The City's Dream for Finance Street
Cover
The Beijing local government is drawing up plans to expand its financial street, which is already home to some of the most recognizable names in international financial services. The area's buildings are packed to capacity with tenants, and demand is now exceeding supply. This is the result of preferential treatment of businesses within the 1.15 square km area, and what they call a general image boost from the ability to call the financial hot-spot home.
Original article: [Chinese]
Details on the Singapore-Tianjin Eco-city Deal
Cover
The EO has the inside scoop on the latest developments surrounding the new 30 square km sustainable development area being established in Tianjin by a joint venture between local partners and the Singapore government. The goal of the project is to incubate green technology that can be used by the city to reduce energy consumption, etc.
Original article: [Chinese]
China's Internet, Web 2.0 VC Drying Up
Cover
The initial excitement over China's fertile Web 2.0 industry has waned, with investors firmly skeptical and cautious. As a result, investments have steeply declined-- Web 2.0 start-ups received only 1 percent of venture capital being invested in China during October, according to China Venture.
[Full English translation forthcoming]
Original article: [Chinese]
Official Discloses Details on China Reserves Investment Company
From News, page 3
The board director of China's state foreign reserve investment company announced at a financial conference some details regarding the company's scope and future investment plans. The newly-formed company, which was formed in order to make better use of China's mounting reserves, has been relatively tight-lipped about its operations and future plans.
[English translation forthcoming]
Original article: [Chinese]
Environmental Watchdogs Anxious as Refinery Moves to Binhai
From Nation, page 12
The State Environmental Protection Administration is anxious over a new million-ton oil refinery that is moving to the Binhai coast. The newly established district is part of the northeast's industrialization belt, where such industry is encouraged in order to boost economic growth. Other refiners are planning to move there as well.
Original article: [Chinese]
Law Should be the only Limit to Journalists
From Comments, page 16
Liu Bo argues that only law should limit what journalists report on and how they report, and draws lessons and inspiration from the West.
Original article: [Chinese]
Awaiting New Regulations on Joint-Venture
Money & Investment, page 17
Regulations concerning the founding of joint venture securities firms with foreign skate are expected to be out soon, sources say. The new ruling is to cover issues like shareholding proportion, licensing, and parameters for business operations. It comes as part of the commitments made by the Chinese government during last year's Sino-US Strategic Economy Dialog to further open up its financial market, including the relaxation of a ban imposed on foreign securities firms' entrance to the Chinese market.
Original article: [Chinese]
PetroChina's Crashing Value
Money & Investment, page 19
A conspiracy theory is brewing as stock prices of PetroChina continue a downwards spiral, hitting a new low of 31.52 yuan. The company was once ranked the a