum Held in Beijing (2007-10-29)

China-Costarica Economic and Trade Cooperation Forum and Costarica Investment Environment and Export Product Promotion Meeting was held in Beijing. This activity was jointly sponsored by the CCPIT, MOFCOM, Costarica Foreign Trade Ministry and Foreign Trade Promotion Commission, and attended by Oscar Arias, President of Costa Rica, Ruiz, Minister of Foreign Trade Department, and Wan Jifei, Chairman of CCPIT.

The USD80m South Korean Industrial Park Settled in Sihong (2007-10-26)

On Oct.19, Jiangsu Shouyi South Korean Industrial park held its kick-off ceremony in Sihong Economic Development Zone.It was introduced that Jiangsu Shouyi South Korean Industrial Park was jointly invested by Yiwu Chamber of Commerce of South Korea and Yi wu Shouyi Holding Ltd. with USD80m. It's so far the largest foreign invested projects introduced in Sihong County. Currently, there are eight projects, including electronic industry and jewelry production, being introduced into the park.

African Coffee Enters Chinese Market (2007-10-26)

As reported by The Standard of Kenya, the first batch of Kenya coffee beans directly sold to China and other Asia & Pacific markets started shipping in mid September this year. The value of coffee beans totaled KES700m (about USD10.4m).

Alcatel-Lucent Held Hand with RIM to Sell Black Smart Phone (2007-10-26)

Alcatel-Lucent, the telecommunication equipment producer, and Research in Motion (RIM), the smart phone Black Berry producer, announced on Oct.23 that both of them had agreed to cooperate to sell the Black Berry in China. The company declared the type of their first smart phone sold in China through partnership that is 8700.

Carrefour Sets Up First Concept Store with Environmental Protection and Energy Conservation in Shanghai (2007-10-25)

Based on the target responsibility agreement signed by Carrefour and Municipal Economic Commission, Carrefour is required to achieve energy conservation and consumption reduction target in many aspects. Currently, Carrefour is driving technical restructuring on energy conservation at eleven stores in Shanghai and has already entrusted an energy conservation company to optimize the restructuring proposal on major energy consumption aspects such as illumination lamps, cooling machine unit, water disposal at these eleven stores. HK Actis International investment (Group) Ltd.

Settled in Chongqing High-tech Zone (2007-10-25)

Actis International Investment (Group) Development Ltd. and Shenzhen National Capital Source Holding Ltd. established a joint venture, called Chongqing Ying Lun Industrial Holding Co., Ltd., at Mars Mansion in the high-tech zone of northern Chongqing. The newly established Ying Lun Company has total investment of USD300m with USD98m initial capital in place. The business scope mainly covers industrial investment, assets operation, including food service, culture, entertainment, etc.

Italian Carraro Group Invests EUR15m in Qingdao to Set Up New Plant (2007-10-25)

A recent report revealed that Italian Carraro Group, with a reputation in the mechanical power train industry, invested EUR15m in Qingdao to set up a new plant. The three newly built production lines are mainly used to produce power train axles and equipment for agricultural tractor and land moving machine targeted at Chinese, South Korean, and Japanese markets. This group has planned to reach EUR100m production value in 2009 by its Chinese plant.

China Becomes Australia's Largest Grape Wine Importer in Asia (2007-10-25)

 Both volume and amount of Australian grape wine exported to China increased sharply last year. In June, 2007, Australian bottle wine imported by China ranked the first in Asia. By September, the total grape wine volume exported from Australia to China had reached 21m L, among which 95% was red wine worth more than RMB53m. 

Beijing Development Zone and SK Group Jointly Establishes A Cultural Innovative Industrial Park (2007-10-24)

Beijing Economic and Technological Development Zone and Fortune 500 SK China Ltd. signed a cooperation agreement on Oct. 18, to jointly establish a cultural innovative industrial park in the development zone. Developing cultural innovative industry is not only a key focus of adjusting industrial structure and transferring growth mode, but also a significant component of strengthening service industry. Beijing development zone will regard the industry as the breakthrough point in order to promote the development of productive service industry better and faster, and constantly optimize the investment environment of high end industries.

World Bank President hopes private economy become its new capital source (2007-10-23)

World Bank President Robert Zoellick said on October 18 that private economy can play an important role in promoting economic growth and reducing poverty in poor countries, and he expects in the future it will. He said that World Bank would cooperate with private economy in energy, health care, agriculture, regional development and other fields.

Asia's Largest Dredger Construction Contract Signed in Shenzhen (2007-10-23)

The Contract on building of China's first large cutter-suction dredger - “Heaven Whale” was signed on October 18 in Shenzhen. This dredger is financed by Tianjin Construction Co., Ltd. and contact to build by Heavy Industry Co., Ltd. of China Merchants. It is the largest in Asia and third largest in the world.

The First Chinese-Foreign Joint-venture Gas Station Opened in Shanghai (2007-10-22)

Total Sinochem Gas Station, the first Chinese-foreign joint-venture gas station in Shanghai, opened for business this month. As introduced, the target of Total Sinochem was to build and manage a retail network composed of 300 gas stations in Shanghai, Jiangsu and Zhejiang.

 Fortune 500 Enterprise Royal Dutch Shell Group Settled in Luzhou, Sichuan (2007-10-22)

On Oct. 16th, Shell (Sichuan Luzhou) Asphalt Co., Ltd was established. In acquiring the equity of Koch Asphalt to set up Shell (Luzhou) Asphalt Co., Ltd, Royal Dutch Shell Group, a Fortune 500 Enterprise, formally settled in Luzhou, Sichuan. Shell (Luzhou) Asphalt Co., Ltd was the only wholly owned subsidiary company of Shell Group in Southwest China.

Two American Companies Signed the Largest Software Outsourcing Project ever in China in Shenzhen (2007-10-22)

The largest single project in the history of China software outsourcing was signed in Shenzhen on Oct. 17th. Freeborders Company would assist Expedia, the world leading on-line tourism agent, to establish a technology R&D center in Shenzhen. A world leader on-line tourism, Expedia runs its business in China through investing in E-long.

The Hsu Fu Chi's First Production Base for International Limited Settled in Chengdu (2007-10-19)

On Oct. 15th, Xu Cheng, president of Dongguan Hsu Chi Food Co., Ltd under Hsu Fu Chi International Ltd, revealed that the branch in West Region would be settled in Chengdu, among its first three new branches and logistics base in expansion plan. The Hsu Fu Chi production base in Chengdu will settle in Longquan Economic Development Zone, with the investment of approx. USD 60m and the occupation of the land of more than 43,000 square meters, which is under construction now.

Denmark High-tech Innovation Center in Asia Settled in Shanghai (2007-10-17)

Denmark High-tech Innovation Center has formally settled in Shanghai, focusing on the strong industries of Denmark such as energy, environment, information technology, electronic communication and life science.

Guannan Acquires Ship-building Order worth USD 60m from Denmark (2007-10-17)

Lianyungang Guanhe Shipping Integration Co., Ltd, invested and built by Corick UK Ship Co., Ltd--a worldwide well-known shipping brokerage company in September of this year, was the first shipping brokerage outsourcing company. Recently, it acquired an order for 4 container bulk and general cargo ships from a Danish company, total value reaching USD 60.5m. The task of ship-building will completely be undertaken by Lianyungang Hengcheng Shipping Co., Ltd, located in Guanghe Lingang Industrial Zone.

South Korean Securities Company Plans to Establish a Research Center in Beijing (2007-10-17)

According to South Korean News Agency, with concerns about the China securities market, South Korean Woori Investment and Securities Co. Ltd is preparing to set up a research center in Beijing among other domestic securities companies of South Korea. This center will consist of ten Chinese analysts to analyze the enterprises and industries of China and provide rapid and exact information to the investors of South Korea.

 Largest Automobile R&D Base in Asia-pacific Area Settles in Anhui (2007-10-16)

According to the Anhui Provincial Department of Commerce, the letter of intent project of Shanghai General Motors Guangde R&D Base was formally signed recently, symbolziing the largest automobile R&D base invested in Asia settled in Guangde County, Anhui province. Shanghai General Motors R&D Base is designed to occupy the land of about 5.6 square kilometers, investment scale of RMB 1.6b.

Foreign Capital Rushes into Wuhan Real Estate Industry (2007-10-15)

Wuhan real estate industry has become a hot sector of foreign investment. In real estate industry, 17 new foreign enterprises have been established, the total new- increased investment amount was USD 385.98m, respectively increasing by 21.4% and 176.6% compared with the same period of last year. New-increased registered capital was USD 301.04m, new-increased subscribed foreign capital was USD 290.19m, increasing by 84.9% and 425.7% than the same period of last year during Jan.-Sep of this year.

Austria A-Tec Acquires China Boiler Manufacturing (2007-10-15)

Upon the acquisition of Deltak China, A-Tec ensured its growth momentum in Asian area. Turnover last year of the acquired China Boiler Manufacturing was USD 20m.

Chemical Industry Giant BASF interested in China Auto Market (2007-10-15)

On Oct. 11th, Germany chemical giant BASF declared it wants to establish a technology center for automobile related products in Shanghai. This center primarily carried out product development and the interaction of clients, aiming at global automobile manufacturers in China and China's local auto manufacturers. BASF expressed that it would quicken the development of automobile related business in China, as the corporation's second sales income source.

China Ranked Number One on the Global Foreign Capital Attraction Billboard (2007-10-12)

On Oct. 9th, Financial Daily of Chile reported that the top five countries on the billboard of countries attracting global foreign capital issued by the United Nations Conference on Trade and Development, were respectively: China, India, the United States, Russia and Brazil.

CIT Establishes its Asia-Pacific Headquarters in Shanghai (2007-10-12)

On Oct. 10th, CIT Group, a global leader in commercial and consumer finance, established its Asia-Pacific Operation Center in Shanghai. The center would provide support for Asian-Pacific clients of CIT supplier financing, and promote long-term development of CIT globe supplier financing. The establishment of this center also showed the determination of CIT to further expand its business globally.

Italy Jeweler Manfredi newly Opened Shops in Shanghai and New York (2007-10-12)

The Italian jewelry brand--Manfredi, famous for high-quality design, will set up two shops in New York, the United States and Shanghai, China, to exhibit its unique and creative jewelry design and the jewelry series called “wearable art”.

Konecrances Estimated to increase 20-30% of Sales Volume per year in China in the Future Ten Years (2007-10-12)

On Oct. 10th, He Yuanfu, president Konecranes Asia Pacific and executive director, expressed that the company would increase 30% of its sales volume in China this year on the basis of RMB 500m in 2006, and would keep yearly growth rate of 20-30% in the future ten years.

BNP Paribas Expands Asian Market (2007-10-11)

French media claimed that BNP Paribas would further expand the private banking in Asia market, especially opening up the offshore banking business in China market. 

Money Gram Opens in China Remittance Market (2007-10-11)

 PhilMilne, president of Money Gram, a global remittance giant, expressed in Shanghai that the company would adopt the strategy of entering into the market with low price to open up the international remittance market in Mainland China. He showed that the pricing principle of Money Gram in remittance fees was that it would charge lower price than main competitors in every market, and the whole pricing in some markets was even approx. 20% lower than them.

European Food Giant Settles in Wuhan (2007-10-11)

AB Tip Top Baking Co., Ltd., the first bakery established by AB Group in China, one of the largest food corporations in Europe, has formally been put into production during the National Day in Wuhan, 18,000 bread being made per hour. As introduced, AB Tip Top (Wuhan) Baking Co., Ltd. is located in the Dongxihu District, with total investment more than RMB50m.

Italian Publishing Group Mondadoria Marches into Chinese Market (2007-10-10)

According to Italy News, Mondadori Advertising under Mondadori, a famous Italian publishing group, will invest 1m Euro to establish a joint-venture company with China SEEC Media Group Limited in Beijing. The new joint-venture company will mainly run advertisements of Chinese magazines. This is also the first time for Mondadori Group in China's advertising market. The profit scale of this market in 2007 is an estimated 400m Euro.

Italian Crai Group Will Establish a Supermarket in Beijing (2007-10-10)

Crai Group, agricultural products processor and operator of supermarket logistics, has signed an agreement with Beijing Bliss Fashion in Milan to set up a joint-venture company in China, preparing to establish a supermarket mainly for the sales of Italian products prior to 2008 Olympic Games in Beijing, and then would open supermarkets in Shanghai and Tianjin. The initial-phase investment is 9m Euro.

First African Logistics Center in China Established in Tianjin (2007-10-10)

Tianjin Port GMT Africa International Logistics Terminal Center, the first African goods logistics center in China, was formally unveiled last week. This logistics center, located in Tianjin Port Free Trade Zone of northern China, occupied land of 60,000 square meters. It relies on the berths of Tianjin Port, railway dedicated line and convenient and fast expressway network, providing integrated logistics solution plan and service for the import and export of goods between China and Africa.

C-Bons Collaborates with Beiersdorf AG Enlarging China Brand Effect (2007-10-09)

Hubei C-Bons Holding (international) Limited signed a cooperation agreement with Beiersdorf AG, the latter purchasing 85% shares of C-Bons Daily Chemical. Upon the alliance between two companies, they selected Hubei as their headquarters. And it was hopeful for C-Bons Holding (International) Limited to end the situation of wandering around RMB 1b worth of sales volume for many years and enlarge the brand effect of China's hair-care products.

China and India are still the Hot Countries for International Investment (2007-10-08)

Latest investigation and research data of CNUCED revealed that China, India, and the United States will still be the hottest countries for international investment over the coming 3 years. A public-opinion poll of 200 worldwide large cross-national enterprises carried out by CNUCED revealed that more than two thirds cross-national enterprises would add the input of foreign capital from 2008 to 2009; they paid more attention to the capital input to new developing countries, especially increasing the capital input to the new developing countries in Asia. China and India are hot countries for the investment of overseas enterprises.

French Lafarge Group Accelerates Investment Pace in Sichuan (2007-09-30)

Shuang Ma Cement Manufactory of Gong County, which was invested by Lafarge Rui An Company of Lafarge Group with RMB357m on Sep. 27, officially launched the first phase of its project with annual cement production of 1m tons. Lafarge will add over RMB200m investment here to enlarge annual production scale to 2.4m tons.

Mitsubishi Heavy Industries joins Harbin Group to Win Order from China Nuclear Power Plant (2007-09-30)

As reported by Japanese Economic News on Sep. 28, Mitsubishi Heavy Industries, Ltd. will cooperate with China Harbin Group to enter Chinese market of nuclear energy equipment in full swing. The two enterprises had won an agreement of JPY60b to JPY70b and would provide such equipment as turbines to Zhejiang San Men Nuclear Power project. It was estimated that the total amount of these two agreements would exceed JPY100b (USD865m).

HK Actis International Investment (Group) Co Officially Settles in High-tech Area in Chongqing (2007-09-30)

Recently, Actis International Investment (Group) Development Ltd., another major foreign invested enterprise, and Shenzhen National Capital Source Holding Ltd. Jointly invested USD300m in establishing Chongqing Ying Lun Industrial Holding Ltd., a JV, in the Mars building in Chongqing high-tech Park. The initial capital for the newly founded Ying Lun Company was USD98m, mainly covering industrial investment, assets operation, restaurant service, cultural entertainment, etc.

Wu Steel Cooperates with Britain Maritime Giant (2007-09-29)

Wuhan Iron & Steel Corporation (Wu Steel) and Zodiac Maritime Company have formally signed a long-term COA for 10-14 years, estimating to transport 30m tons ore import for Wu Steel per year. Zodiac Maritime Company is one of the largest shipping enterprises in the world.

Marriott International Intended to Expand to 100 Hotels in China in the Next five or six years (2007-09-29)

J.W. Marriott, chairman of Marriott International—an American hotel management enterprise, said the enterprise was designed to increase the number of hotels in China from the present 25 to more than 100 in the future five or six years, in order to adapt the needs of rapidly developing tourism and commerce. He declared that the aim of the company in 2010 was to expand the number of hotels to 48; another 32 hotels were under construction.

Sichuan Province and Fortune 500 Enterprises Build Long-term Cooperation Mechanism (2007-09-28)

A strategic cooperation agreement was signed between Sichuan Provincial Government and some Fortune 500 Enterprises such as Alcatel, Siemens, A.P. Moller-Maresk Group, Bank of Tokyo-Mitsubishi UFJ and Manpower Inc. All the parties had promised to promote Sichuan to undertake international industry transfer and develop hi-tech industry jointly, and strengthen all-dimensional, wide-ranging and high-tiered strategic cooperation.

South Korea Establishes the Most Foreign Financial Institutions in China (2007-09-27)

According to Financial Supervisory Service of South Korea (FSS) on Sep. 23rd, the financial companies of South Korea had established 227 branches in 31 countries and regions by the end of Aug. of this year. More than 45 branches had been set up in China.

Japanese Enterprises Pay Great Attention to Agricultural Product Resources in Henan Province (2007-09-27)

At the 2007 China East-West Region Cooperation Investment Trading Fair, the asepsis-mushroom samples displayed by Sanming Co. Ltd attracted the merchants' attention. Sunrimex Co., Ltd is a well-known advanced processing enterprise of edible fungus in Japan. This corporation is determined to invest 1b yen in Biyang to start a production and processing project of edible fungus.

CIT Group--Foreign Capital Financial Leasing Giant Establishes its Asia-pacific Headquarters in Shanghai (2007-09-27)

At present, CIT Group, a commercial and consumer finance company of the United States, has an Asia-Pacific Operation Center in Shanghai. This center will provide support for Asian-Pacific clients of CIT supplier financing, and promote long-term development of CIT globe supplier financing. Such behavior also showed the determination of CIT to further expand its global business. As a supplier financing center of CIT continuously increased in Asia, Shanghai operation center will provide financing service for the end clients such as Ingersoll Rand, Heidelberg and Dell.

 Emirates Facambe (Sound) Group Invests in Oil Refining Project in Shenyang (2007-09-26)

Recently, Emirates Facambe Group achieved consensus with the Liaozhong People's Government of Shenyang on acquisition of an oil refining factory in Liaozhong County, and officially signed the agreement. The planned investment in the first phase and second phase of the project has exceeded USD300m. After completion of the third phase, the project will be eventually built as a world-class petrochemical industrial base.

Foxconn Adds to Investments in Wuhan (2007-09-26)

Recently, Foxconn Technological Group signed an agreement with the Administration Committee of Wuhan East Lake High-Tech Development Zone to establish LED project in Optics Valley. On the same day, Foxconn donated RMB20m to No.3 Middle School and RMB3.5m in the lighting project of the second high-tech road of the Optics Valley.

Dell Aligning with Gome to Enter Chinese Retailing Market (2007-09-26)

Dell, well known for its direct marketing mode, started to alter its mind recently and tried to cooperate with end retailing trader to expand the sales. After aligning with retailers in Japan, British and US, Dell again brought the particular reform of sales mode to China. Recently, Dell (China) formally announced to hold hand with Gome Electric in Beijing to enter in Chinese retailing market, which was the first time Dell adopted a sales mode other than direct marketing ever in China.

China Life Insurance to Cooperate with GE (2007-09-26)

On Sep. 24, China Life Insurance (Group) Co. and GE signed a MOU on strategic cooperation. Both parties will seek cooperation opportunity in such fields as financial service, investment and talents training.

Cross-national Petroleum and Chemical Companies Accelerate their “Enclosure” in China (2007-09-25)

As the Investment Forum of China Petroleum and Chemical Industry convened in Shanghai, experts expressed that cross-national petroleum and chemical companies have carried out large-scale investment layout in China. The consulting director of China BHI.com expressed that the large foreign petroleum and chemical companies listed in Fortune 500 Enterprises had been entered into China. By the end of 2005, their total investment amount in China had exceeded USD 10b.

Annual Purchase for Multi-million RMB Disney in Shenzhen (2007-09-24)

Zhuo Qin, vice major of Shenzhen Municipality, met with Tang Jun, senior vice president of Disney and his delegation. According to Tang Jun, the visit of Disney to Shenzhen this time was proposed to further strengthen the overall cooperation between HK Disney and Shenzhen, explore ideas on how to provide communication project and cooperation opportunities for Shenzhen elementary and middle school students. Tang Jun further revealed that Shenzhen was one of the cities in China with the most purchase quantities at present, annual purchase amount reaching more than multi-million RMB.

Joint Venture between Sweden Volvo and China Dongfeng Group in China (2007-09-24)

Nowadays Industrial News of Sweden reported that cooperation negotiation between Sweden Volvo and China Dongfeng Group was drawing to an end, and everything has run smoothly. They were to carry out cooperation in China in May of next year.

The Second Largest Financial Institution in Japan Sets up its Branch in Qingdao (2007-09-20)

China Banking Regulatory Commission has formally replied and approved the report of Mizuho Corporate Bank (China) requesting instructions on establishing a branch in Qingdao, which symbolizes the Qingdao branch of Mizuho Corporate Bank (China) has entered into the preparation stage. This was the first branch of Mizuho Corporate Bank (China) in China since its establishment on Jun. 1st and also the largest Japan financial institution project introduced by Shandong peninsula so far.

Fortune 500 Kohler Co. Ltd Settles in Chongqing Airport Industrial Zone (2007-09-20)

Recently, Kohler YinXiang Ltd holding by one of Fortune 500 enterprises—Kohler Co., Ltd has formally signed project investment agreement with administrative committee of Chongqing Airport Industrial Zone. The project is designed to invest RMB 500m and require 110mus of land to build a general machinery production base. Upon the completion of the first-phase project in 2009, it will achieve the annual output of RMB1.6b.

More and More Swedish Enterprises Expected to Enter into China (2007-09-20)

Recently, a research report issued by Sweden SEB Bank revealed that more and more Swedish enterprises are expected to enter into Chinese market and many such enterprises had established business in China this year. Most of those enterprises are small engineering companies, mainly taking Western China or Shanghai as their bases. Furthermore, according to the news of Sweden Trade Committee, 92 Swedish enterprises had entered into Chinese market, exceeding 88 enterprises of last year.

China Automobile Marches into Sweden (2007-09-20)

According to Industrial Daily of Sweden, Shuanghuan CEO Jeeps manufactured by China Shuanghuan Automobile entered into Swedish market. Shuanghuan Automobile expressed that they hoped to list in Sweden in Dec. of this year, owing to the good sales of this type of jeeps in other countries.

The Completion of a New ITT Base in Shenyang (2007-09-20)

A new ITT Corporation base with investment totaling US$25m in Shenyang has been completed and put into production.

High-grade Packaging and Printing Project of US$30m Settled in Qingdao (2007-09-19)

The high-grade packaging and printing project with total investment of $30m by Taiwan Cheng Loong Corporation in Qingdao has run smoothly since the signing in June. The existing registered Qingdao Shanfu Paper Co., Ltd has been under construction in Huanhai New Materials Zone, Chengyang District, Qingdao.

South Korea Semi-conductor Enterprise Attaches Great Importance to Chinese Market (2007-09-19)

Having benefited from China's economic growth and raising PC consumption, Hynix, a famous semi-conductor enterprise in South Korea expressed on Sep.14th that its turnover in China exceededUS $4b in 2007, increasing by 15% year on year. This year, the output of its memory chip factory in Wuxi reached $3.48b, growth of 60% year on year, to be the largest memory chip supplier in China.

South Korea Invests $20m in Hubei Province to Build a Hi-tech Company (2007-09-18)

On Sep. 16th, Haweit Optoelectronic Technology (Wuhan) Co., Ltd started to run formally with investment of $20m, becoming the largest hi-tech company invested by South Korea in Hunan province so far, with 30m PC cameras filters produced per month and accounting for 20% of world market share. It also produces 80m DVD and VCD optical parts per month, accounting for 15% of world market.

Japan NTTData Corporation of Fortune 500 Invests in Chongqing to Build an Outsourcing Base (2007-09-18)

Recently, NTTData Corporation, the largest software manufacturer in Japan and 24th among Fortune 500 Enterprises, settled in Chongqing and entered into Xiyong Micro-electronics Park to build a NTT Chongqing R& D base. It plans outsourcing production value of up to a hundred million RMB within three years. NTT Chongqing R & D base will be the largest software outsourcing base in the western China.

World's Currency Broker Lands in China for Opening of Shanghai CFETS-ICAP International Money Broking Co., Ltd (2007-09-17)

Shanghai CFETS-ICAP International Money Broking Co., Ltd was opened on Sep. 13th, and is jointly invested in by China Foreign Exchange Trade Center and worldwide largest currency brokerage company--ICAP. It is the second currency brokerage company of China settled in Shanghai, as same as the first Tullett Prebon Sitico (China) Limited.

Internationally Well-known Automobile Brands Settle in Tianjin (2007-09-17)

 As an important financial and economic center in the northern China, Tianjin's development potential has become the motive power for the luxury-car merchants to build shops. Worldwide famous brands such as Benz, BMW, Audi, and Lexus had settled in Tianjin one after another, forming a sales and service network in Tianjin Municipality.

National Australia Bank Hopes to Enter Chinese Market (2007-09-13)

As reported by Australian Financial Review, National Australia Bank Ltd. planned to adopt such investment strategies as introducing new financial service products to open the Chinese market and meet increasingly diversified investment demands of Chinese investors. The bank announced yesterday that they had already entered an agreement with China Trust and Investment Corporation to purchase 20% equities of the Chinese party.

Chinese Taiwan Hon Hai Group to Set Up Head Office in Shanghai (2007-09-13)

As known that early this year Hon Hai Group announced to the public that they would remove their operations head office to Shanghai. Hence Shanghai Municipal Government approved Hon Hai Group to use an area of 10,000㎡ in Lujiazui business center for building construction. The establishment of the “Global Headquarters” by Hon Hai Group means to take advantage of the significant financial position of Shanghai.

Home Depot Opens Shop in China (2007-09-13)

At the recent opening ceremony of Home Depot China, the world's biggest retailer of household decoration material Home Depot announced that the integration of 12 stores acquired from Home Way Ltd. on Dec., 13, 2006 was complete and hence Home Depot officially entered Chinese market. Wensna (sound), president of Home Depot Asia and Canada revealed that “the advantages of Home Depot in retailing area, the innovations in product sourcing, and full dedication of all employees will best suit the needs of Chinese consumers for home decoration.”

The First Time Enterprise of Latin America Invested in Hefei (2007-09-12)

Journalist Qin Jingwu was known from the related department of Hefei, Anhui that Mexico Omnilife, a Fortune 500 enterprise, invested USD20m recently in Hefei to establish a production base for health products. This was the first time enterprise from Mexico and even Latin America invested in Hefei.

Wal-Mart enters Jingzhou of Hubei (2007-09-11)

The world's retail magnate Wal-Mart entered Meijiahua Shopping Center in Jingzhou, Hubei on the 6th. The signing ceremony was held in Jingzhou.

China has approved altogether over 600,000 foreign enterprises (2007-09-11)

Vice Director of Foreign Enterprise Department of the Ministry of Commerce said at the 11th China International Investment & Trade Fair on the 9th that by the end of July this year, China has accumulatively approved the establishment of over 610,000 foreign enterprises, using foreign investment of 720 billion US dollars.

Dubai Group plans to invest 200 million US dollars in China (2007-09-10)

Soud Ba'alawy, Executive Chairman of Dubai Group, said in an interview with Reuters on September 7 that the group plans to invest about 200 million US dollars in China's financial and real estate sectors next year. Ba'alawy said the group has started talks with some financial institutions in China, seeking to hold shares in high-class investment banks and local commercial banks and eventually to enter China's insurance industry.

Nanjing and Siemens Sign Strategic Cooperation Agreement (2007-09-09)

Nanjing Municipal Government signs Agreement of Strategic Cooperation on Sep. 5th.

Fidelity Established the First Solely Funded Enterprise in Dalian (2007-09-08)

On Sep.5th, Fidelity International, one of the world's largest joint fund management companies, declared that it would set up Fidelity (Dalian) Science Limited, its first solely funded enterprise in China.

Egypt National Bank Marches into China Market (2007-09-07)

Hussein, chairman of Egypt National Bank, recently claimed that the Shanghai branch of the bank would start to do business in the middle of October, 2007. Then Egypt National Bank will become the first Arabian and African Bank to set up branches in China. In 1999, Egypt National Bank had established representative office in Shanghai. Hussein further expressed that this bank handled with 65% of Sino-Egypt trade amount.

Airbus Places Great Importance on Chinese Market (2007-09-07)

On Sep 3rd, media groups including the Financial Times of Germany reported that Airbus, a European aircraft manufacturer, placed great importance on Chinese market. The experts estimated that China would need 113 super-large A380 airplanes in the future 20 years. A principal of Airbus claimed on the Asian Aerospace that China would need 100-150 common passenger aircraft. But this principal did not explain the basis of such estimation.

Canada Bombardier Limited Longs for China Small-medium Passenger Jet Market (2007-09-07)

Bombardier Limited, the third largest aircraft producer in the world, estimates that domestic civil airliners of China will largely be required in the future 20 years, and the demand of small-medium passenger jets will reach 1,660. This company expressed that, in order to enter into Chinese market, it was willing to provide technological assistance to Chinese companies of the same business, even indirectly training them as competitors.

 Henan Province will Bring 600 Projects to South Korea for Soliciting Business (2007-09-06)

Henan province will bring 600 key projects such as manufacturing, service trade and modern agriculture to South Korea for soliciting business in early December.

Largest High Strength Conveyer Belt Project in Asia Settled in Shandong (2007-09-05)

The Goodyear Tire & Rubber Company and Yanzhou Yinhe Group of Shandong province recently held a signing ceremony for their joint-venture contract on the largest high strength conveyer belt project in Asia with total investment of US$300m. Upon the integration of two strong enterprises, both companies will become the strongest rubber products enterprises in the world.

Japanese Enterprises Build the World's Largest Engineering Machinery Base (2007-09-05)

Recently, the board of directors of Komatsu Shantui Construction Machinery Co., Ltd passed a plan for 500 mu of land to build an industry park in Jining Hi-tech District. Up to now, there are altogether 11 Japanese enterprises determining to set up plants in Jining Hi-tech District and the entire investment scale will reach $300m.

Budget Hotels Scrambling to Invest in Beijing Ahead of Olympic Opportunities (2007-09-05)

GreenTree Inn, an American commercial chain hotel, has set up its first hotel in Beijing. GreenTree Inn revealed that it would open 12 hotels in Beijing by the end of 2007. In the future one year, it would form a chain network with more than 50 hotels in Beijing.

Tax Exemption for China Special Economic Zone of Pakistan to Import Machinery Equipment (2007-09-05)

Dawn of Pakistan reported on Sep. 1st, that the government of Pakistan had approved a tax exemption policy on the import of machinery equipments by China Special Economic Zone. This policy passed the high-level conference held by Shaukat Aziz, the prime minister of Pakistan. As reported, Shaukat Aziz, the prime minister of Pakistan claimed that the establishment of the China Special Economic Zone on manufacture could attract China investment directly and enhance the output capability of Pakistan manufacture products and provide more employment opportunities for the people of Pakistan.

Trade between Australia and China Reaches $23.3b in the first Seven Months of 2007 (2007-09-04)

Wang Xinpei, the news spokesperson of the Ministry of Commence, claimed today that bilateral trade between Australia and China had reached $ 23.3b in the first seven months of this year, increasing by 35% year-on-year.

 Hong Kong has Become the Largest Partner of Shanghai Service Trade (2007-09-03)

As reported, between Jan. and July of 2007, the service trade between Shanghai and Hong Kong has made a breakthrough of $ 8.4b, increasing by more than 20% year-on-year. Hong Kong has become the largest partner of Shanghai service trade. During six years from 2000 to 2006, there was a 3.62 times increase for the import and export service trade between them, exceeding the growth of their goods trade by a factor of 1.79 in the same period.

E-Mart Establishes its Eighth Branch in China (2007-09-03)

South Korea Shinsegae E-Mart Co., Ltd proclaimed that its eighth branch had been established in Shanghai on August 31st. Meantime, it further expressed that it would open more than 50 stores in China by 2012.

Fortune 500 Enterprise Cooperates in Investing Henan Electric Power Project (2007-09-03)

During the Expo Central China in April, EDF signed Agreement of Cooperation on Yahekou 2×600MW Project of Nanyang with Henan Construction and Investment Corporation；Framework Agreement with China Datang (Group) Corporation in July and proposed to invest with shares for the second phase 2×600MW project of Shanmenxia Power Plant of Henan province with shares. The visit of Mr. Hervé Machenaud to Henan was to negotiate the relevant issues of cooperative investment of electric power project with the related units of Henan province.

Fortune 500 Enterprise Chia Tai Group to Invest in Dalian Plant (2007-08-31)

On August 29, Chia Tai Energy Materials (Dalian) Ltd and DMTO Catalyst Production Factory invested by one of the Fortune 500 enterprises — Chia Tai Group, has formally laid foundation in Yingchengzi Industrial Park, Ganjinzi district of Dalian. Its total investment is $ 30m, with $ 22m in the first phase. It is estimated that annual production of DMTO catalyst will reach 2,000 tons, when the factory is built and put into production next year.

China Midwest Headquarters of Switzerland SGS Group Settles in Chongqing (2007-08-31)

On August 28a signing ceremony was held in Chongqing Economic Development Zone for the settlement of China Midwest headquarters of SGS-CSTC Standards Technical Services Ltd. under Switzerland SGS Group, and SGS International Settlement Center.

World Bank Invests to Promote Exploration and Development of China Coal-bed Gas (2007-08-31)

International Finance Corporation under World Bank proclaimed recently that it has signed an investment agreement with Far East Energy Corporation with $15m to help the latter to strengthen its exploration and development of China's coal-bed gas. According to its agreement, Far East Energy Corporation would utilize the fund provided by World Bank to carry out exploration and development to coal-bed gas of more than 5,000 square kilometers in Shanxi and Yunnan, China.

French Alstom signs contract on metro carriage in Shanghai (2007-08-30)

Asltom, a French industrial giant and railway transportation group, announced that it signed a contract with its Chinese cooperator, on providing 246 sets of metro carriages to Shanghai subway. As the company claimed, Alstom is expected to obtain 66m Euro from 0.21b Euro, the total value of the contract..

More than 200 foreign invested R&D centers in the Beijing Economic and Technological Development Zone (2007-08-30)

Beijing R& D Center of Shell (China) Co., Ltd begins to run in Beijing Economic and Technological Development Zone today. As a relevant department introduced, there are more than 300 foreign invested R&D centers in the zone. Shell has invested more than $4b in China, and set up more than 30 solely invested enterprises and joint ventures with about 7000 employees.

Silicon Valley Enterprise increases its investment in China (2007-08-28)

As CMIC, Foxccon and other world giants settle in Wuhan, IC enterprises there have also accelerated their step. Recently, O2Micro International Ltd., whose Headquarters are in Silicon Valley in America, increased RMB50m to its investment in China. The money will be used to build an integrated base with IC design, verification, testing and training.

French Alston Group Inc. gets 0.135b Euro from China (2007-08-28)

As Reuters reported, Alston has signed a contract of 0.135b with China Dongfang Electric Corporation on the supply of 4 sets of steam turbines to China. These four steam turbines will be fixed in Liaoning Hongyanhe Nuclear Power Station.

World Top 500 enterprise settles in the Bonded Area of Tianjin (2007-08-27)

An aluminum alloy products project of World Top 500 enterprise, Canadian Alcan Inc. settled in Bonded Area of Tianjin. The project, with total investment of $47m and registered capital of $24m, has got the business license in the beginning of June and has completed procedures for de-listing the land.

An Austrian company successfully enters China and will enlarge its Asian market (2007-08-27)

Austral Kotanyi Company considers China as part of its strategic market, with 2 offices in Shanghai and Hong Kong. Tts products began to sell in China at the beginning of this year and the company has established marketing channels with big catering groups and supermarkets. The production of Kotanyi this year will come to $1m. To meet the demand of Chinese consumers, it has specially developed products exclusively for market of China.

Another World Top 500 “Settles” in Zhengzhou Hi-Tech Area (2007-08-24)

French Liquefied Company, one of the world Forbes 500, has reached an agreement on purchasing 20 mu of land in Zhengzhou High-Tech Area for establishing a wholly owned plant specialized in hi-tech products of industrial gas, and It is expected that the production of the project would reach RMB100m upon completion of its first phase construction.

Hubei Kaile Technology Receives a Big International Order of USD130m (2007-08-24)

Recently, Kaile New Material Science and Technology Co., Ltd. Hubei (Kaile Technology) received a big order of USD130b from an Indian Telecom Co Kaile Technology and Indian Reliance Communications Infrastructure Co. reached a contract on telecom engineering material optical fiber and silicon chips and tubes at the amount of RMB130m. The time of delivery of the contract is August 31 to October 31. The above-mentioned Indian Company is in charge of GSM and CDMA networks.

Toyota Motor Expects Sale of 10.4m Sets around the Globe in 2009 (2007-08-24)

Japan Economic News reported on August 22 that with the help of the growth of demands in North America, China and other emerging countries, Toyota expects its sale would reach 10.4m sets around the globe in 2009, which covers its subsidiaries of Hino Motor and Daihatsu Motor.

World leader IT enterprises pool in Shanghai and compete for R&D there (2007-08-23)

Google R& D Center currently opens in Shanghai. Besides Google, world leading IT enterprises like Microsoft and Intel have laid out their great R&D plan in Shanghai. These three mentioned enterprises are respectively on the top of network, software and chip of IT industry.

Foreign brands dominate the Plasma TV market (2007-08-23)

Influenced by the supply and price of panels, the plasma TV market in China has been dominated by foreign brands. According to the latest research report released by CCID Consulting, foreign brands have still dominated more than half of the Plasma TV market, among which Hitachi and Panasonic takes more than 60% market share.

The top ten foreign enterprises rated by their investment scale (2007-08-23)

A Shanghai Foreign Investment Environment White Paper released on the 21st listed the top ten foreign invested enterprises in Shanghai by their investment scale. Contractual foreign investment of these ten enterprises reaches $4.828b in total. They are the following companies in order: GE, Sumitomo, Hitachi, Itochu, Mitsubishi, Mitsui, Siemens, Fuji Film, Marubeni and Volkswagen.

Taiwan Zhenghan Electronics Technology Garden Project settles in Jiujiang Development Zone of Jiangxi with total investment of $30m (2007-08-22)

In the first half of the year, the actual introduction of both foreign and domestic investment, number of important projects, number of registration and that of started projects all ranked No.1. Based on this, Jiujiang Economic Development Zone of Jiangxi and Taiwan Zhenghan Technology Co., Ltd held the settlement ceremony of Taiwan Zhenghan Electronics Technology Garden Project on August 17th. Vice-Mayor Li Wei presented the ceremony.

Sino-Thailand enterprises jointly invest in ethyl alcohol factory (2007-08-21)

As World Daily of Thailand reports, General President of Thailand RAC International Co., Ltd suggested that the company cooperate with OSIC to invest in a project producing ethyl alcohol with cassava. One billion baht will be invested in the project. The factory will use 0.9b tons of cassava annually with daily production of 100,000 kilolitres of ethyl alcohol and annual production of 36m kilolitres. All the ethyl alcohol needed will be exported to China.

Indian Visa Steel and China Baoshan Steel will set up a joint venture cooperatively (2007-08-21)

Indian Visa Steel proclaimed on August 17th, it has reorganized a joint venture with China Baoshan Steel Trade Company and Swiss VISA Comtrade to set up a factory in Orissa India with annul production of 100,000 tons of ferroalloy. Visa Steel said in a statement that it would hold 51% of the shares, Baoshan Steel and VISA Comtrade 35% and 14% respectively. The construction cost is 2.6b Indian Rupee.

Green Tree Inn settles in Wuhan (2007-08-21)

Recently, solely foreign invested economical hotel, Green Tree Inn Hotel Management Co., Ltd. settled in Wuhan and set up 5 hotels to be the first solely foreign invested franchise hotel CVCI invests $50m in China sugar industry (2007-08-20)

On August 15th, CVCI subsidiary company to Citibank signed an agreement with Guangxi Yongkang Sugar Industry Co., Ltd. According to the agreement, CVCI invests $50m in Yongkang Sugar to make sure Guangxi Yongkang Sugar finance the red-chip listing in Hong Kong Exchanges and Clearing. CVCI will obtain 20% of the shares of Yongkang.

Wal-Mart settles on Liu'an for its third sub-branch in Anhui (2007-08-20)

On August 16th, the world largest retailer Wal-Mart signed a contract with Liuan Xinhongyi Real Estate Co., Ltd., settling on construction of a Wal-Mart in Liuan City.

World Memory Products Giant establishes R&D center in Suzhou (2007-08-17)

World leading memory products provider German Qimonda AG signed an agreement with Suzhou Industrial Garden on August 7th and proclaimed that it would invest $20m to set up an R&D center in the garden to develop memory products of computer and consumer memory goods LaSalle Investment Management Company plans to invest $15b in Asian real estate (2007-08-17)

CEO of Asian-Pacific Area of LaSalle Investment Management, a global real estate investment organization, proclaimed on August 14th, the organization plans to invest $15b in Asian in 3 to 5 years to acquire and develop real estate projects Foreign investors compete to invest in Shenzhen logistics in the first half of the year (2007-08-16)

Enthusiasm among foreigners to invest in Shenzhen has kept grown and many foreign investors favor its logistics. According to the statistics of Shenzhen Trade and Industrial Bureau, there are 5 foreign-invested enterprises whose total investment increased over US$10m, with total investment increasing by US$135.3034m and contractual foreign investment increasing by US$29.0485m.

Motorola acquires gigantic order from China Mobile (2007-08-16)

Motorola published information about its GSM network expansion contract signed with China Mobile, involving almost USD0.4b. As China Unicom did not greatly update and invest in C network, the contract is very important to network equipment business of Motorola in China.

352 Hong Kong Enterprises invest and do over $1.6b in business in Putian (2007-08-15)

During the Hong Kong Business and Trade Week in Putian, Fujian, which ended on August 13th, 28 Hong Kong invested projects were introduced to Putian with total investment of $468m, among which there were 21 contracted projects with investment of $336m and utilization of $322m, and 7 agreed-upon projects with investment of $132m.

Taiwan Qimei actively enlarges its LCD-TV market in the mainland (2007-08-15)

Zheng Liangbin, LCD-TV Marketing Principal of Taiwan Qimei Corporation and Vice-manager of its subsidiary Xinshidai Company, suggested that there is great market potential for LCD-TV in the mainland and the company should actively engage the market here.

NEC Electric plans to enlarge its business and sales in China before 2010 (2007-08-15)

As Japanese economic news reported on August 12th, NEC Electric plans to enlarge its business and sales in China before 2010 fiscal year to double the turnover to reach 100b Yen (US$845m) in China.

Investing RMB2b, Hong Kong energy company settles in Fengyang Industrial Garden of Anhui (2007-08-15)

Presently, Fengyang County Government of Anhui and Hong Kong Jianghong Energy Development Co., Ltd. signed a contract concerning a project involving investment of RMB2b in a high-tech industrial garden. The project settled in the industrial garden and the first phase of a 50 ton clean fuel project and catalyst project will be initiated at the beginning of September with investment of $45m for the first phase.

China's largest Pharmaceutical R & D Outsourcing Enterprise lists in the US (2007-08-14)

The largest Chinese pharmaceutical research and development outsourcing enterprise, Wu Xi PharmaTech Co., Ltd. was listed and exchanged on New York Stock Exchange on August 9th. Wu Xi PharmaTech Co., Ltd., established in 2001, is an enterprise whose business is mainly new pharmaceuticals research and development outsourcing and whose customers includes Pfizer, Merck and other named international pharmaceutical enterprises. Wu Xi PharmaTech Co., Ltd. raised US$184m by issuing about 13,200,000 shares of American depository receipts, $14 a share.

Shenzhen MicroLogo joins hands with American Microsoft (2007-08-14)

Shenzhen MicroLogo Code Co., Ltd has become the 8th global strategic cooperator of Microsoft in China. The two sides signed the Understanding Memorandum of Global Strategic Cooperator to start a series of business cooperation concerning a new information carrier, Mowom, to fasten the ‘informationalization' of the traditional information industry.

Hubei opens its seven major industries for investment (2007-08-13)

Yesterday an inspection group consisting of over 60 business people from Hong Kong and Singapore started an investment study tour in Wuhan. For the next period of time to come, Huber will open seven key industries for investment, including optical communication, telecommunication system and equipment industry, telecommunication terminal industry (meaning mobile phone), industrial laser industry, ship building industry, automobile and its parts and components, and textile & garment industry.

UPS to build transshipment center in Shanghai (2007-08-13)

UPS International Aviation Transshipment Center located in Pudong International Airport recently broke ground for construction. After the project is completed, the express delivery service time in Shanghai area will be further extended, and the service will also be available in the evening.

Mexican cotton will enter Chinese market next year (2007-08-09)

Mexican National Cotton Production Association said on August 6th that Mexican cotton was to enter Chinese and Japanese markets in 2008.

AT&T plans to increase the budget of global telecommunication system by US$100m (2007-08-08)

Gopi Gopinath, the president of Asian-Pacific Area of AT&T, the biggest American phone call company, said on August 6th AT&T planned to increase the original budget of global telecommunication system of US$750m by US$100m. The increased budget will be mainly put into the Asian-Pacific Area.

Mainland market attracts toy manufacturers from Hong Kong (2007-08-07)

It was announced at the 2007 Hong Kong Toy Festival being held in Shanghai recently held that there were about 286 million children in the mainland with an increasing demand for consumption of toys. For Hong Kong toy industry, the mainland has become the fourth largest toy exporting market. As one of the six major traditional manufacturing industries, export of toys in Hong Kong was US$9.94b, among which US$ 1.15b was exported to the mainland, increasing 104% compared with that of last year. From January to May, the export to the mainland was up to US$850m.

Shanghai Electric and Siemens sign a framework agreement on their new-round strategic cooperation (2007-08-06)

Shanghai Electric and Siemens signed a framework agreement on their new-round strategic cooperation in Harbor Heavy Equipment Base of Shanghai Electric. According to the framework agreement, Shanghai Turbine Works Co., Ltd, Shanghai Turbogenerator Co., Ltd. and Shanghai Power Equipment Co., Ltd. established together by both companies in 1990s, will be combined to establish a new company—Shanghai Electric Hydro Station and Equipment Company.

Singapore Temasek increases investment in China in fiscal year 2006 (2007-08-06)

Singapore Temasek Holdings (Privately) Co., Ltd. (Temasek for short) published on August 2nd the annual report, revealing that by the end of 2006 fiscal year—March 31st, Temasek increased investment in China by US$1.1b which were mainly in housing, consuming goods, energy and resources industry.

Over 60% of Japanese Software Outsourcing Orders Flow to China (2007-08-03)

As the software outsourcing orders have been developing rapidly, 65% of the total overseas outsourcing value of Japanese software has flown to China. So China has become the largest base of Japanese software outsourcing. Ms. Michiyo TAKAGI, Parliamentary Secretary for Economy, Trade and Industry Ministry told this to the public when she presented the Fifth China Software Fair.

Coca Cola Takes Stand in China Cinema Market (2007-08-03)

 Dai Jiaxun, new General Manager of Coca Cola (China) Beverage Co., Ltd. launched the Coca Cola China cinema line market strategy on August 1st. Coca Cola signed contracts with Wanda Line Cinema, the largest cinema investor and operator. Both parties plan to create a totally new cooperative modal in respects including dynamic beverage display, product development nearby cinemas, innovative marketing promotion and deepening of service content. This is the first time for an international beverage giant to cooperate with Chinese line cinemas.

Hunan Has Introduced 1,700 Taiwan-invested Projects and Investment of US$1.8b (2007-08-03)

In recent years, Hunan has the attention of more and more Taiwan businessmen. Last year, there are 113 newly approved Taiwan-invested projects, with actual introduction of Taiwan investment of US$278.01m, year-on-year increase of 45.65%, creating the highest record of similar periods within 10 years. By the end of June this year, Hunan had attracted 1,700 Taiwan-invested projects with actual introduction of US$1.86071b in total.

Huashi Pharmaceutical and Tianping Pharmaceutical Factory Signed a Supply Contract with American Palico of 2b Tablets (2007-08-02)

Huashi Pharmaceutical (Subsidiary of Shanghai Pharmaceutical Group) and Tianping Pharmaceutical Factory signed a contract with American Palico Company on supply of 2b tablets of products.

Fuji Xerox Establishes its First Reproduction Factory (2007-08-01)

Recently, Fuji Xerox claimed an investment of 650m Yen (equivalent to RMB40.5m) to set up the first integrating resources and renewable factory.

It will use printers and copiers, ink tanks and other office facilities recollected in mainland and reuse them to realize “zero pollution in China” Roche will set up medical R&D center in China (2007-07-31)

Roche Pharmaceutical Co., Ltd revealed recently that it would set up a global pharmaceutical R&D center in China ahead of others. At that time, Roche will complete the whole layout of the value chain of pharmaceutical research, development, production and marketing.

Nespresso Cafe of Switzerland Nestle Opens in China (2007-07-31)

Xinhua News Agency in Switzerland reported that the Nespresso Cafe in Shin Kong Place of Beijing and another in Isetan Department Store of the biggest international food enterprise in Switzerland, Nestle Company began to open. By the end of 2006, Nespresso of Nestle had 79 sub-branches in the world, which by the end of 2007 it will come to 120.

Headquarters of Hitachi Elevator in China Completed (2007-07-31)

Hitachi Elevator claimed that the former Guangzhou Hitachi Elevator Co., Ltd. has now changed into Hitachi Elevator (China) Co., Ltd. The new company is the headquarters in China of Hitachi Elevator, which will promote the position and function of China in Hitachi's global strategic goal.

Deutsche Bank Approved to Construct the Local Corporate Banks (2007-07-30)

Recently, Deutsche Bank said it would construct local corporate banks, with its headquarters in Beijing, approved by Chinese banking regulatory department. Earlier, JP Morgan Chase & Co. was finally approved by Chinese banking regulatory department on July 23rd, and had become the first foreign bank registered for establishing local corporate banks in Beijing.

International Media Giant Settles in Sichuan (2007-07-27)

Chengdu Apex-Batesasia Integrated Marketing Communication Co., Ltd., set up by WPP MARKETING COMMUNICATIONS（HONGKONG）LIMITED, a subsidiary of world media giant WPP Group, and Chengdu Apes Advertising Company, has been approved. This is the first company WPP Group set up in Western China.

First Korean Bank Settles in Suzhou (2007-07-27)

Woori Bank of Korea, the first Korean bank in Jiangsu province, settled in Suzhou Industrial Park on 23rd. So far, there are 5 foreign banks setting branches in Suzhou, including HSBC, Chartered Bank, DBS Bank, Sumitomo Mitsui Band and Woori Bank. Besides, several foreign banks have set offices in Suzhou.

 World Carbon Giant Enlarges Its Production in Tianjin Development Zone (2007-07-26)

American Cabot Corporation, a carbon industry leader, started to enlarge its carbon factory in Chemical Industry Area of Tianjin Development Zone. This project will cost US$65m and increase two carbon-producing lines and world leading flue gas desulphurization environment protecting units. After the project is completed, annual carbon production will increase to 26,000 or even 29,000 tons, which will be the biggest among all the factories in the world.

Volkswagen Settles in Western China (2007-07-25)

Financial Times of Germany reported on July 20th that Volkswagen Company would produce Sportswagen in Chongqing located in the southwest of China. Winterkorn, President of Volkswagen Company, said that this would not only support the Chinese government development strategy of the Western Area, but also create a new market for itself.

World Top 500 Bosch Plans to Enlarge Production in Shenzhen (2007-07-24)

Recently, Vice-mayor of Shenzhen met Vice-president of German Bosch Company in China. During their meet, the person in charge revealed that Bosch Rexroth wanted to find a land about 30,000 square meters to enlarge the scale of production and wished that Shenzhen would be its energy-saving market base for production of Bosch Brand control machines to enter the global middle and low-end control machine market.

Italian SACMI Group Sets up Wholly Foreign-Owned Tiles Machinery Enterprise in China (2007-07-24)

As reported by IL SOLE 24 ORE, the world's biggest machinery group, SACMI Group, recently built up its wholly owned tiles machinery enterprise in Nanhai, Guangdong Province in China. The enterprise has more than 100 employees with total investment of 4.5m euro and plans to produce 100 tiles molding machines.

World Top 500 Marches into "the First Port of the Yangtze River" (2007-07-23)

July 11 afternoon, Sichuan Yibin Municipal Government and China Construction Bei Xin Railway Construction Company held a signing ceremony on cooperative investment agreement of Yibin Harbor Projects. Both parties would join hands to build the integrated working zone of the largest port in Sichuan -- Zhicheng Integrated Working Zone, building “the No. 1 Port of the Yangtze River”.

LG Chemical Will Invest in China to Build ABS Chemical Factory (2007-07-23)

Recently Yonhap News Agency of South Korea has quoted a saying from high-ranking source of LG Chemical. LG Chemical will build ABS (acrylonitrile-butadiene-styrene) Chemical Factory with local enterprises in South China Region. It is now studying the feasibility study scheme on making a decision during the year. Meanwhile, LG Chemical is taking initiatives in exploring the scheme on cooperative management of PVC projects in China.

Korea National Bank To Establish a Branch in Guangzhou (2007-07-23)

With approval by China Banking Regulatory Commission, National Bank Ltd. (National Bank), the largest commercial bank in Korea, would set up a branch by the end of July in Guangzhou and officially launch foreign exchange businesses. National Bank became the 20th foreign-invested bank stationed in Guangzhou.

Company Project of Sweden Scandinavia Industrial Park Settles Nanjing (2007-07-20)

The company project of Sweden Scandinavia Industrial Park has settled in Nanjing. Scandinavia Company of Sweden and Mankato Investment Company of Switzerland have jointly invested over 10m euro in the project. It will build a standard factory of 30,000 square meters in northern European style, with an office building of 3,000 square meters designated help and facilitate small and medium companies from Scandinavia and northern European areas including Swede, Denmark, Norway to invest in China.

Costa Rica Coffee Will March into Chinese Market (2007-07-20)

Pitts, President of Costa Rica Coffee Association, told the journalist from Xinhua News Agency that Costa Rica coffee known for its high quality will enter Chinese market.

Guangzhou Honda Will Invest RMB 2b to Set Up R&D Center (2007-07-20)

Guangzhou Honda said on July 17th that it would invest RMB2b to set up its R&D center to focus on the research and development of cars under the brand name of “Guangzhou Honda”. These cars will be in market in 2010. Besides, news reports of Japanese Honda said that Guangzhou Honda had been approved to produce car engines in the mainland.

FamilyMart Accelerates Market Development in Eastern China (2007-07-19)

Ting Quan（Cayman）Holdings Ltd. under Ting Hsin International Group (hereinafter referred to as Ting Hsin), Taiwan FamilyMart Co., Ltd., Itochu Corporation (Itochu for short), Japanese FamilyMart Company cooperated with each other again. Based on their previous successful marketing experience in running Shanghai FamilyMart, they have set up Suzhou FamilyMart Co., Ltd. now and are developing franchising convenience stores with the brand name of Familymart in Suzhou Industrial Garden in Suzhou City. It would be the third FamilyMart company in China, after Shanghai (2004) and Guangzhou (2006) FamilyMart.

China Insurance Regulatory Commission Increases the Proportion of Direct Investment of Insurance Funds in A-share From 5% to 10% (2007-07-19)

China Securities Journal reported on July 17th than known through several sources, China Insurance Regulatory Commission (“CIRC”) has increased the proportion of direct investment of insurance funds in A-share from 5% to 10% while remaining investment of insurance owners' equity at 20% Spanish Pacific Eastern Company Invests in China's Biggest Cement Factory in Guangxi (2007-07-18)

On July 13th, Laibin Municipal Government of Guangxi signed an agreement on a cement production project with Pacific Eastern Company of Spain. It is to build up the largest cement factory in China with annual production of 12,000,000 tons and total investment of RMB 6 billion.

Korean Investment in Shandong Will Move to Hi-tech Industries (2007-07-18)

Official of Shandong Foreign Economic and Trade Department said Shandong would attract Korean investment preferably to develop cooperatively high technology, information, power-saving, and environment protection projects.

Enterprises in Luoyang Signed Intent of US$18m Purchase Order with an International Giant (2007-07-17)

Luoyang Tianjiu Kitchenware Co., Ltd. recently signed intent of a purchase order worth US$18 million with Ikea, worldwide famous furniture giant from Sweden. Fiat Plans to Produce 160,000 Ivecos in China Within 3 Years (2007-07-17)

According to Il Messaggero in Italy, Sergio Marchionne, President of the Fiat Group on July 11th, Fiat will produce 160,000 Ivecos in China, which would be almost half of the global production.

China Could Soon Replace Japan as the Largest Source of Imports in Korea (2007-07-16)

On the 10th, Korea Ministry of Industry and Resources said that in the first half this year, China had surpassed Japan, US and Korea and become the first largest source of imports, and forecast that China would soon replace Japan as the largest importer of Korea.

Switzerland Sulzer Group To Build a Global Procurement Center in Dalian (2007-07-13)

Ton Büchner, President and CEO of Switzerland Sulzer Group, came to Dalian, inspected production and business situation of Sulzer Dalian Pumps & Compressors Ltd., informed major act of Group to the mayor - establishing global procurement center of Group in Dalian and at the same time transferred more sophisticated technology to the factory in Dalian.

Wuhan Cooperates with Japanese Enterprises to Promote FTTH (2007-07-13)

 Japan's Sumitomo Electric Network and Wuhan Yangtze Optical Technology Co., Ltd. completed the formation of joint ventures and marked FTTH R & D carrier came into being. Wuhan took the lead in achieving FTTH in China.

Hyundai Establishes Third Factory in Changzhou (2007-07-10)

On July 8th, Changzhou National High-tech Development Zone released the news that Hyundai Group, a World 500 top enterprise, had invested USD40m in establishing the third factory—Changzhou Morden Hydraulic Machine Co., Ltd. in the zone, which filled up the gap of Hydraulic Machine corollary equipment made in China.

SUMITOMO Invests in Equipment Manufacturing Industry in Shenyang (2007-07-06)

Nissin High Performance Coatings (Shenyang) Limited was established in Shenyang High-tech Development Zone, jointly invested by Shenyang Lilin Group and Nissin Coating Corporation of world top 500 enterprises, joint venture under the flagship of Sumitomo. This was the first Sino-Japanese joint venture engaged in professional vacuum ion plating, which filled up a technological gap of the equipment manufacturing industry in Liaoning.

Wuhan Signed Cooperation Agreements with Seven African Countries To Build the Center of African Economic and Trade Cooperation (2007-07-06)

The Sino-African economic and trade cooperation Wuhan promotion event ended. Wuhan City Council for Promotion of International Trade signed friendly cooperation agreements with the Chamber of Commerce & Industry from seven African countries, making the nine commitments to provide mutually services and facilities for trade, investment, transfer of technology and information of economic cooperation, investment promotion, investment and educational exchanges.

Solar Energy Projects Settle in Danyang, Jiangsu with Total Investment Exceeding USD300m from Taiwan Investors (2007-07-05)

On July 2, Jiangsu Danyang Yunyang Town signed a cooperation agreement on a solar energy project investment with the principal of Taiwan Solar Power Technology Co., Ltd., another major technology project formally settled in Danyang with total investment exceeding USD300m.

Zhenhua Port Machinery Says it will Sign Procurement Contracts with DP WORLD Worth USD200m (2007-07-05)

On July 3, Shanghai Zhenhua Port Machinery Co., Ltd., a Chinese port machinery manufacturer, noticed that recently it had signed contracts for procurement with DP WORLD worth USD200m.

ABN AMRO Bank (China) Limited Established (2007-07-05)

On July 3rd, ABN AMRO Bank announced that ABN AMRO Bank (China) Limited was formally established in Shanghai by approval of China Banking Regulatory Commission. ABN AMRO Bank (China) Limited headquartered in Shanghai had registered capital of RMB4b. Wang Jiefeng, executive president of ABN AMRO Bank China, said that the new company would actively innovate financial investment products and focus on expanding RMB banking services.

Hynix-ST Semiconductor Limited Increased Capital of USD1.5b (2007-07-04)

 Increases of the capital project of Jiangsu Wuxi Hynix-ST Semiconductor Co., Ltd had been agreed and approved, with one-time net total increase in the investment amounting to USD1.5b. Total investment increased to USD3.5b and registered capital increased to USD15b. At present, both total investment and registered capital of the company exceeded those of BASF-YPC Company Limited, which had become the foreign-invested enterprise of the largest investment.

German Projects of USD10m Settle in Jintan, Jiangsu (2007-07-04)

Investment projects of automobile spring production line of USD21.88m of German Ai Wen De Holding Company would go into operations in the concentrated industrial zone of Jincheng town, Jintan City, which was the first program of the company's investment in the township system of Mainland China.

Foreign-invested Banks Enter and Chongqing Now has most Foreign-invested Financial Institutions in Western China (2007-07-03)

With the accelerated opening up of Chongqing, more and more foreign-invested financial institutions competed to enter Chongqing. At present, Chongqing became a city with the largest number of foreign-invested financial institutions in Western China. It was showed by information provided by Municipal Financial Bureau that as at present, there were 7 foreign-invested financial institutions in Chongqing, namely Scotiabank Chongqing Branch, Allied Commercial Bank Chongqing Branch, HSBC Bank Chongqing Branch, Bank of East Asia Chongqing Branch, ABN Amro Bank Limited Chongqing Branch, Standard Chartered Bank Chongqing Branch and Sumitomo Mitsui Banking Corporation Chongqing Representative Office. There were 3 foreign-invested insurance institutions, namely Liberty, MetLife and Great Eastern Life Assurance respectively.

Spain Plans to Built World's Largest Silicon Factory in Sichuan (2007-07-03)

On June 29 at the "China---Sichuan -- Spain Economic Exchanges", 31 Spanish enterprises together with Juan Carlos I, Spanish King took a visit conducted exchanges with 72 enterprises from Sichuan. Among them, Michel Vilar, president of Spanish Atlantic ferroalloy Limited said Spain would establish the world's largest metal silicon factory in Sichuan Province, with annual output of 150,000 tons and investment of USD150m.

Hong Kong Becomes World's Second Largest IPO Market Financing USD200b for Mainland (2007-07-03)

Hong Kong had become the global second largest IPO market. It reached a historic peak for mainland enterprises to raise funds in Hong Kong. From 1993 to date, the mainland enterprises listed in Hong Kong had already reached more than 300, with total financing of USD200b.

RREEF and H&Q Asia Pacific Would Develop 25 Hilton Garden Hotels in China (2007-07-02)

On the 28th, RREEF, Deutsche Bank's subordinate investment institution, and H & Q Asia Pacific, a private fund investment management company, announced to set up a new joint-venture company, devoted to investing in China's business hotel market. The joint venture company would develop and manage move than 25 specialized service hotels under the brand Hilton Garden hotels in China.

Airbus and China Sign a Joint-Venture Contract (2007-07-02)

On June 28, a Chinese Union composed of Tianjin Bonded Area, China Aviation Industry Corporation I and China Aviation Industry Corporation II, and Airbus Company signed a joint-venture contract of Tianjin general assembly lines of Airbus A320 series aircraft in the Great Hall of the People in Beijing. Under the contract, Airbus held 51% of the shares of the joint venture company and the Chinese Union held 49% of the shares. Of 49% of shares held by Chinese Union, Tianjin Bonded Area accounted for 60%, and AVIC I and AVIC II accounted for 20% respectively.

New World Department Stores Plan to Acquire Four Mainland Department Stores from the Parent Company within Three Years (2007-07-02)

On June 27, New World Department Store (China) Co., Ltd. split from New World Development – a Hong Kong real estate developer announced that the company tried to acquire four mainland department stores from New World Development within three years. Meanwhile, the company had also the intent of launching acquisition from outside. YRC Roadway of Global Fortune 500 Acquired Shanghai Jia Yu Logistics Co., Ltd. (2007-06-29)

Yellow Roadway Corporation Global (YRC), a Global Fortune 500 transport service provider, yesterday announced that it has reached an initial agreement on acquiring Shanghai Jia Yu Logistics Co., Ltd.It was revealed that the amount of investment and acquisition of YRC in China was likely to reach the highest about USD200m by the end this year.

Chongqing Medical Enterprises First Enter the United Nations Procurement Catalog (2007-06-29)

Recently, Chongqing Jinshan Technologies Company was identified as a medical products procurement company by the United Nations. This was the first medical enterprise from Chongqing entering the United Nations procurement catalog. China 3NOD Became the First Foreign Enterprises Passing the Preview for Listing on KOSDAQ According to the Korea Associated Press, upon preview by the Listing Committee of KOSDAQ, China 3NOD Digital Company became the first foreign enterprise that had passed the preview for listing on KOSDAQ on June 25. In the stock market of South Korea, 3NOD Digital became the second foreign enterprise passing through the preview after China Huafeng Textile passed through the listing preview on the securities market.

UK Government Devoted to the Development of Chinese Design Market (2007-06-29)

On June 26, UK Trade & Investment established a task force in helping UK designing companies win the market opportunities of China. UK Trade & Investment believed that UK designing companies boasted business opportunities more than 3b Sterling Pounds in China.

 Cheung Kong Holdings Thinks Highly of Mainland Real Estate Market in China (2007-06-29)

Zhao Guoxiong, executive director of Cheung Kong Holdings--Hong Kong's largest real estate enterprise, said the proportion of its real estate revenue from Mainland China was expected to increase from 20% to 30% in the next three years. Cheung Kong Holdings reserved land of 1.2 to 130 million square feet in the Chinese mainland, sufficient for development in five to seven years.

Household Appliance Industry in Wuhan Sprinted the Production of RMB20b Four Giants Showed off Big Orders Exceeding RMB7b (2007-06-29)

Recently, four leading enterprises of major household appliances including Media, TCL, Haier, Supor, showed off big orders exceeding RMB7b to more than 60 small-medium enterprises in Wuhan and the circle of Wuhan, which was the tentative step in forming a local complete set of electric appliance industry.

Syria Recognizes China's Full Market Economy Status (2007-06-28)

On June 26, Chen Jian, Minister Assistant of China's MOFCOM signed a Joint Communique with Habash, deputy minister of the Ministry of Foreign Trade and Economic Cooperation of Syrian in Damascus, and Syrian recognized China's full market economy status.

World 500 Top Enterprises Air Liquide Settles in Jinzhou, Dalian (2007-06-28) Recently, Air Liquide (China) Holding Co., Ltd. and Adjacent Port Industrial Zone Dengsha River Dalian held the signing ceremony of investment contracts. Air Liquide (China) Holding Co., Ltd. would build factories in the Industrial Zone adjacent to the port of Dengsha River with investment of USD29.5m.

Sichuan Jiuzhou Cooperate with French Thomson Group, a World Top 500, in Entering the Command Post of Digital Products (2007-06-27)

On June 21, after senior officers of French Thomson Group – a World Top 500 enterprise, visited Sichuan Jiuzhou Electric Group, French Thomson Group signed a memorandum of cooperation successfully with Sichuan Jiuzhou Group. The two groups expressed there was a power-power alliance and built a new command post of digital products.

LG Enters Jiangjin, Chongqing to Build a Mobile Part Production Base as Breakthrough for 3G Projects (2007-06-27)

Korean LG Group—a World Top 500, though forced to abandon the Korean 3G projects, accelerated expansion in China. Recently news from the government of Jiangjin District, Chongqing City stated that LG had recently signed the formal agreement on settlement with Jiangjin Industrial Park, and started to build the first mobile phone parts base in Western China with investment of RMB50m.According to the LG plan, its coastal factories would be transferred to Chongqing.

Combined with World Top 500 Enterprises, Jiangsu Five Star To Establish 3 Large Logistics Centers (2007-06-26)

In May last year, Best Buy Co. of world top 500 enterprises cooperated formally with and Jiangsu Five Star Appliance. The project of three large centers of Five Star Appliance was also planned to complete and go into operation in 2008. The three major logistics centers were prepared to build in the Nanjing, Suzhou and Hangzhou, with total estimated area of 80,000 square meters.

American Electric Giant Entered Shanghai and Optimistic about "Green Economy" (2007-06-26)

Recently, American Cooper Industries released a type of green transformer insulating oil named "FR3" to the Chinese market, combining advanced technology with green environment protection. This type of insulating oil took on green, derived from soybeans, did not contain any petroleum or other hazardous substances on the human body, had passed professional certification for edible oil and could reach 99% of degradation within 21 days.

World Top 500 Enterprises Stationed in Changzhou High-tech Zone (2007-06-26)

Recently, Changzhou National High-tech Zone released the news that DENSO Corporation of World Top 500 Enterprises officially settled in the zone, which mainly produced the common rail fuel injection system facing heavy-duty diesel engine with the investment of USD58.4m.

International Software Giant Accelerate Layout in Shenzhen (2007-06-26)

Recently, PTC, the world's largest product development solutions (software) supplier and American Autodesk company, software designing giant in the United States, held related technologies forum and promotion conference of new products in Shenzhen, which attracted hundreds of technology, e-business participants in Shenzhen, including Huawei, ZTE, Fushikang and Zhongji.

Singapore Officials Urge Enterprises to Enter the Second and Third-Line Cities in China (2007-06-26)

China's rapid economic growth provided many business opportunities for Singapore enterprises. In the next phase of growth, experts and scholars believed that there was rapid development for many second-line cities, and even some third-line cities in China and they would become the pillar in the next stage of Chinese economic development.

Intesa Sanpaolo Spa Landed in China (2007-06-26)

On June 20, 2007, the 24-hour Sun of Italy reported, as the first Italian bank entering China, an agreement had initially been reached between Intesa Sanpaolo Spa and Qingdao City Commercial Banks of China. Views were exchanged and consensus was reached among the Head of Intesa Sanpaolo and senior leaders of Qingdao City Commercial Bank and the other two major shareholders: Qingdao Municipal Government and Haier Household Appliances Group. It was expected that the contract would have been formally signed by the end of July this year.

Kempinski Says 10 New Hotels Would Be Opened in China by 2009 (2007-06-25)

On June 20, the world's oldest luxury hotel -- Kempinski Hotel Co., Ltd. said the company planned to open 10 new high-grade hotels in such mainland cities as Shanghai by the end of 2009, so as to share development opportunities of the Chinese business and leisure tourism market brought about by Beijing Olympic Games. Senior Vice President of Kempinski, China said that currently, there had been 8 business hotels operating in China and there also were three resort hotels. Hotels of Kempinski in Wuxi and Xian would go into operation in the second half of year. Other cities, which planned to operate hotels, were as follows, Yinchuan, Huizhou, Qingdao, Tianjin and Suzhou. Kempinski flagship store in Shanghai was located in Puxi Coast and would be one of the most luxurious hotels in Shanghai, which planned to complete and operate by the end of 2009.

Underlying Sales of Expected to Grow by 12% in China this Year (2007-06-25)

On June 21, Maurice Levy, chairman of Publicis of France --the world's fourth largest advertising group said the underlying sales of the company were expected to grow by 12% in China in 2007, an increase about 20% in 2008.

China Allows Domestic Institutional Investors to Invest in Foreign Securities Market (2007-06-22)

On the 20th, China Securities Regulatory Commission released the Interim Administrative Measures for Foreign Securities Investments by Qualified Domestic Institutional Investors and the relevant circular, which meant that the businesses of providing domestic residents with offshore financial services by fund management companies and securities firms would be carried out soon. The relevant principals of CSRC said CSRC and foreign regulatory departments would strengthen supervisory cooperation in overseas custody of QDIIs, investment operations, settlements, information disclosure, and fund management to ensure that these Measures and the relevant circular be properly implemented. These Measures provided for the principles on access conditions of QDIIs, product designing, raising funds, offshore investment consultants, asset custody, investment operations, information disclosure, and the relevant circular had been adopted detailed provisions on the relevant content and implementation of these Measures. Both these Measures and the relevant circular would bring into effect on July 5.

Foreign-invested Enterprises To Enjoy Preferential Policies on Income Taxes Next Year (2007-06-21)

Since July 1, 2007, China would unify the implementation of the adjusted tax policy for promoting the employment of handicapped nationwide. Under the new policy, foreign-invested enterprises would enjoy preferences. On June 19, the relevant principal of State Administration of Taxation pointed out that under the adjusted tax policy, the units of job arrangement for the disabled could enjoy preferential tax policies on the turnover tax and enterprise income tax.

Qualifications for the First Finished Oil Business of the Foreign-invested Enterprises Approved in Qingdao City (2007-06-20)

Recently, MOFCOM formally approved the finished oil business of GS Galtex (Qingdao) Energetic Co, Ltd., and agreed the company to construct and operate gas station and ancillary facilities, petroleum products such as retail of finished oil, liquefied petroleum gas, running for 30 years. Since the Administrative Measures for Finished Oil Market (Decree No. 23 of the MOFCOM in 2006) issued, it was the first foreign-invested enterprise approved in Qingdao City, marking the retail market of finished oil was gradually opening up to foreign-invested enterprises, and with a new principal player added in the retail market of finished oil, the competition of retail would become fiercer.

The First Foreign-invested Bank Settles in Heilongjiang (2007-06-20)

Ai Ke Si Bao Bank of Russia recently set up its first representative office in Harbin. It was known that this was the first time that foreign-invested banks had entered and stationed in Heilongjiang Province. According to the introduction of the principal of the bank Harbin office, the cooperation agreement of the bank had been formally reviewed and adopted by China Unionpay Group legal department. The users who held the credit cards of China Unionpay could withdraw freely in the teller machines at the network of banks in the territory of Russia, and credit card consumption could be used in every major shopping mall. In addition, Ai Ke Si Bao Bank and Commercial Bank of Harbin signed an agreement on the comprehensive cooperation in international business.

WOORIBANK (China) Approved to Prepare for Construction (2007-06-20)

RWOORIBANK (China) is allowed to build corporate banking, approved by the CBRC, becoming the first Bank of Korea with approval from China Banking Regulatory Commission. Its principal said since WOORIBANK delivering planning applications of WOORIBANK (China) on April 27, it took only 46 days to receive the approval. Based on existing networks, WOORIBANK (China) would select such districts as Tianjin City, Shandong Province, Jiangsu Province, Zhejiang Province to speed up establishing networks and would expand the network number to 53 in 2012.

120 World Top 500 Enterprises Settle in Chengdu, Western China (2007-06-20)

As HENNESSY finished the project of merger and acquisition with Chengdu Wunjun Alcohol recently, 120 World Top 500 enterprises had settled in Chengdu, a city in western China.

Microsoft Joins Changhong, Jointly Moving into the Digital Media Field (2007-06-19)

According to Sichuan Changhong news, Microsoft (China) Co., Ltd. recently signed a Letter of Commitment to Sichuan Changhong, which committed, as a strategic investor, to subscribe 15 million shares of Sichuan Changhong in the private offering, at the price of RMB6.27/share. Meanwhile, Microsoft (USA) Corporation and Sichuan Changhong also signed the Memorandum of Understanding on the Media Galaxy project. Both parties will carry on long-term strategic cooperation in the digital media, focusing on the family Internet digital entertainment field. The first cooperative project was to produce 3C digital entertainment products: televisions, computers and Internets.

World's Largest Plastic Sulfur Project Goes into Operation in Jiangsu (2007-06-19)

 Recently, the world's largest sulfur plastic item was completed and put into operation in Taixing. The item was invested and constructed by Akzo ? Nobel Companies from the world's top 500 enterprises in Holland, and the sales volume was expected to reach RMB280m.

Akzo Nobel plans to invest USD500m in China by 2012 (2007-06-19)

On June 14, Hans Wijers, CEO of Akzo Nobel, Dutch manufacturer of pharmaceutical and chemical products, said that the company plans to invest about USD500m in China by 2012. Hans Wijers said that the investment includes the investment in the equipment of Ningbo Chemical Industry announced previously.

Lianzhi Electronic with the Investment of USD50m Settled in Nanchang with Sales Volume Expected to Exceed USD400m upon Completion (2007-06-19)

The production base of Lianzhi (Nanchang) Electronic Co, Ltd. built by Hong Kong Lianzhi Companies with investment of USD50m in Nanchang High-Tech Zone recently took off, which marked the settlement in Nanchang of “Lianzhi Electronic” with the background of Taiwan Lianhua Electronics, the world's second largest chip OEM manufacturer and a world-class fables professional producer. The product was mainly the memory of 70 nano in the base. After completing and going into operation at the end this year, the annual sales amount was expected to exceed USD400m.

First Infants & Children Supermarket of Germany Settled in Nanhui, Shanghai within This Year (2007-06-18)

At the signing ceremony between Shanghai Foxtown Group and German BABYBONE Company that through go-between of Chain Management Association of China and German Franchise Association, it was announced that Shanghai Foxtown Group gained 15 years of franchise rights of BABYBONE in Mainland China, which was the first supermarket brand of Infants & Children, after two years of investigation. The first one-stop supermarket BABYBONE of Senior Infants & Children would be settled in the " FOXTOWN?HOPSCA BRAND VILLAGE " of Nanhui within this year.

Bank of East Asia stationed in Dalian Development Zone (2007-06-18)

Recently, Bank of East Asia (China) Co., Ltd. Dalian Branch took another step after full opening of RMB businesses to foreign banks - stationed in Dalian Development Zone. Development Zone Branch was the second branch established in Dalian by Bank of East Asia, and was also the first branch of foreign banks established in the development zone.

Aluminum Corp. of China Settles in Shanghai with Large Investment (2007-06-15)

 Recently, Aluminum Shanghai Copper Corp. of China with registered capital up to RMB 1.22b has settled in Shanghai. As one of the important backbone state-owned enterprises in the non-ferrous metal industries of China, Aluminum Corp. of China accelerated the market layout of copper processing in China. As a shareholding subsidiary of Aluminum Corp. of China, Aluminum Shanghai Copper Corp. of China was one of China's largest copper belts manufacturing enterprises. Its goal was to become a leading domestic and world-class production base of fine copper products, R & D center of copper processing technology, and trade center of nonferrous materials processing.

Bank of Dalian Planned to Sign Equity Transfer Agreement With Scotiabank of Canada (2007-06-14)

On June 12, it was known from inside sources that China's Bank of Dalian will formally sign an equity transfer agreement with Scotiabank of Canada and the International Finance Corporation (IFC) recently, and then start issuing A-shares. Earlier, Scotiabank of Canada had indicated that they were negotiating 20% equities of Commercial Bank of Dalian. In January, banking sources said that Commercial Bank of Dalian was negotiating with Scotiabank and the International Finance Corporation on share transfer. The transfer amount was estimated at more than RMB2.5b.

Worldwide Wood Equipment Leader Settles in Changzhou (2007-06-13)

Recently, Germany Wemhoener Group, a leading enterprise of worldwide complete set of wood equipment, settled in Changzhou National High-tech Park. A new force was added for Henglin timber floorboard industry cluster of Wujin, Changzhou, which was the ‘Capital of China Hard Wood Floorboard”.

IBM's Largest Service Outsourcing Talent Base Established in Nanchang (2007-06-13)

On July 11, IBM signed a cooperation memorandum with Nanchang Municipal Government, which was intended to establish its worldwide largest service outsourcing talent base in Jiangxi Pioneer Vocational Institute of Software and Technology.

OMRON Builds its First R&D Center in China (2007-06-13)

Japanese OMRON Group established its first R&D center in China and its size was next to Kyoxsaka Nei (Sound) Innovation Center in Japan. Moreover, it was the first time for such company to establish an R&D center outside Japan.

Indonesian Sinar Mas Group Proposed to Invest RMB50b to Build the Asia Pacific's Largest Wood-Pulp-Paper Factory in Guangxi (2007-06-11)

Asia Pulp & Paper Co., Ltd. (hereinafter referred to as “APP”) under Indonesia Sinar Mas Group proposed to invest RMB 50b to build the largest Asia Pacific wood-pulp-paper integration base in Qinzhou, Guangxi Province.

Sweden Papermaking Equipment Company Wins Big Order from China (2007-06-11)

According to Daily News of Sweden, Metso Paper, a famous papermaking equipment company in Sweden, won a big order from China to provide papermaking machinery and relevant equipment for a Chinese papermaking enterprise. Total value of the order was Kr. 100m.

Sweden Stated-owned Liquor Company Builds a Factory in China with Jiannanchun (2007-06-07)

Sweden Vin & Sprit Group--Sweden stated-owned liquor-making industry company would establish a new joint venture company with Jiannanchun Group, one of three traditional Chinese liquor brewage enterprises to produce traditional Chinese liquor and improve its packaging and trademarks. As reported, the new joint venture company is headquartered in Chengdu. Swedish investor would take up holding position, accounting for 51% shares.

World's Largest Graphite Manufacturer Cooperates with Chinese Private Enterprises (2007-06-07)

Germany SGL Group, worldwide largest carbon and graphite manufacturer, cooperated with a Chinese private enterprise. The journalist today learned from the headquarters of SGL Group in China that it had signed a cooperation agreement with Shanxi Quanhai Graphite Co., Ltd. on producing special graphite in China.

LCD Production Programs with Total Investment of RMB1.6b Settled in Shaoyang, Hunan (2007-06-07)

A formal contract with total investment of RMB 1.6b recently was submitted by HK Chuangren (sound) Science Company to Xinshao county government of Shaoyang municipality, Hunan province. It symbolized high-tech enterprise groups composed by 8 upstream and down-stream enterprises with color LCD as the core to settle in Daping industrial base of Xinshao County.

Great Prospect of Foreign Investment in Asian Financial Mergers and Acquisitions, China Takes the Lead (2007-06-06)

According to questionnaire results of PwC Company, in the coming five years, foreign investment would still favor mergers and acquisitions in Asian financial services, where China takes the lead, followed by India. There were 230 Asian principals of financial service companies such as banks, insurances and securities accepted such questionnaires, 3/4 of which held that their companies in Asia would carry out significant financial activities of mergers and acquisitions in the coming five years, up by 9% than two years ago.

Project Investment of American INVISTA Nylon 66 Intermediates Settled in Shanghai Chemical Industry Par (2007-06-06)

Recently, American INVISTA signed the project investment of Nylon 66 intermediates and letter of intention of transferring land use right with Shanghai Chemical Industry Park Development Co., Ltd. INVISTA deciding to build a large factory in the Shanghai chemical industry park for meeting the requirements of Nylon 6.6 intermediates and polymer in Asia.

Great Prospect for China Market, Nuremberg Exhibition Established Branch Company in China (2007-06-06)

Recently, Nuremberg Exhibition Service (China) Co., Ltd. opened in Shanghai as the wholly-owned subsidiary of Nuremberg Exhibition Service Co., Ltd. Its goals are to explore new business of China exhibition service companies, instruct professional expo service work in Beijing, Guangdong and Shanghai, design new expo plans, and examine and approve a number of cooperation suggestions with expectation, and try to take a stable standing in the fierce competition of China exhibition market.

Two Fortune 500 Enterprises Settled in Jiangning Science Park of Nanjing (2007-06-06)

For congratulating the 13th anniversary of Jiangning Science Park of Nanjing, contracts have been signed for four projects, including Jiangsu Tianyang Group, TESCO, cooperation project between UTC and Nan Xiao (sound) and No. 8511 Research Institute of China Aerospace Science & Industry Corporation in the park with total investment nearly USD190m. Two projects, including Juneng Machinery, China Resources Snow Breweries formally started with total investment of USD140m.

First Industry Project of Pakistan Settles in Sihui, Guangdong (2007-06-06)

Sihui Shafi Leather Co., Ltd., the first industry project involving Pakistani investment in China, held its operation and ribbon-cutting ceremony in Sihui, Guangdong Province. The project, with total investment nearly RMB120m, would be constructed in two phases.

Wanglaoji Builds a Factory in Wuhan with Nearly USD 100m (2007-06-06)

At the 2007 Hangang Manufacture Investment and Cooperation Meeting, it was announced HK Jiaduobao (sound) Group and Wuhan Economic Technology Development Area signed nonalcoholic cooperation project, with contractual amount of USD 99.8m, and a large process factory of Wanglaoji would be built in this area.

Sweden Ericsson Signs Contract with CMPak (2007-06-05)

Recently, Ericsson announced that it was elected by CMPak to expand GSM wireless communication network of CMPak in south Pakistan.

World's Largest Roller Manufacturing Company Invests in Shanxi (2007-06-05)

“Shanxi Ackers (Sound) Taiyang Iron and Steel Roller Manufacturing Co., Ltd” jointly established by Taiyang Iron and Steel and Sweden Ackers Co., Ltd, worldwide largest roller manufacturing company, has been examined and approved by the government and completed business registration and began to put into operation yesterday.

Jilin Xiuzheng Pharmaceutical Group Signs Contract with Japanese Gongyue (Sound) Trading Group (2007-06-04)

 On May 29, Jilin Xiuzheng Pharmaceutical Group and Japan Gongyue Trading Group established Longbang Xiuzheng Pharmaceutical Co., Ltd, to realize a giant-giant alliance so that they could take advantages of each other's strengths. The registered capital of Longbang Xiuzheng Pharmaceutical Co., Ltd was RMB 100m; with total investment of RMB 130m and equity ratio of both parties respectively accounting for 50%.

World's Largest Industrial Real Estate Enterprise Builds Logistics Center in Shanghai (2007-06-04)

As reported, the world's largest industry and logistics facilities developer Prologis recently signed cooperation agreement with Shanghai Zunxuan Enterprise Co., Ltd, and planned to build “Prologis-Shanghai Hongqiao International Logistics Center” in Huacao Town near the comprehensive traffic hub of Hongqiao, Shanghai. Logistics center occupies grounds of 23760 square meters, with total investment of USD50m and registered capital of USD17m.

Allianz China Established Shenzhen Branch Company (2007-06-01)

The journalist learned yesterday that another joint venture life insurance institution in Shenzhen was upgraded to a branch company. Upon approval of China Insurance Regulatory Commission (CIRC), Shenzhen Marketing Service Department of Allianz China Life Insurance Co., Ltd. was upgraded to a branch company. At present, this company is handling its business license actively and will open very soon. As introduced, Allianz China has maintained growth since entering Shenzhen market. In the first quarter 2007, the accumulated premium of its Shenzhen Marketing Service Department reached RMB61.27m and the size of its total premium went up to the second place among Shenzhen joint-venture life insurance companies. At present, Allianz China stands at the third place of ranking among joint-venture life insurance companies in Guangdong market.

South Korean KTB Group Plans to Launch China Buyout Fund Next Year (2007-06-01)

KTB Investment Group, a well-known venture investment institution of South Korea, announced on May 29 that it was actively studying on China buyout market and planned to launch a buyout fund next year, aiming to invest in China with the size to reach probably USD500m. In addition, the company would continually pay attention to investment opportunities in consumer product industries of China such as mobile phone and Internet.

China and the United States Signs USD 32.6b Procurement Investment Agreement (2007-06-01)

Wang Xinpei, spokesman of the MOFCOM, revealed that China Promotion Delegation for Investment and Cooperation recently signed 138 contracts or agreements on procurement and investment, with total amount up to USD32.6b. The procurement products included airplane engines, technology and equipment of the third-generation nuclear power plants, communication and network equipments, mobile phone, semiconductor equipments and materials, railway polishing vehicles, automobile and parts, computer software, environment protection equipments and some agricultural produces.