Creación de la comunidad para las pequeñas empresas del Reino Unido para conectarse y crecer UK Business Forums abastece a la discusión de la comunidad en el sitio y la creación de redes entre cientos de miles de pequeños empresarios y empresarios. Al combinar la comunidad más activa de tomadores de decisiones de las pequeñas empresas del Reino Unido, donde se producen más de 25.000 mensajes cada mes, con foros estructurados, relevantes y atractivos, UK Business Forums permite a las marcas involucrar a las pequeñas empresas de manera significativa y con impacto. Estadísticas vitales 430,220 Visitantes únicos por mes 266,000 Miembros perfilados 880,890 Vistas únicas de página por mes 35 Visitas mensuales desde dispositivos móviles Contactos Paquete de medios Complete el siguiente formulario para descargar el paquete de medios de UKBusinessForums. co. uk Estilo de transmisión: Grid Scalping Marco de tiempo: M15 Pares de moneda: GBPUSD Precios: Versión en oro (1 cuenta) 229.99. Versión de diamante (2 cuenta): 439.99 Cuenta limitada: Sí Frecuencia de negociación: 5-10 por semanaRemember si usted va a intentar la furia de la divisa que usted entiende completamente cómo el sistema trabaja antes de funcionarlo vivo. Siempre recomiendo usar su período de reembolso para probarlo. Más . Forex Hacked Pro es una nueva opción de membresía que le da acceso no sólo a su altamente exitosa EA original, sino también a todos sus nuevos EA Pro así. Así que con la membresía Pro usted está recibiendo dos robots altamente rentables forex para el comercio en dos cuentas independientes y demostraciones ilimitadas. Usted puede comprar el paquete Pro hacia arriba para 329.99 o actualizar una cuenta básica existente para 130. El Pro. Más . Forex Flex EA es un robot de forex extremadamente flexible (de ahí el nombre) capaz de muchas cosas poderosas. Viene pre-cargado con 8 estrategias únicas que puede cambiar a dentro de la EA con sólo un clic del ratón. Su básicamente como tener 8 EAs en uno Su estrategia principal llamada Default es un híbrido muy interesante de la red y la tendencia. Más . TriStar Trader Descripción Parejas intercambiadas: Cualquiera. Plazo: Cualquiera. Costo: 247. Licencia: 1 cuenta en vivo, NFA / FIFO Soporte: Desconocido, Reembolso Período: 60 días, TriStar Trader Estrategia del sitio web: Se desconoce la estrategia de TriStar Trader. Cuando descubrimos que esto será llenado. Desempeño No hay resultados reales del vendedor TriStar Trader, its a s. Más . Universo FX Robot Descripción Parejas intercambiadas: EURUSD y GBPUSD. Plazo: M1. Costo: 129. Licencia: 1 cuenta en vivo, NFA / FIFO Apoyo: Desconocido, Reembolso Período: 60 días, Universo FX Robot Sitio Web Estrategia: Universo FX El estilo de comercio de robots es desconocido hasta el momento. Vamos a cambiar esta descripción cuando se determine. Actuación. Más . FXDiverse Descripción Parejas intercambiadas: Pares de monedas: Muchas. Plazo: Plazo: M30. Costo: 235 (un año) o 275 (ilimitado). Licencia: 1 cuenta en vivo, NFA / FIFO Soporte: Desconocido, Reembolso Período: 60 días, FXDiverse Sitio Web Estrategia: FXDiverse estilo de negociación es desconocido. Voy a cambiar esta descripción cuando nos enteramos. Actuación. Más . Esta entrada está reservada para nuestra revisión oficial del vapor de la divisa Éste es un producto de la divisa que es vendido en Clickbank o Plimus más probable para un precio del TBA. Lo más probable es que ofrecen una política de reembolso de 60 días sin ninguna pregunta pidió garantía de devolución de dinero. Recuerde que si va a probar cualquier robot forex y sistema de forex que entienda completamente cómo funciona el sistema antes de ejecutar en vivo. Yo siempre. Más . Cotización: Cotización: Cotización: Cotización: Cotización de CovertFX Pactos: EURUSD, GBPUSD, AUDUSD, GBPJPY, USDJPY, EURAUD, GBPAUD, NZDUSD, AUDUSD, XAUUSD, Duración: M5, Costo: 347, Licencia: 1 cuenta en vivo, NFA / FIFO , CovertFX Website Strategy: La estrategia de CovertFX es desconocida en este momento, cuando nos enteramos de lo que es esto se agregará. Más . FXCharger Descripción Parejas negociadas: EURUSD, AUDUSD. Periodo de tiempo: H1. Coste: 219 o 259 (Avanzado). Licencia: 1 cuenta en vivo, NFA / FIFO Soporte: Desconocido, Reembolso Período: 60 días, FXCharger Estrategia del sitio web: La estrategia de FXCharger es desconocida en este momento, cuando nos enteramos de que esto será cambiado. PerformanceHere es una cuenta pero i. Más . F7Estructura de la estrategia: Se desconoce la estrategia del sistema F7Sistema de estrategia: F7Sistema de estrategia se desconoce F7Sistema de estrategia se desconoce F7Sistema de estrategia se desconoce F7Sistema de estrategiaPrecios sin par: GBPUSD, EURJPY, GBPJPY, Duración: Duración: varios, Costo: 199 cada 3 meses, Licencia: 1 cuenta en vivo, NFA / FIFO . Vamos a revisar esta descripción cuando se determine. Performance Aquí es un a. Más . Si está buscando más reseñas de otras fuentes, consulte Forex-Naked-Truth. Es otro tercer sitio de la revisión de la parte forex con un montón de comentarios sobre varios robots de Forex y corredores. También tienen una muy buena lista de robot forex mejor con algunos de los EA más populares, y los resultados son bastante chocantes. Más . Forex Penta Scalper es una nueva estafa robótica forex por Rita Lasker, por favor no pierda su tiempo o dinero en it. Remember si va a probar Forex Penta Scalper que entienda completamente cómo funciona el sistema antes de ejecutarlo en vivo. Siempre recomiendo usar su período de reembolso para probarlo a fondo durante al menos un mes. Si sus resultados están por encima de la satisfacción, entonces y sólo entonces debe considerar. Más . Signal Start es un servicio de copia comercial para sistemas Myfxbook especialmente seleccionados, ya sea automatizado o manualmente. Para las personas que buscan copiar operaciones, puede probar 1 para la primera semana, luego es 25 / mes después. Eso es sólo para utilizar el servicio SignalStart, todavía tendrá que navegar por su lista de proveedores de copia de comercio y seleccione uno que costará additionala. Más . Binary Compound System es una nueva estrategia binaria con grandes promesas, pero se entregará Time will tell. Recuerde que si va a probar el sistema compuesto binario que entienda completamente cómo funciona el sistema antes de ejecutarlo en vivo. Siempre recomiendo usar su período de reembolso para probarlo a fondo durante al menos un mes. Si sus resultados están por encima de la satisfacción, entonces y sólo entonces debería consi. Más . Forex Money Torrent es una nueva estrategia de divisas con grandes promesas, pero se entregará el tiempo dirá. Recuerde que si va a probar Forex Money Torrent que entienda completamente cómo funciona el sistema antes de ejecutar en vivo. Siempre recomiendo usar su período de reembolso para probarlo a fondo durante al menos un mes. Si sus resultados están por encima de la satisfacción, entonces y sólo entonces debe considerar tak. Más . Si está buscando más reseñas de otras fuentes, consulte las noticias de Forex-Naked-TruthShort. Semanal La Oficina de Protección Ambiental de Beijing ha comenzado a solicitar a la opinión pública su estricto estándar de emisiones, que se aplicará el 1 de diciembre de 2017. La nueva norma, que abarca los vehículos ligeros, los vehículos pesados y los motores pesados, Normas sobre emisiones. En la actualidad, los vehículos en Beijing deben cumplir con la quinta norma de emisiones de la fase, que entró en vigor en 2013 y es equivalente a la Euro V emisiones cap. Al menos 52 ejecutivos, incluidos los de los principales prestamistas estatales, han renunciado por razones personales o han pasado a otros empleos recientemente. El estancamiento de los salarios y las oportunidades altamente pagadas en la banca privada y el incipiente sector financiero en línea han ayudado a alimentar el ciclo de salidas. Diez de los 16 bancos que figuran en la lista han informado de que el personal ejecutivo de nivel de presidente o vicepresidente ha renunciado o se ha marchado. Desde el comienzo del año, los paquetes de pago para los ejecutivos de los bancos se han limitado a CNY600.000. El conglomerado privado más grande de China, Fosun Group, completó la adquisición de la aseguradora estadounidense Ironshore, que marca un hito en las inversiones de la compañía en Shanghai en seguros especializados. Ironshore es ahora una filial de propiedad absoluta de Fosun. En febrero, Fosun pagó USD464 millones por 20 de Ironshore, que proporciona corredores de propiedad especializada de propiedad comercial y cobertura de accidentes, y más tarde también compró los restantes 80. Los turistas chinos gastado HKD13.900 millones en nuevas pólizas de seguro de vida en Hong Kong en el primer La mitad del año un aumento de 37,6 de los HKD10.1 millones de dólares en el mismo período en 2013. La parte de los turistas chinos de nuevo seguro de vida en Hong Kong llegó a 20,2 en el período enero-junio, frente a 18,4 en el mismo período en 2013. El Yuan será una divisa convertible y libremente negociada a finales de 2020, cuando más de un tercio de los pagos totales de China se liquidará en yuanes, dijo Zhou Xiaochuan, gobernador del Banco Popular de China (PBOC). Las reformas monetarias se encuentran entre las 17 metas principales fijadas por el banco central. Los activos en tierra de las instituciones bancarias chinas, incluidos los bancos comerciales, los bancos de política y las cooperativas de crédito rural, aumentaron 15 años en octubre a CN188,6 billones, informó la Comisión Reguladora Bancaria de China (CBRC). El pasivo total de las instituciones aumentó 14,3 en el período hasta los 17 billones de CNY. El primer lote de bancos centrales de ultramar e instituciones similares han sido autorizados a entrar en el mercado interbancario de divisas chinas, dijo el Banco Popular de China (PBOC). Siete instituciones de este tipo han completado su registro en el Sistema de Comercio de Divisas de China. Las instituciones son la Autoridad Monetaria de Hong Kong, el Banco de Reserva de Australia, el Banco Nacional de Hungría, el Banco Internacional de Reconstrucción y Fomento, la Asociación Internacional de Fomento, los Fondos Fiduciarios del Grupo del Banco Mundial y GIC Private. Según la Comisión Reguladora de Valores de China (CSRC, por sus siglas en inglés), ocho de los bancos comerciales regionales más grandes de la región han presentado solicitudes iniciales de oferta pública (OPI) desde junio de 2014. Wen Bin, investigador en China Minsheng Banking Corp, dijo que los prestamistas de la ciudad regional están dispuestos a ir a público porque están enfrentando mayores presiones de capital después de la rápida expansión en los últimos años. Apple Pay se espera que esté disponible en China antes de la Fiesta de la Primavera a principios de febrero. Los analistas no esperan que tenga un gran impacto en los líderes de pagos móviles Alibabas Alipay y Tencents Tenpay. China UnionPay, que opera el país más grande de pago y compensación de la red, ayudará a introducir Apple Pay al mercado. La firma de búsqueda de Internet Baidu, la aseguradora global Allianz y el inversionista asiático Hillhouse Capital Group han formado una compañía de seguros digital en China llamada Bai An. En noviembre del año pasado, los rivales Alibaba y Tencent unieron sus fuerzas con Ping An Insurance en la creación de Zhong An Online Property Insurance para aprovechar la creciente demanda local. La compañía francesa independiente de servicios financieros Oddo amp Cie dijo que estaba planeando hacer una oferta para el gerente de activos BHFKleinwort Benson, que rivaliza con una oferta existente de Chinas Fosun. Oddo ya tiene 21,57 de BHF y dijo en un comunicado que estaba preparado para adquirir más de 50 de la compañía después de llegar a un acuerdo con otros dos accionistas, los grupos Franklin Templeton y Aqton. Es probable que China invierta más de 1 billón de dólares en el extranjero en los próximos cinco años, dijo el primer ministro Li Keqiang. También dijo que el país probablemente importará productos por valor de más de 10 billones de dólares durante este período. Aunque el crecimiento económico de China ha disminuido, el volumen de crecimiento está aumentando cada año, dijo Li en un foro económico y comercial de China y los países de Europa Central y Oriental en Suzhou, provincia de Jiangsu. La Administración General de Aduanas (GAC) ha puesto en marcha 18 medidas para impulsar el comercio exterior. Los procedimientos aduaneros se han racionalizado, aumentando la eficiencia del despacho de aduanas en unos 50, mientras que los derechos de comercio exterior se han reducido o eliminado. El primer trasplante de útero con éxito se realizó en China después de que una madre en la provincia de Shaanxi donó su útero a su hija de 22 años. La hija nació sin una vagina y útero pero tenía ovarios funcionando. Ha habido 11 transplantes de útero conocidos en todo el mundo, la mayoría de ellos en Suecia. La autoridad nacional china de propiedad intelectual continuará cooperando con sus pares japoneses y surcoreanos para ayudar a los residentes de los tres países a beneficiarse de la innovación y la creación, dijo Shen Changyu, Director de la Oficina Estatal de Propiedad Intelectual (SIPO). Hizo las declaraciones en la 15ª reunión trilateral de diálogo político entre SIPO, la Oficina de Patentes de Japón y la Oficina Coreana de Propiedad Intelectual el 17 de noviembre en Guangzhou. Las tres oficinas de PI están entre las cinco más grandes del mundo. Bank of China (BOC) fue desacatado en los Estados Unidos por negarse a entregar los detalles de Gucci y Yves Saint Laurent falsificación de sospechosos. El juez federal de distrito Richard Sullivan en Manhattan ordenó al banco pagar una multa por retener a sus clientes 8217 registros. El propio Bank of China no es un acusado en la demanda y argumentó que no podría entregar los registros sin violar la ley china de privacidad. El banco también dijo que la corte de Nueva York no tenía jurisdicción sobre ella. La primera patente unitaria en Europa, que será publicada el próximo año por la Oficina Europea de Patentes (EPO), ayudará a las empresas chinas a ahorrar tiempo y dinero, dijo el presidente de la OEP, Benoit Battistelli. En lugar de tratar con formalidades en diferentes países, un solicitante de patente unitaria puede obtener la aprobación de los países participantes en la Unión Europea. Será menos costoso y más simple presentar una patente, dijo Battistelli durante un simposio de propiedad intelectual en Beijing. La octava Conferencia Anual de Derecho de Autor de China se celebró en Beijing para abordar la violación de derechos de autor de música en línea y promover la protección de derechos de autor en la era de Internet. Cerca de 500 profesionales asistieron a la conferencia, organizada por la Sociedad de Derecho de Autor de China. El rédito de los derechos de autor de la música de China8217s es cerca de 10 del beneficio de industry8217s, comparado a cerca de 60 a 70 en países desarrollados. El vicepresidente chino Li Yuanchao alentó a las compañías de robótica en el extranjero a compartir tecnologías con proveedores de China, diciendo que la cooperación internacional ayudará a empresas extranjeras a aprovechar el mercado chino. China compra un cuarto de todos los robots a nivel mundial. Al menos 800.000 robots se pondrán en uso en las fábricas chinas en 2020, según el Ministerio de Industria y Tecnología de la Información (MIIT), lo que representa una facturación de CNY100 millones. China8217s industria de la cirugía estética se valorará en CNY400 millones a finales de este año y se espera que el doble de tamaño a CNY800 millones de dólares en 2019. Si el crecimiento continúa como se espera, China será el world8217s tercer mercado más grande después de los Estados Unidos y Brasil por 2019, según el último informe de tendencia de la industria publicado por la Asociación China de Plásticos y Estética. Más de siete millones de chinos, en su mayoría mujeres, sufrieron cirugía plástica el año pasado. PetroChina Co y su matriz estatal China National Petroleum Corp (CNPC) planean vender activos antes de que finalice el año, lo que puede incluir participaciones en tuberías y refinerías. CNPC está tratando de utilizar los ingresos de la venta para cumplir con los objetivos de crecimiento de los ingresos anuales. La caída de los precios de la energía ha empujado a las empresas de energía a arrojar activos y reducir el personal para sobrevivir a la recesión. El aumento en el gasto de seguridad social en China ha superado el crecimiento de los ingresos en los últimos cinco años, lo que representa un gran desafío para el sistema de bienestar del país, dijo el ministro de Finanzas, Lou Jiwei. Pidió medidas para abordar el problema, incluyendo tener 30 de las utilidades de las empresas estatales para cubrir el déficit. El Partido Comunista de China ha prometido hacer todo lo posible para erradicar la pobreza en los próximos cinco años. El partido tomará medidas no convencionales y métodos perfectos en su batalla para acabar con la pobreza, dijo el Politburó después de una reunión presidida por el presidente y secretario general del partido, Xi Jinping. 70,2 millones de personas en las zonas rurales vivían por debajo del umbral de la pobreza ganando un ingreso anual de menos de CNY2,300 al final del año pasado. La Asociación China de la Industria del Hierro y el Acero (CISA) ha rechazado las afirmaciones de la industria internacional de que un exceso mundial de suministros es el resultado directo del sólido crecimiento de las exportaciones chinas de acero. Wang Liqun, vicepresidente de la CISA, dijo que estaba muy en desacuerdo con una declaración conjunta de nueve contrapartes extranjeras que afirmaban que la industria siderúrgica china es el principal contribuyente mundial a la industria siderúrgica del mundo sufriendo una crisis de sobrecapacidad. Las ganancias industriales de China8217s disminuyeron agudamente por 4.6 año-en-año en octubre, ensanchando la gota 0.1 en septiembre. Sin embargo, la industria manufacturera de alta tecnología alcanzó un crecimiento de utilidades de 14,2 año con año. Los beneficios en la industria de fabricación de equipos aumentaron en 8.6. En los primeros 10 meses, los beneficios industriales del país se redujeron 2 en comparación con el año anterior, alcanzando un total de 4,87 billones de CNY. En China, este año, se buscaron más talentos de las multinacionales con un notable cambio hacia las perspectivas locales de alto calibre. La firma global de consultoría y consultoría de ejecutivos Heidrick amp Struggles International, dijo que la mitad de los 119 ejecutivos multinacionales con responsabilidad sobre las operaciones de China dijo que la plantilla probablemente mostraría un aumento a finales de 2017 respecto al año anterior. Fusiones y adquisiciones Un consorcio que incluye State Grid Corp de China está entre los postores finales aprobados para una red eléctrica de USD6 mil millones en Australia Nueva Gales del Sur. La empresa china se asoció con Macquarie Group8217s Macquarie Infraestructura y Real Activos Fondo en julio para hacer una oferta para TransGrid en Nueva Gales del Sur, que planea recaudar AUD 20 mil millones de vender un contrato de arrendamiento a largo plazo para operar la empresa y participaciones en dos empresas de distribución de energía Para financiar nuevos ferrocarriles, carreteras, escuelas y hospitales. Cinda Real Estate Co completó el mayor contrato de tierras residenciales del año en Shanghai, superando a más de 10 licitantes rivales para asegurar un complot en el distrito de Yangpu por cerca de CNY7.3 mil millones. Con una superficie edificable de 148.500 metros cuadrados, la oferta ganadora representó un costo promedio de CN.19.150 por metro cuadrado. Esta es la parcela más cara que se vende en Shanghai este año, dijo Lu Wenxi, Gerente Senior de Shanghai Centaline Property Consultants. Los consumidores y sitios web chinos abrazaron el Viernes Negro, la extravagancia de compras estadounidense en la que los minoristas ofrecen grandes descuentos hasta el cuarto viernes de noviembre. Cada vez más sitios web extranjeros están aceptando tarjetas de crédito emitidas por China. Un fuerte dólar estadounidense vinculado al dólar de Hong Kong y los altos alquileres están matando el negocio minorista en Hong Kong, según los últimos informes semestrales de los resultados de dos negocios de pilar del sector minorista de Hong Kong. Sincere Co, el operador de Sincere Department Store, informó pérdidas de los seis meses a finales de septiembre había crecido 34 año-en-año, a HKD93 millones. Luk Fook Holdings, operador de Luk Fook Jewellery, registró un beneficio de 42,6 millones de euros en el período, a 463 millones de dólares, mientras que los ingresos bajaron 7,7 a 6,96 millones de dólares. Ciencia y Tecnología El gasto en RampD de Chinas alcanzó los 1.3 billones de CNY en 2014, 9,9 más que el año anterior, según un informe publicado conjuntamente por la Oficina Nacional de Estadística, el Ministerio de Ciencia y Tecnología y el Ministerio de Hacienda. En los últimos años, los gastos de RampD equivalieron a 2,05 del producto interno bruto (PIB) del país, el segundo año consecutivo por encima de 2. Con el gasto de RampD en más de 1 billón CNY, las empresas fueron el mayor contribuyente. Ocho funcionarios de la Universidad de Comunicación de China han sido castigados por violar las normas de austeridad. El Ministerio de Educación avergonzó a los altos funcionarios por sus coches y oficinas de lujo y por tratar de ocultar la caótica administración financiera de la universidad. Charles Darwins teoría de la evolución por la selección natural no funciona a nivel celular, un hallazgo que podría influir profundamente en la batalla para encontrar una cura para el cáncer, de acuerdo con el estudio conjunto de un equipo de investigadores de la Universidad de Chicago y la Academia China de Ciencias (CAS). Los resultados se publicaron en un documento en las Actas de la Academia Nacional de Ciencias. En lugar de resolver el problema mediante la eliminación de las células mutantes más aptas, hacerlo podría realmente alterar el delicado equilibrio de poder dentro de un tumor, dijo el estudio. El fabricante chino de drones DJI ha lanzado su primer drone diseñado para uso agrícola. El DJI Agras MG-1 tiene ocho rotores y puede transportar más de 10 kilogramos de líquido para rociar los cultivos, con la capacidad de rociar hasta cuatro hectáreas por hora. También se pliega para que sea conveniente y portátil. DJI, con sede en Shenzhen, es el líder mundial en el mercado de los drones civiles con una cuota de mercado de 70 para los aviones de consumo y comerciales. Duzhe Publishing amp Media Co, la editora de la revista más popular de China8217s The Duzhe (The Readers), planea aumentar CNY500 millones en una oferta pública inicial de Shanghai (IPO). La suscripción comenzará el 1 de diciembre. El capital recaudado será utilizado para desarrollar sus títulos de revistas, operaciones de publicación digital y proyectos de publicación de libros. China otorgará una cuota de 50.000 millones de CNY a Malasia en el marco del programa Renminbi de Inversores Institucionales Extranjeros Calificados (RQFII) para fortalecer la cooperación financiera con Malasia. Nikhil Rathi, director ejecutivo de la Bolsa de Valores de Londres (LSE, por sus siglas en inglés), dijo que los trabajos para crear un vínculo comercial entre la bolsa y Shanghai están avanzando, sin revelar un calendario específico. Dijo que algunas cuestiones técnicas siguen siendo solucionadas por los reguladores, y agregó que Londres, como un mercado con una gran liquidez y un amplio alcance global, está deseando ser complementario al mercado chino. Hay 49 empresas chinas listadas en Londres, y 39 bonos denominados en yuanes se han vendido en la bolsa británica, lo que eleva GBP2.2 mil millones. CITIC Securities Co, la mayor correduría de China, exageró algunos de sus derivados financieros en más de CNY1 trillón en informes mensuales de abril a septiembre, dijo la Asociación de Valores de China. La Asociación está investigando el asunto, pero no ha acusado a CITIC Securities de ningún delito, ya que las cifras erróneas no fueron incluidas en las presentaciones financieras trimestrales de CITIC. CITIC dijo que el error fue causado por una actualización del sistema, y las cifras fueron enmendadas a principios de noviembre. Credit Suisse Group, Credit Suisse Funder Securities, recibió la aprobación de la Comisión Reguladora de Valores de China (CSRC) para ofrecer servicios de corretaje en Qianhai, la zona económica especial de Shenzhen. Se espera que la empresa comience a ofrecer servicios a principios del próximo año después de que concluya la creación de su punto de venta en Qianhai. Establecida en 2008, la empresa conjunta es propiedad de Credit Suisse, de 33,3, y el resto es propiedad de su socio Fundador Valores. China ampliará el alcance de su política de entrada libre de visados de 72 horas para impulsar el consumo y dar un nuevo impulso a la demanda interna. El país también mejorará la política de devolución de impuestos para los visitantes extranjeros y acelerará la apertura de más tiendas libres de impuestos en las 18 ciudades incluidas en el programa de visas, que se aplica a los viajeros de 51 países y regiones. Para ser elegibles, los viajeros necesitan reservas posteriores a un tercer país. HNA Group se convertirá en el mayor accionista de la aerolínea de bajo costo de Brasil, Azul Brazilian Airlines, con una adquisición de 23,7 millones de dólares por USD450 millones. Azul, con una flota de 145 aviones, será la séptima aerolínea fuera de China, el HNA Group tiene una participación en, después de Hong Kong Airlines y Hong Kong Express en Hong Kong, Aigle Azur en Francia, Comair en Sudáfrica, Africa World Airlines en Ghana, y myCargo en Turquía. HNA Tourism, una subsidiaria del grupo, también anunció que estaba haciendo una inversión estratégica de USD500 millones para convertirse en el mayor accionista de la compañía de viajes en línea china Tuniu. China tiene ahora 202 aeropuertos civiles, con 35 nuevos que se están construyendo y más de 60 existentes que están experimentando la extensión. El gobierno planeó invertir 50000 millones de yuanes en 193 proyectos importantes de aviación nacional antes de finales de este año. Un puente de HKD133 mil millones de Hong Kong a Macao y Zhuhai faltará su plazo de la construcción 2016 por un año, el gobierno de Hong Kong ha confirmado. La declaración indicó que la finalización del puente será rechazada hasta finales de 2017 debido a la inestabilidad de los suministros materiales y la escasez de mano de obra, así como a los límites de altura de la aviación, los requisitos de protección ambiental y el progreso más lento de lo esperado en la recuperación de tierras. El enlace de 50 kilómetros consta de tres puentes atirantados, dos islas artificiales y un túnel de inmersión de 6,7 km de longitud en la isla de Lantau. El enlace reduciría el tiempo de viaje de Hong Kong a Zhuhai de más de tres horas a 30 minutos. China y Rusia están creando una empresa conjunta en Rusia para fabricar vehículos electromagnéticos para el proyecto de tren de alta velocidad Moscú-Kazan. Los vehículos serán fabricados por Changchun Railway Vehicles Co, una subsidiaria de CRRC con sede en la ciudad capital de la provincia de Jilin. La experiencia china de la filial 8217s en la fabricación del equipo conveniente para las condiciones extremas del frío frío vendrá en práctico para la línea de Moscú-Kazan. MTR Corp, el operador del sistema de metro Hong Kong8217, continuará desarrollando nuevas líneas de metro en Beijing durante los próximos cinco años. Beijing MTR Corp, una empresa conjunta formada por MTR, Beijing Capital Group y Beijing Infrastructure Investment Co, está buscando participar en la construcción de las líneas de metro de Beijing 12 y 17, así como la nueva línea del aeropuerto. Actualmente opera la Línea Daxing, la Línea 4 del Metro de Beijing y la Línea 14. Los presupuestos de viajes de negocios de las compañías chinas han crecido 4,79 año con año. China superará a Estados Unidos para convertirse en el mayor mercado de viajes de negocios del mundo en 2016, con un gasto esperado de 346.000 millones de dólares el próximo año, en comparación con el tamaño del mercado estadounidense de USD319 mil millones, según un informe de CITS American Express Global Business Travel. China y Malasia llegaron a un acuerdo para profundizar la cooperación en infraestructura y discutir proyectos clave, incluyendo una línea de tren de alta velocidad que une Malasia y Singapur durante la visita del primer ministro chino Li Keqiangs. Los dos países también explorarán el potencial para la cooperación en la construcción de una línea ferroviaria en el sur de Malasia y la creación de una alianza que cubra los puertos chinos y malasios con el fin de impulsar el comercio bilateral. Se espera que la línea de alta velocidad que une Kuala Lumpur y Singapur cueste más de 10.000 millones de dólares y reduzca el tiempo de viaje entre las ciudades a sólo 90 minutos de unas ocho horas. El presidente chino Xi Jinping no traerá nuevas concesiones a la mesa de negociaciones cuando asista a las principales conversaciones de la ONU sobre cambio climático en París. Los líderes del mundo iban a Francia para dar un impulso político a la reunión, pero no estaban allí para las negociaciones, dijo el viceministro de Relaciones Exteriores Liu Zhenmin. La conferencia de París no se trata de presentar nuevas propuestas, sino de reducir las diferencias y llegar a un acuerdo sobre la base de las propuestas existentes, dijo. El presidente de Estados Unidos, Barack Obama, se reuniría con Xi el primer día de las conversaciones de París el 30 de noviembre. China impulsó sus relaciones económicas con África firmando 23 acuerdos comerciales por un total de USD930 millones, antes de la visita del presidente Xi Jinpings esta semana. Empresas, entre ellas Sinosteel Corp, Sinochem Group y China Chengtong, acordaron contratos con 50 firmas de Sudáfrica involucradas en industrias como acero, energía, medicina, frutas, vino y textiles, en una ceremonia de firma en Johannesburgo. Noticias cortas. El grupo semanal Zhejiang Geely Holding Group dijo que se dirigirá a los vehículos de nueva energía para llegar a 90 de las ventas en 2020. Aproximadamente dos tercios de las ventas de vehículos de nueva generación de Geely8217 provendrán de híbridos plug-in e híbridos gasolina-eléctricos para finales de La década, con el resto de los vehículos eléctricos de batería, dijo la compañía. China tiene un plazo que obliga a los fabricantes de automóviles a reducir el consumo medio de combustible en sus modelos de 6,9 litros por 100 kilómetros este año a no más de 5 litros por 100 km en 2020. La compañía comenzó a vender su primer coche eléctrico con un precio de CNY228,800 Antes de subsidios gubernamentales de alrededor de CNY108.000. Volkswagen no elevará su participación en su joint venture FAW de 40 a 50 por dos o tres años debido a razones financieras, dijo Jochem Heizmann, presidente y CEO de Volkswagen China. El aumento de la participación aplazada costaría a Volkswagen 5 mil millones. Heizmann dijo que China generalmente no se ve afectada por el software ilegal que Volkswagen usó en sus coches diesel para engañar las pruebas de emisiones en los Estados Unidos, ya que China sólo importa un número muy pequeño. Los expertos apuestan que el yuan será incluido pronto en los Derechos Especiales de Giro del Fondo Monetario Internacional (DEG). Los gestores de reservas de todo el mundo dijeron en una encuesta que preveían que cerca de 10 de las reservas internacionales de divisas se mantendrán en yuanes para 2025, frente a los actuales 0,3, según una nota de investigación de HSBC. Si los derechos de giro son otorgados por la junta directiva del FMI a fines de noviembre, el yuan será la quinta moneda de la canasta, después del dólar estadounidense, el euro, el yen japonés y la libra esterlina. La Comisión Reguladora de Seguros de China (CIRC) y el Banco Central de Rusia firmaron un memorando de entendimiento (MOU) en Turquía en el marco de la Cumbre del G20 para ampliar la cooperación en seguros de turismo, financiamiento para la construcción de grandes proyectos y Control de riesgos y reaseguros, según un comunicado. Japón ha expresado su preocupación a China sobre el ritmo de las salidas de capital del país y ha sugerido que Beijing se mueve muy lentamente en la reforma de su sistema monetario para evitar repetir los errores del pasado de Japón. La caída de las acciones de más de 40 en cuestión de unos meses y la devaluación del yuan actuaron como un recordatorio de la rapidez con la que Beijing podría perder el control de sus mercados si se movía demasiado rápido para abrirse a las fuerzas del mercado. China es el mayor socio comercial de Japón y sus mercados se han vuelto susceptibles a grandes oscilaciones causadas por las decisiones políticas chinas. El Fondo Monetario Internacional (FMI) debería crear una versión digital de su moneda de reserva global que podría ser más ampliamente utilizada en los mercados financieros y de pago de todo el mundo, dijo Yao Yudong, Director del Banco de China8217s Instituto de Investigación de Finanzas y Banca . Además, el papel de los derechos especiales de giro (SDR) debe ser ampliado, dijo Yao. Sus propuestas incluyen establecer un sistema de liquidación entre DEG y otras monedas, y promover el uso de DEG en el comercio mundial, las transacciones financieras, la fijación de precios de los productos básicos y la contabilidad. A medida que China cambia a una versión nueva, más difícil de copiar de su billete CNY100, las versiones más antiguas de la moneda desaparecerán lentamente de la circulación. Las viejas notas serán quemadas en una instalación especial en Yancheng, provincia de Jiangsu, generando electricidad. Los billetes son adecuados para la generación de energía de biomasa gracias a su valor de calor relativamente alto y bajo contenido de humedad. Una sola tonelada genera 1.000 kilovatios hora de electricidad. La policía de Jinhua, provincia de Zhejiang, ha detenido un caso bancario subterráneo que involucra transacciones de hasta CNY410 millones. Es el más grande de su tipo y también el primero en la conversión de yuanes chinos en divisas a través de cuentas de no residentes, informó el Ministerio de Seguridad Pública. Un total de 100 sospechosos de ocho bandas han sido detenidos. El banco de Qingdao Co, respaldado por Intesa Sanpaolo de Italia8217s, está buscando tanto como USD666 millones en una oferta pública inicial de Hong Kong (IPO). Las acciones comenzarán a cotizarse el 3 de diciembre. Seis inversores de piedra angular han acordado comprar acciones que representan más de 60 de la oferta. En los primeros 10 meses de este año, se establecieron 2.628 empresas de capital extranjero en la Zona Franca de Shanghais (FTZ), 22 de todas las empresas recién creadas con capital extranjero en Shanghai. La proporción subió de 5 hace dos años cuando se estableció la zona, lo que indica una mejora de la confianza extranjera en el entorno de inversión de las zonas, dijo Zhu Min, subdirector de la Administración de la FTZ. Las inversiones de salida de las empresas nacionales a través de la ZFI totalizaron 16.800 millones de CNY, representando 41 del total de la ciudad. Entre enero y octubre, 36 instituciones financieras abrieron 36.220 cuentas de libre comercio para clientes. Australia ha bloqueado que las entidades extranjeras compren un negocio de ganadería que, según se dice, posee la mayor explotación privada de tierras del mundo, ya que se encuentra dentro de un área de pruebas de armas. S. Kidman y Co posee 11 granjas de ganado que cubren 101.411 kilómetros cuadrados a través de Australia del Sur, Australia Occidental, el Territorio del Norte y Queensland un área combinada más grande que Corea del Sur. Las compañías chinas de inversión Genius Link Group y Shanghai Pengxin se encontraban en una guerra de licitación para adquirirlo por hasta AUD350 millones. China National Nuclear Corp. (CNNC) ha cerrado un acuerdo de USD15 mil millones con Argentinas Nucleoelectrica, abriendo las puertas para las exportaciones de equipos nucleares que podrían ascender a CNY30 billones. CNNC construirá dos centrales nucleares durante un período de 18 años. La firma ya ha exportado seis reactores nucleares, cinco reactores de fuente de neutrones en miniatura, dos instalaciones de investigación nuclear y un reactor experimental. CNNC invertiría US $ 6 mil millones, o 85 del financiamiento total, en la construcción de la cuarta planta de energía nuclear de Argentina, que se espera tenga una capacidad de 750 megavatios. CNNC también ha firmado un acuerdo marco para proporcionar un reactor de agua presurizada de diseño chino Hualong One para una quinta central eléctrica en el país. El superhéroe japonés Ultraman se enfrenta a una batalla por la propiedad intelectual en China después de que un distribuidor dijo que 99 de todos los juegos móviles con el personaje fueron pirateados. SCLA, una compañía con sede en Shanghai que tiene los derechos de franquicia Ultraman en la parte continental de China, dijo que sólo tres de las docenas de juegos relacionados lanzados en el segundo trimestre fueron autorizados. Cerca de 85.000 personas han sido detenidas desde 2013 por sospechas de violaciones de propiedad intelectual, dijo Xinhua. El Informe Anual de Anticorrupción y Falsificación de China de 2017 es la primera publicación de nation8217s que resume sus esfuerzos, logros y desafíos en la lucha contra la infracción de propiedad intelectual y los productos falsificados. El informe fue producido por el Grupo Líder Nacional contra la Violación de los Derechos de Propiedad Intelectual y la Lucha contra la Falsificación y sus ministerios y organizaciones miembros, así como por grupos provinciales de liderazgo en todo el país. El libro fue publicado en China y en el extranjero, y tendrá una edición en inglés. China manejó 178.000 casos de productos falsificados en 2014, la policía investigó más de 28.000 delitos y los fiscales manejaron más de 18.000 demandas. Los funcionarios locales en China están dudando sobre las aprobaciones de proyectos y acuerdos comerciales, algunos para evitar la atención de una campaña anticorrupción, lo que impide que los gobiernos centrales utilicen el gasto en infraestructura para impulsar el crecimiento económico. Aunque la Comisión Nacional de Desarrollo y Reforma (NDRC) aprobó CNY1.9 billones de proyectos de inversión en los primeros 10 meses de 2017, un estimado de USD45 mil millones de proyectos están atrasados. El consumo de electricidad en China, un barómetro clave de la actividad económica, bajó de 0,2 a 449,1 mil millones de kilovatios-hora en octubre. En los primeros 10 meses, el uso de energía subió 0,7 respecto al año anterior a 4,58 billones de kWh, según la Administración Nacional de Energía (AEN). El uso de electricidad en servicios aumentó 7.1 en los primeros 10 meses, mientras que el sector agrícola registró una ganancia de 3 y el uso por el sector industrial cayó 1.1 respecto al año anterior. El presidente chino Xi Jinping dijo en la décima cumbre del Grupo de los Veinte (G20) en Turquía que la economía china es capaz de mantener una tasa de crecimiento de media a alta y seguirá creando oportunidades de desarrollo para otros países. Xi dijo que la economía china crecerá cerca de 7 este año, equivalente al PIB de un país mediano y mayor que el crecimiento de dos dígitos hace varios años, y continuará contribuyendo hasta un tercio a la demanda mundial crecimiento. China8217s 500 principales empresas privadas han hecho contribuciones significativas en fomentar la innovación, la creación de puestos de trabajo y contribuciones fiscales, de acuerdo con un informe de la Federación China de Empresas Privadas y la Academia China de Ciencias de la Gestión. Clasificó Legend Holdings Corp como la empresa privada líder en China con ingresos operativos de CNY289,5 millones, seguido por Huawei Technologies Co y Suning Commerce Group Co. Gree Electric Appliances8217 Dong Mingzhu ocupó el primer lugar en la lista de empresarias más influyentes en China , Según la revista Fortune. Otras destacadas empresarias de la lista son Chen Chunhua, copresidente y director ejecutivo de la empresa de agroindustria New Hope Liuhe Co, y Wang Fengying, presidente de Great Wall Motor Co. El precio del gas natural al por mayor de Chinas será recortado por un promedio de 28 más tarde month and the government will relinquish much of its control over price setting to let the market decide energy prices. Residential prices, which have not been changed since 2010, will not be changed, but remain lower than non-residential prices. Non-residential gas accounts for around 80 of total consumption. The Chinese government plans a progressive approach to raise the retirement age, Li Zhong, Spokesperson of the Ministry of Human Resources and Social Security (MOHRSS) said. The retirement age would be lifted by only several months each year. The current retirement age is 60 for men, 55 for female white-collar workers and 50 for female blue-collar workers. SOE profits fell 9.8 year-on-year in the January-October period to CNY1.88 trillion, with profits of SOEs under central government control slumping 11.3 to CNY1.35 trillion. Locally administered SOEs posted a 6 drop in profits in the first 10 months. SOEs in the petrochemical, oil refining and construction materials sectors saw sharp profit declines, while the steel, coal and non-ferrous metal sectors continued to suffer losses, but the profits of transport and electronics SOEs continued to improve. Mergers amp acquisitions A potential merger between Sinotrans amp CSC and China Merchants is being discussed. Zhao Huxiang, Chairman of Sinotrans amp CSC, said that not many of our businesses overlap and we are not competitors in most areas, it will be a group level integration. Sinotrans amp CSC would become a subsidiary of China Merchants. Zhao said that the structure of Sinotrans amp CSCs listed platforms wont be changed significantly in the event of a merger. Dalian Wanda Group concluded the merger with World Triathlon Corp, making it the worlds largest sports company. Wanda also purchased Swiss sports marketing group Infront Sports amp Media for 1.05 billion earlier this year, and took a 20 stake in Spanish soccer team Atletico Madrid. Hong Kongs Grade-A office towers are starting to be occupied by mainland Chinese enterprises as they buy en bloc buildings and lease office space in the central business district (CBD) amid rapid business expansion. Their explosive demand for office space spurred rents for Grade-A offices to rise for a tenth consecutive month in October, with the vacancy rate in Central dropping to about 1. Two senior executives of state-controlled property developer Financial Street Holdings, Wang Gongwei and Ju Jin, have been detained as part of a Communist Party investigation over their alleged links to Lu Xiwen, the disgraced former Deputy Party Secretary of Beijing. Financial Street Holdings is the biggest state-owned commercial property developer in Beijings Xicheng district. Swire Properties has sold the last unit at Opus Hong Kong in Mid-Levels for HKD509.6 million, making it the most expensive apartment transaction in Asia. The 5,444 sq ft unit sold is on the 12th and top floor of the three-year-old Opus Hong Kong block at 53 Stubbs Road and includes two car parking spaces and a 1,508 sq ft roof top. The price translates to HKD93,608 per square foot. The property sector will remain an engine for Chinas economic growth over the next decade and serve as a lifesaver amid the slowdown, according to Dalian Wanda Chairman Wang Jianlin. In the next five to 10 years, theres unlikely to be an industry that could replace property as an engine for growth, Wang, who built his empire on property, told the Beijing News. The property sector directly accounted for 12 to 13 of Chinas gross domestic product (GDP), but if related industries such as construction, decoration and building materials were included the figure would be more like 30, said Wang. Prime office rent in Shanghai is likely to rise 6.1 in the next three years which will also see Beijings rent growing by a milder 1.8, global property consultancy Knight Frank predicted. The increases are expected to place Shanghai at No 13 and Beijing at No 19 in the list of the worlds 20 leading business cities. Hong Kong stands at No 8 with a rise of 12 through the end of 2018, according to the Global Cities 2016 Report. Overall office rent in Shanghai rose 5.5 year-on-year in the third quarter. Louis Vuitton has closed one of its two flagship stores in Guangzhou, Guangdong province, as the French fashion house continues to grapple with slow sales in China. It also closed its outlets in Harbin and Urumqi and was drawing up plans to close several others. The store closures will leave LV with about 50 stores across the mainland. Other leading retailers such as Giorgio Armani, Hermes and Versace have been closing shops since 2013. JD, Chinas second-largest e-commerce services provider by sales, plans to expand its mobile initiatives with Tencent Holdings and pursue further strategic investments after recording a 52 year-on-year increase in third-quarter revenue to CNY44.11 billion. Our partnership with Tencents dominant Weixin and Mobile QQ platforms puts JD at the fingertips of virtually every Chinese mobile online consumer, and continues to drive rapid user growth, JD Chief Executive Richard Liu said. The State Administration for Industry and Commerce (SAIC) plans to ramp up inspections of goods bought online, as there are many complaints about low-quality goods on offer. Companies like Alibaba, rival JD and others have been criticized by regulators for enabling the sale of low-quality goods and counterfeit products. The issue has affected e-commerce companies. Merchants found to be selling goods that don8217t meet the regulator8217s standards will be made to stop sales, the SAIC said. The e-commerce platforms on which they operate will also bear responsibility for removing the products. Walmart Stores signed an agreement with China Resources SZITIC Investment Co for the purchase of minority interests in 21 joint ventures. The deal is valued at CNY3.3 billion. The investment closely follows the decision to acquire 100 of Yihaodian, reflecting our belief that Chinese customers want a seamless online and offline shopping experience, said Sean Clarke, President and CEO of Walmart China. New store openings in China have driven up third-quarter sales growth by 2.9. Foreign retailers had a 13.5 share of the Chinese market during the third quarter, a 1 drop from the corresponding quarter in 2014, according to Kantar Worldpanel. Science amp technology Scientists in Shanghai are rewriting the rules of reproduction with a groundbreaking experiment that combined genetic material from two female mice to create healthy offspring. But the researchers said they strongly opposed using the technology to create humans, saying it would give rise to serious ethical and genetic problems. The team, led by Professor Li Jinsong from the Chinese Academy of Sciences Institute of Biochemistry and Cell Biology, genetically modified ovum-derived embryonic stem cells to make them function like sperm, and injected the cells into ova to produce a batch of mouse pups with two genetic mothers and no male involvement. China is conducting tests on its largest and most powerful rocket, the Long March 5, at the Wenchang Satellite Launch Center in Hainan province, with plans to make the first launch before the end of next year. Long March 5, the nation8217s next-generation heavy lift launch system, is nearly 57 meters high, with a diameter of 5 meters. With a liftoff weight of around 800 metric tons, it will have a maximum payload capacity of 25 metric tons in low earth orbit and 14 tons in geosynchronous transfer orbit. The Long March 5 will be used to launch large lunar probes and the manned space station that China plans to send into orbit around 2020. Scientists carried out the last step in testing the retina component of China8217s gigantic radio telescope. After its scheduled completion in September, it will be the largest such telescope in the world. The telescope, 500 meters in diameter and known as FAST, is composed of 4,500 mostly triangular panels with sides measuring 11 meters that create a parabolic shape or hemisphere. CITIC Securities Co, China8217s largest securities brokerage, said Chairman Wang Dongming, 64, is retiring for age reasons, and Zhang Youjun, 50, has been put forward as his replacement, subject to a decision at the next board meeting. Focus Media Holding, the country8217s largest commercial screen-advertising network, will become the first Chinese company to be listed on the domestic A-share market after delisting from the United States Nasdaq stock market. It plans to be listed in the domestic equity market through a reverse merger with Hedy, a move which has in principle been approved by the Ministry of Commerce (MOFCOM). The China Securities Regulatory Commission (CSRC) is working on a stock connect scheme between the Shenzhen and Hong Kong bourses. Authorities will expand the quota of shares that can be traded under a similar program that already exists between Shanghai and Hong Kong, according to Fang Xinghai, CSRC Vice Chairman. The schemes allow investors to trade on both bourses under a quota and are seen as further opening the Chinese capital market. Yirendai, an online consumer finance marketplace, is planning to raise USD100 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE). The peer-to-peer (P2P) lending platform, a wholly-owned subsidiary of online finance firm CreditEase, was set up in 2012 and currently has more than 7 million registered users and has facilitated more than USD10 billion transactions. Trading in yuan-denominated securities has started on the Frankfurt stock exchange, hailed as the first such market outside China. The platform allows investors in Europe to trade securities denominated in yuan. The China Europe International Exchange (CEINEX) is the first yuan market authorized outside China. The China Securities Regulatory Commission (CSRC) announced that 10 of the 28 companies whose IPOs were suspended during the summer market crash will be among the first batch to disclose their IPO prospectuses. New IPOs are expected to be launched this week. Financial authorities released more measures to promote the Beijing-based National Equities Exchange and Quotations (NEEQ), also known as the New Third Board. The new rules include a pilot program that allows NEEQ-listed companies to transfer to the startup-dominated ChiNext board, and the scrapping of a restriction on the number of qualified investors needed when companies seek to offer new shares. A much-anticipated open price-bidding process, however, was not included in the new rules, and the minimal capital requirement of CNY5 million for investors to trade shares of NEEQ-listed companies was not lifted. Guotai Junan International Holdings said Chairman and Chief Executive Yim Fung has been missing since November 18. Ms. Qi Haiying, Executive Director and Deputy Chief Executive Officer, will temporarily act as Chair of the Board until further notice. The company is the Hong Kong-listed unit of Guotai Junan Securities, one of Chinas largest financial firms. German railway company Deutsche Bahn is opening its first international procurement office in Shanghai and has identified some 40 potential suppliers of train products in China. The Shanghai office will help the company to find Chinese suppliers for rail vehicle replacement parts and infrastructure materials. Deutsche Bahn plans to spend 10 billion annually in the next five years. Turkey says it will actively take part in Beijings One Belt, One Road economic and trade initiative, but has cancelled a USD3.4 billion tender for a Chinese-made missile system provisionally awarded to China in 2013. The news came hours after President Xi Jinping arrived in the Turkish city of Antalya for the G20 summit and held a meeting with Turkish counterpart Recep Tayyip Erdogan. Chinese Premier Li Keqiang arrived in Malaysia for an official visit and to attend the 18th China-ASEAN (101) leaders8217 meeting, the 18th ASEAN-China, Japan and South Korea (103) leaders8217 meeting and the 10th East Asia Summit. China has pledged infrastructure loans totaling USD10 billion to Southeast Asian countries and proposed railway and production capacity cooperation. Short news. Weekly Government support lifted Chinas electric car production in October eight-folds year on year to 50,700 vehicles, the Ministry of Industry and Information Technology (MIIT) said. Output of pure electric and plug-in hybrid passenger vehicles in October was 850 and 200 higher, respectively, than a year ago, the Ministry said. In the first 10 months, Chinese carmakers produced 206,900 new-energy vehicles, three times as many as they did in the same period of last year. Government measures included tax exemptions, subsidies and requirements for government bodies to buy green cars. Vehicles in Shanghai already banned from the streets due to their heavy emission of pollutants will have to be scrapped if their owners want to keep their registration and license plate, the city announced. Vehicle owners are instructed to hand in documents with the citys public security authority proving that they scrapped their old vehicles, typically labeled yellow. Both registration and license plate will become invalid if the owner fails to do so by December 31. Once the vehicle is scrapped, the owner can transfer the license plate and registration to a new car. Chinas car market rallied strongly by 9.7 last in October from a year earlier, as the central government halved vehicle purchase taxes for passenger cars with engines below 1.6 liters, the China Association of Automobile Manufacturers (CAAM) said. The rally came after Septembers 2.1 moderate growth, which reversed a three-month drop. The accumulative sales so far this year hit 19.27 million units, up 1.5 year-on-year. But the increase is still short of the 3 annual growth target. The Asian Infrastructure Investment Bank (AIIB) will set up an ethics integrity department to prevent and combat corruption, said Jin Liqun, President-designate of the institution. Employees will be encouraged to report corrupt behavior in the bank, Jin said. The bank will launch its first projects in the second quarter of next year, focusing on electricity, transportation and water supply, as these are in high demand. China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the countrys USD7 trillion card payment market. Fan Yifei, Vice Governor of the Peoples Bank of China (PBOC), told a conference that there are no plans to limit the number of licenses issued to foreign card providers and force them to operate through joint ventures with local partners. The financial industry in Shanghais pilot free trade zone (FTZ) achieved an added value of CNY146.1 billion in the first three quarters of this year, up 27.2 year-on-year, compared with the increase of 18.8 for the whole of 2014. The number of FTZ-based traditional financial institutions rose by 39 to 883 at the end of September, made up of 257 banks, 376 securities companies and 250 insurers. China faces an uphill battle against financial risks over the next five years as it works to internationalize the yuan and overhaul its financial regulatory framework, Peoples Bank of China (PBOC) Governor Zhou Xiaochuan said. Expectations have been mounting for a reshuffle of regulatory bodies, including the central bank and watchdogs overseeing banks, securities firms and insurers, to adapt to the changing business environment. Total bank lending in China may have shrunk by some 42 in the month of October, according to the latest estimates provided by Credit Suisse. This is much worse than the CNY1,04 billion seen in the previous month, wrote Tao Dong, Research Analyst at Credit Suisse. He expects total bank lending to reach between CNY550 billion and CNY600 billion in October. Chinese banks saw their bad loan ratio rise to 1.59 at the end of September. The ratio was 0.09 percentage points higher than that at the end of June, with the value of outstanding non-performing loans (NPLs) rising CNY94.4 billion to CNY1.19 trillion, according to the China Banking Regulatory Commission (CBRC). Despite the NPL increase, the CBRC said the lenders overall capability to offset risks remains stable. The Peoples Bank of China (PBOC) has issued a new version of of the CNY100 banknote on November 12. The new note has better anti-forgery features, but problems surfaced as some ATMs rejected the new banknotes. The Peoples Bank of China (PBOC) and the banking, securities and insurance regulators should combine to form a financial supervisory body, according to Yin Zhongqing, Finance Committee Deputy Director of the National People8217s Congress (NPC). This would allow better oversight of financial institutions with mixed businesses in various markets beyond the scope of any one regulator. Yin8217s suggestion at a forum in Shenzhen was among the first proposals on financial regulatory reform made publicly by a senior official. The yuan had fallen against the U. S. dollar for nine straight days as of November 13, the longest exchange rate decline in the past seven years. The yuan had weakened by 27 basis points to 6.3655 against the U. S. dollar, the longest consecutive-day decline since August 12, 2008. Chinese Overseas Ports officially took control of Pakistans Gwadar Port free trade zone (FTZ), further cementing its role in the Gwader area, a gateway to oil-exporting Gulf countries. Under the agreement, it will manage the FTZ on a 43-year lease. The formal handover signals the Chinese sides control of all the ports business affairs. As part of the China-Pakistan Economic Corridor, China plans to make Gwadar a transportation hub by building a 3,000 km railway linking Xinjiang with Gwadar. Chinas foreign direct investment (FDI) grew 4.2 from a year earlier to CNY54.68 billion in October, according to the Ministry of Commerce (MOFCOM), compared with an increase of 7.1 in September. In the first 10 months of this year, FDI, which excludes investment in the financial sector, totaled USD103.6 billion, up 8.6 from the same period of last year. Foreign investment in the service sector rose 19.4 in the January-October period. The Australian Senate passed two pieces of legislation relating to the China-Australia Free Trade Agreement (CAFTA), clearing the final hurdle to its enactment, which will see an immediate round of tariff cuts, followed by a second round on January 1. The two pieces of legislation passed were the Customs Amendment Bill and Customs Tariff Amendment Bill. CAFTA will also result in the removal of a number of tariffs, such as those on Australian beef, dairy and wine entering China. Chinese customs authorities said that 23 people had been detained after an undercover operation to bust a multi-billion yuan coal-smuggling operation that shipped CNY5 billion worth of the fuel from Vietnam. The detainees were allegedly part of a network that involved 150 people and 20 companies. They smuggled about 5.61 million tons of coal into China from 2013, avoiding CNY491 million in taxes. A research team from Xinhua News Agency filed two patent applications for its Kuaibi Xiaoxin news writing robot system to write sports and business news. The system can write in Chinese and English and was tested for months. A news brief that takes a reporter about 10 minutes to write can be done by the robot in only seconds. President Xi Jinping called for more reform and innovation ahead of the introduction of China8217s 13th Five Year Plan (2016-20). The spirit of reform and innovation must be strengthened and the country8217s governance system should be modernized, he said. China8217s consumption will be a decisive factor in achieving the country8217s next five-year economic growth targets, as its contribution to GDP will continue to increase. The driving power of investment will be relatively weakened, said Yang Weimin, Deputy Director of the Office of the Central Leading Group on Financial and Economic Affairs. Net exports, meanwhile, will be no worse than the current situation, but too fast growth is unlikely in the coming years he added. China will also work to lift 70.17 million rural residents out of poverty in the next five years. The National Bureau of Statistics (NBS) indicated that consumption accounted for 60 of economic growth in the first half of this year, up from 51.6 in 2014 and 48.2 in 2013. The contribution from gross capital formation declined to 35.7 in the first six months of 2017, down from 46.7 in 2014 and 54.2 in 2013. Chinas economic growth is likely to slow to 6.5 next year and cool further to 6.2 in 2017, the Organization for Economic Cooperation and Development (OECD) said. The OECD also noted that real borrowing costs have continued to rise amid persistent declines in factory gate prices, which is squeezing firms profits and increasing their debt burdens. Chinas consumer inflation was weaker than expected in October, while prices at the factory gate fell for a 44th straight month. The consumer price index (CPI) rose 1.3 year-on-year in the month, slowing from a 1.6 rise in September, the National Bureau of Statistics (NBS) said. The deceleration was largely due to the slower growth of food prices, which account for about a third of the CPI basket. Food costs grew 1.9 in October, slowing from 2.7 a month earlier. Prices in the non-food sector, meanwhile, increased 0.9 in the month, down slightly from 1 in September. In the first 10 months, Chinas CPI gained 1.4, while the PPI decreased 5.1. Around 3 million extra babies will be born each year after China abolishes its one child policy to allow all couples to have two children. The rule change will allow 90 million more Chinese women a second child, said Wang Peian, Vice Chairman of the National Health and Family Planning Commission. But half of them are aged between 40 and 49, he added, limiting their desire or ability to bear children. There were nearly 17 million births in China in 2014 and the policy liberalization will see around 3 million extra babies born each year over the next five years. The countrys population, which stood at 1.36 billion last year, would hit a high of 1.45 billion in 2029 China has scant chance of leading the development of next-generation industrial robots as the gap in technological innovation between Chinese makers and their overseas peers is widening, according to industry experts. China has been the worlds biggest market for industrial robots since 2013, but none of the 500 or so domestic manufacturers has any distinct competitive advantage when it comes to their core technology, according to Luo Jun, CEO of the International Robotics and Intelligent Equipment Industry Alliance. Consumer inflation in China fell to 1.3 year-on-year in October, the lowest since May and down from 1.6 in September. The producer price index (PPI), which measures the cost of goods at the factory gate, fell 5.9 year-on-year in October, matching the figures for September and August, which represented a six-year low. The National Development and Reform Commission (NDRC) plans to collect suggestions from foreigners until the end of January on the next Five Year Plan. Foreigners will be encouraged to write columns in various media, and seminars with foreign chambers of commerce will also be organized. Mergers amp acquisitions Anbang Insurance Group has agreed to buy U. S. annuities and life insurer Fidelity amp Guaranty Life for about USD1.57 billion as Chinese insurers seek to expand into the United States. Financial holding company HRG Group, Fidelity amp Guaranty Lifes majority stockholder, has approved the deal, which would make Anbang one of the largest insurers by market share in fixed-indexed annuity products in the U. S. The deal is expected to conclude in the second quarter of 2016. Guangdong Qunxing Toys Joint-Stock Co, one of China8217s largest electronic and battery-operated toymakers, is to take full control of Sichuan Sanzhou SCMP Nuclear Equipment Manufacturing, which is a supplier to the nuclear power, military and petrochemicals industries. Listed on the Shenzhen Stock Exchange in 2011, Qunxing Toys operates across a range of industries, including internet entertainment, culture, education and finance. China8217s housing market grew by a slightly slower pace in the first 10 months of this year, according to the National Bureau of Statistics (NBS). From January to October, sales of new homes, excluding government-subsidized affordable housing, rose 18 year-on-year to CNY5.47 trillion, slightly slower from the 18.2 growth in the first three quarters. The area of homes sold climbed 7.9 from the same period a year ago to 837 million square meters, easing from an 8.2 gain in the January-September period. The mean selling price of new houses in 100 cities monitored by the China Index Academy rose 0.3 month-on-month to CNY10,849 per sq m in October. Singapore-based urbanization and infrastructure consultancy Surbana Jurong said that it has taken a 20 stake in Chinas CITICC (Africa) Holding, which would see it potentially developing 30,000 affordable homes in Africa in the next five years. CITICC is a USD300 million investment platform set up between International Financing Co (IFC), a member of the World Bank Group, and Chinese multinational construction and engineering company, CITIC Construction Co. Sun Hung Kai Properties, Hong Kongs largest developer in terms of market capitalization, expects Hong Kong s home prices to remain stable next year. Even if interest rates rise next year, there wont be a big increase, said Managing Director Victor Lui. Investment bank Jefferies has said home prices will fall 30 next year, taking them back to 2012 levels. Chinese Estates, controlled by fugitive tycoon Joseph Lau, sold the Mass Mutual Tower, a 26-story Grade A office building in Hong Kongs Wan Chai district for HKD12.5 billion, making it the most expensive office building ever sold in Hong Kong. With a gross floor area of about 345,000 square feet, the sale price per sq ft is about HKD36,200. An executive meeting of the Chinese government, presided over by Premier Li Keqiang, decided to issue a package of policies to shore up consumption, including opening more duty-free stores at ports of entry across the country and to import more popular consumer goods. More than 100 million Chinese traveled overseas last year and spent more than CNY1 trillion during their trips, according to the Ministry of Commerce (MOFCOM). Strong demand from Chinese parents for Australian baby formula prompted shopping agents in Sydney to strip shelves bare ahead of Singles Day. The agents, usually Chinese nationals living overseas, typically stockpile the products and sell them at a profit to buyers in China. Shares of China International Capital Corp (CICC) surged 7.39 on their Hong Kong debut as the decision to lift a ban on initial public offerings (IPOs) is likely to improve business prospects for investment banks. Investment banking accounts for 27 of CICCs total revenue. CICC, Chinas first joint-venture investment bank, raised USD810 million last month after it priced its IPO at the top of its indicative price range. The mother of Xu Xiang, Chinas high-flying hedge fund manager now in detention on suspicion of insider trading, has had her shares worth CNY4.3 billion in the retail firm Wenfeng Great World Chain Development and Daheng New Epoch Technology frozen for two years. Xu, 37, the Founder and General Manager of Zexi Investment, was arrested by police on a highway on November 1 on charges including insider trading and stock market manipulation. Global index complier MSCI8217s decision to include some of the United States-listed Chinese stocks in its emerging market index will boost prospects for Chinese technology companies and pave the way for the eventual inclusion of A shares. About 14 Chinese stocks listed in the U. S. including Alibaba Group Holding and Baidu, will be added to the MSCI Emerging Market Index. MSCI will be the first global index provider to include U. S.-listed Chinese companies in its benchmark indexes. The Shanghai Stock Exchange is modifying the rules and requirements for the strategic emerging industries board, a new trading platform targeting high-growth and innovative companies. The market rout in June has delayed an immediate launch of the board. Instead the bourse is planning to roll it out along with the registration-based mechanism for initial public offerings (IPOs). Yao Gang, Vice Chairman of the China Securities Regulatory Commission (CSRC), is under investigation for serious violations of discipline, the Central Commission for Discipline Inspection (CCDI) of the Communist Party of China announced in a statement. Yao, 53, is by far the highest-ranked securities official under investigation as Beijing extends its anti-corruption campaign into the financial industry. The Shanghai and Shenzhen stock exchanges raised deposit requirements for margin trading to 100 from the current 50 effective on November 23, as part of China8217s efforts to curb market volatility. The new rules mean that investors can leverage CNY1 million in their accounts to borrow another CNY1 million from securities brokerages for share purchases. The existing requirement allows them to borrow up to CNY2 million. As of November 12, the total outstanding value of margin loans reached CNY1.16 trillion, up by more than 26 from the recent low of CNY904.1 billion on September 30. Guangzhou has been conducting a trial run of its government-backed Uber-like car-hailing app Ruyue for over three months and is now set to launch it commercially in February. During the testing period, the ride-booking service has been connecting users with an official fleet of about 300 licensed Toyota and Nissan vehicles. Chinese train maker CRRC Corp will put high-speed trains into operation by the end of the year that can run in adverse weather conditions and extremely low temperatures. CRRC said it has received approval from the National Railway Administration for the CRH2G high-speed train, which can operate in temperatures as low as -40 degrees Celsius and also in sandstorms and strong winds. In addition, it can be used at altitudes as high as 3,600 meters. The trains will be used on the Lanzhou-Xinjiang high-speed railway line by the end of the year. China is willing to cooperate with the United States to make joint contributions to deal with climate change and promote global stability and development, Premier Li Keqiang told a visiting delegation led by U. S. House of Representatives Minority Leader Nancy Pelosi, who also made a rare visit to Tibet. China and Laos signed an intergovernmental railway cooperation agreement, planning to introduce a modern rail line in Laos in 2020. Xu Shaoshi, Chairman of National Development and Reform Commission (NDRC), signed the document with Somsavat Lengsavad, Deputy Prime Minister of Laos, at a ceremony at the Diaoyutai State Guesthouse in Beijing. The 418-km line will connect Kunming, capital of Yunnan province, with the Lao capital of Vientiane. The railway8217s average speed is set at 160 kph and 60 of the line will be bridges and tunnels. China will be responsible for 70 of the CNY40 billion investment. China and Mongolia vowed to strengthen efforts on the blueprint for an economic corridor linking the two countries and Russia, following a meeting in Beijing of Chinese President Xi Jinping and visiting Mongolian counterpart Tsakhia Elbegdorj. Cooperation agreements covering infrastructure, energy and financing were signed. Big projects, including the Tavan Tolgoi coal mine, gas and power stations were also discussed. China moreover decided to increase imports of beef and mutton from Mongolia. Short news. Weekly Zhu Fushou, former General Manager of Dongfeng Motor Corp, has been put under investigation for serious violations of discipline. He is alleged to have accepted bribes, infringed on state interests in property deals and taken a larger bonus than Communist Party rules allow. China will soon grant production licenses to new manufacturers of electric cars. Over 10 firms have submitted their applications for the exclusive permit to make new-energy cars, Minister of Industry and Information Technology Miao Wei said in Beijing. For the first time companies without a carmaking background can now apply for car production licenses that had been tightly controlled since 2009. Chinese automaker BYD officially branded its two-year trial run of electric taxis in Hong Kong as a failure. In 2013, BYD Chairman Wang Chuanfu said he expected the company to launch dozens of e6 electric taxis in Hong Kong by the end of that year. He predicted the number would grow to 1,000 by 2014 and 3,000 this year. But BYD has only launched 45 e6 cabs and three charging stations in Hong Kong enough to cover 150 electric cabs. BYD has also made slow progress in pressing ahead with electric buses in Hong Kong, having received only 14 orders so far. The renminbi should play a proper role in the world financial system in tandem with China8217s importance in driving global growth and international trade, senior policy advisers said, as they backed the currency8217s inclusion in the International Monetary Fund8217s Special Drawing Rights basket at the 2nd Understanding China Conference in Beijing. In his keynote speech to the conference, State Councilor Yang Jiechi voiced his appreciation for the countries that have supported the renminbi8217s inclusion in the basket. China raised the daily reference rate of the yuan by the largest margin in a decade, three months after a surprise devaluation. The Peoples Bank of China (PBOC) adjusted the central rate upward by 0.54 against the U. S. dollar. The increase was the largest since 2005 when Beijing unpegged the yuan from the dollar. The yuan rose mainly because the market is responding to an increasing chance for it to be included in the SDR, said Liao Qun, Chief Economist of Citic Bank International. China now allows the yuan to trade up or down 2 from the centrally set daily rate on the domestic foreign exchange market. China8217s local government debt could continue to surge if the government sets an economic growth target above 6.5 in the next five years, Standard amp Poor8217s Ratings Services warned, adding that it is most likely to cut ratings by up to two notches for China8217s building materials, real estate developers, metal and mining and transport industries. It is also likely to cut ratings by one notch for the nation8217s oil and gas, engineering and construction, and capital goods sectors. Zhang Yun, President of the Agricultural Bank of China, is being investigated for corruption. He has been with the bank for more than 30 years and was appointed Vice Chairman, President and Deputy Secretary of the Communist Party Committee at the bank in 2009. By the end of September, the Agricultural Banks outstanding NPLs amounted to CNY179.16 billion, a 43 surge from the end of last year. Its NPL ratio also went up 48 basis points to 2.02. The recent Plenum of the Chinese Communist Partys Central Committee agreed to make the yuan a freely tradable and freely usable currency by the end of the next five year development plan in 2020. British Consul General to Hong Kong Caroline Wilson and Macaos Secretary for Administration and Justice, Sonia Chan signed an agreement allowing MOP 350 million (Macao patacas) in illegal earnings from disgraced former Macao Public Works Secretary Ao Man-long to be transferred from Britain to the Macao government. It is the first time Britain has repatriated proceeds of crime under the UN Convention against Corruption, ratified by Britain in 2006. Ao, who is serving 29 years in jail for corruption and money laundering, had bank accounts in Macao, Hong Kong and Britain. Chinese commercial banks saw a 1.59 rise in the overall bad loan ratio at the end of the third quarter, the China Banking Regulatory Commission (CBRC) said. The 16 listed lenders had accumulated CNY908 billion in non-performing loans (NPLs) by September, according to their earnings reports filed to the stock exchanges. The NPL amount surged 33 from the end of 2014. But Liao Yuanyuan, Deputy Director of the Policy Studies Bureau at CBRC, said that the overall risk of the banking industry is still under control. China has applied to become a member of the European Bank of Reconstruction and Development (EBRD) and the banks board is expected this week to recommend approval of Chinas bid to the banks shareholders. A decision is expected in mid-December. China8217s Vice Finance Minister Zhu Guangyao said that it is worth discussing whether the fiscal deficit ratio should be fixed below the ceiling of 3, indicating the possibility of a more proactive fiscal policy in 2016. A rigid ratio requirement will not benefit reforms or growth, Zhu said. Nuclear plant operator China National Nuclear Corp (CNNC) said it was considering taking a minority stake in French nuclear group Areva. CNNC said it has already inked an agreement with Areva that will cover the entire cycle of nuclear fuel activities, including uranium mining, front end, recycling, logistics, decommissioning and dismantling. Nicaragua has given the green light to HKND Group, a privately held Chinese company, to start work on an ambitious USD50 billion inter-ocean canal project. Major work on the 276-kilometer canal, which will connect the Pacific Ocean to the Atlantic Ocean through the Central American country, is expected to start next year. China National Cereals, Oils and Foodstuffs Corp (COFCO), the country8217s largest food trader, is planning to import 3.5 million metric tons of grains every year through a tie-up with China Shipping (Group) Co. It plans to launch five new shipping services before the end of this year between China and South America. The new lines are expected to be used to transport more soybean, corn, beef and other agricultural products to China. China Shipping is keen to deploy more environmentally friendly Panamax bulk carriers and form an international fleet to work with COFCO. The expansion of the China (Shanghai) Free Trade Zone (FTZ) has brought growing demand for judicial protection, in which civil and commercial cases involving intellectual property are commonly seen, according to a white paper by the Shanghai Pudong New Area People8217s Court. From November 2014 to October, the court handled 6,423 cases involving the FTZ, including 4,947 civil and commercial cases, a more than six-fold increase year-on-year. The sharp rise of commercial cases reflects the increasing demand for judicial protection with the expansion of the FTZ, said Court President Zhang Bin. Buyers at the Canton Trade Fair, which ended last week, saw contract values fall 7.4 from the last fair with attendance also declining. Chinese President Xi Jinping reportedly said that the Chinese economy should grow at least 6.5 yearly for the next five years in order to double both Chinas aggregate GDP and per capita income by 2020 compared with 2010 levels. Justin Lin, Economics Professor at Peking University, said that means that China8217s per capita GDP would reach USD12,000 from the current USD7,000. China8217s ambitious national emissions trading scheme is a game changer in the long term but current power prices and high equipment costs will make it hard for the renewable energy sector to benefit from it in the foreseeable future, analysts said. The new scheme would cover key industry sectors such as iron and steel, power generation, chemicals, building materials, paper-making, and non-ferrous metals. Experimental programs have been introduced to seven provinces since 2012. All provinces, autonomous regions and municipalities in China will issue plans for the reform of the household registration (hukou) system before the end of this year in a move to promote a reasonable flow of the country8217s rural population to urban areas and allow them to enjoy equal rights with city dwellers, Xu Shaoshi, Chairman of the National Development and Reform Commission (NDRC) announced. Allowing more migrant workers to become urban residents is a core target for urbanization, he said. The Chinese government has published guidelines to adapt the management of state-owned enterprises (SOEs). It plans to establish investment firms to manage state-owned capital, separating ownership from management. China will also cut outdated and excessive capacity of SOEs and dispose of inefficient assets. State capital will be removed from some SOEs, while others will be restructured or upgraded. Mergers amp acquisitions China Life Insurance (Group) Co has helped financing the all-cash USD4.55 billion acquisition by Singapore-listed Global Logistics Properties (GLP) of a controlling 66 stake in Industrial Income Trust, a Denver-based industrial real estate trust. More than 40 of goods sold online in China last year were either counterfeits or of bad quality, according to a report submitted to the Standing Committee of the National Peoples Congress (NPC). The report called for accelerated legislation in e-commerce, improved supervision and clarification of consumers rights and sellers responsibilities. Online shopping company Alibaba has rejected government suggestions that it is not doing enough to stop fakes being sold on its platforms. Customer complaints about online orders hit 77,800 last year, a steep jump of 356.6 on 2013. Science amp technology Chinese scientists have moved a step closer to being able to run a nuclear reactor without generating a chain reaction, a development that could remove the risk of a meltdown while also getting rid of nuclear waste in a faster and safer way. The Chinese team experimented with a new approach to resolve both issues by working on proton beams that could potentially be used in a sub-critical reactor. China plans to build a series of world-class universities and disciplines in five years time. The new policy is expected to tackle problems such as redundant construction and lack of competition that were brought about by the current 985 and 211 higher education programs. The 211 project, launched in 1993, aims to build 100 universities for the 21st century. Project 985 was named when then-president Jiang Zemin gave a speech in May 1998, and called for China to build a number of key universities in China. Xu Xiang, General Manager of the Shanghai-based private equity firm Zexi Investment, has been detained and is being investigated by the police on suspicion of insider trading and market manipulation. Analysts said that the case could herald a fresh round of crackdowns on financial crimes. Xu, 37, was considered a legendary investment figure on the Chinese stock market, since his firm managed to repeatedly outperform the market with investment returns exceeding 300. Police arrested several executives of Yishidun International Trade Co, registered in Jiangsu province, and Shenzhen-based futures brokerage China Fortune Futures. They are suspected of manipulating the stock index futures market by using a high-frequency trading strategy and reaping illegal profits of more than CNY2 billion. Europe8217s biggest bank HSBC Holdings has agreed to establish a 51-owned securities joint venture in China with Shenzhen Qianhai Financial Holdings Co. HSBC has an advantage over other foreign banks as it owns a Hong Kong-based banking subsidiary, The Hongkong and Shanghai Banking Corp. Ownership of securities JVs for other foreign banks is capped at 49 and they are restricted to underwriting stock offerings. If approved, it would be the first majority foreign-owned securities company in China, allowed to engage in the full spectrum of securities business. China will resume initial public offerings (IPOs) and end a four-month freeze. The China Securities Regulatory Commission (CSRC) plans to restart IPOs before the year end, Spokesman Deng Ge told a media briefing. Ten of the 28 companies which had gained listing approval before the suspension went into effect would be the first to list, Deng said, adding that these companies have two weeks to prepare for the IPOs. The remaining 18 will go public by the end of the year. More than 600 companies are still waiting to list shares on the Shanghai and Shenzhen stock exchanges. A report that the Shenzhen-Hong Kong stock connect would be launched this year despite widespread market expectations it would be delayed to 2016 caused a brief upsurge in the Chinese and Hong Kong stock markets. The remark was attributed to Zhou Xiaochuan, Governor of the Peoples Bank of China (PBOC), but it was later reported that he made the remarks on May 27, before the stock market slump. The China Securities Regulatory Commission (CSRC) was still working on the scheme and was not prepared to issue a timetable for rolling it out. China started the Shanghai-Hong Kong stock connect in November 2014. Guangzhou Evergrande Taobao Football Club, a five-time Chinese Super League winner, has become the first club both in China and Asia to go public on the stock market. The club issued 375 million shares on the New Third Board. Launched in late 2012, the board has so far attracted about 2,500 firms, with 77 of them in technology and innovative businesses. China Southern Airlines Chairman Si Xianmin is being investigated for serious discipline violations, the Communist Partys Central Commission for Discipline Inspection (CCDI) said on its website. The news has shaken Chinas aviation circles. But many industry insiders said they were not surprised as Si is said to have been under watch over allegations of bribery since an inspection late last year. Global hotel chain Marriott International has unveiled an aggressive expansion plan in China that includes entering more than 20 second and third-tier cities in four years. Marriott already has hotels in 26 Chinese cities. It joins other global hotel groups expanding in China. InterContinental Hotels Group recently said it would double the number of its hotels over the next five years while Carlson Rezidor Hotel said it planned to triple its hotels to 50 by 2019. Chinese President Xi Jinping met former U. S. Secretary of State Henry Kissinger in Beijing. Briefing Kissinger on the 13th Five Year Plan (2016-20), Xi said China will adopt innovation, coordination, green policies and an open and sharing approach to the plan, which will provide more opportunities for Sino-U. S. cooperation. Kissinger also launched the Chinese version of his latest book, World Order, in Beijing. In a meeting with visiting Liberian President Ellen Johnson Sirleaf, Xi said China looks forward to deepening cooperation with Liberia in key areas such as infrastructure, marine transportation, agriculture, fisheries, production capacity and manufacturing. China will also help to improve public health and epidemic prevention systems in Liberia and increase government scholarships for the African nation. Chinese Premier Li Keqiang received a delegation of 220 business leaders from 65 Japanese companies led by Shoji Muneoka, Chairman of the Japan-China Economic Association. Li told the delegation that entrepreneurs should play an important role in improving ties, and he hoped that the business leaders would push the China-Japan relationship in the right direction. Short news. Weekly Shanghais Pudong New Area has slashed the cash subsidy offered to buyers of new energy cars in half to CNY10,000. The change in policy is in line with the national policy. Electric car buyers will still receive a free car plate. During the first six months this year, a total of 14,547 new energy vehicles were sold, up by 888 compared with the same period last year. About one third were purchased from the Pudong New Area. The new policy will apply for vehicles purchased by private users between July 1 and December 31, 2017. At Octobers car plate auction for petrol cars, a total of 170,995 people bid for 7,763 plates with the average winning price around CNY85,424. The Peoples Bank of China (PBOC) is not using quantitative easing (QE) to boost the economy but will instead adjust interest rates and the bank reserve requirement ratio (RRR) to fight deflationary pressure and capital outflow, it said in a statement. The most recent cuts of interest rates and bank reserve requirement ratio are reasonable and necessary monetary policies. These are not a kind of non-conventional QE measures, the PBOC said. As of the end of September, onshore assets of Chinas banking institutions, including commercial banks, policy banks and rural credit cooperatives, rose 15 from a year earlier to CNY188 trillion, the China Banking Regulatory Commission (CBRC) said. Total liabilities of these institutions were CNY174 trillion at the end of last month, up 14.2 over the same period of last year. The Peoples Bank of China (PBOC) has further freed the interest rate market by scrapping the ceiling on deposit rates. A draft report by the staff of the International Monetary Fund (IMF) reached a favorable conclusion on including the yuan in the lenders benchmark currency basket, which already includes the U. S. dollar, yen, euro and pound sterling. Everything is on course technically and there is no obvious political obstacle. The report leans clearly towards including the RMB in the basket but leaves the decision for the board, one of the officials said. The IMF Board is scheduled to make a decision this month. The change would take effect in October 2016. The Standing Committee of the National Peoples Congress (NPC) has begun deliberating the ratification of the Asian Infrastructure Investment Bank (AIIB) agreement, which will lay the legal framework for the bank. The 60-article agreement outlines the financial share of each founding member as well as rules on policy-making, governance structure and business and operational systems. All 57 members of the bank must ratify the agreement by December 31, 2016, to become founding members. The Industrial and Commercial Bank of China (ICBC) and the Bank of Communications (BoCom) both saw their earnings in the first nine months of this year slow from the same period a year ago. ICBC said its net profit grew 0.59 year-on-year to CNY221.8 billion in first three quarters, compared with a 7.3 increase a year earlier. The banks bad loan ratio rose to 1.44 by September from 1.4 by June. BoComs net profit edged up just 1 to CNY52 billion in the nine-month period, slowing from a 5.8 rise in the same period a year ago. The non-performing loan (NPL) ratio at the countrys fifth-biggest bank rose to 1.42 at the end of September. Chen Yulu, President of Renmin University, has been appointed Vice Governor of the Peoples Bank of China (PBOC). The other three current Vice Governors have all worked in commercial banks or have previous experience with the central bank. Chen is also tipped to replace Zhu Min as deputy managing director of the International Monetary Fund when Zhus tenure expires in July next year. Shanghai will continue to be a pioneer in policy and other reforms as it seeks to become a hub of innovation with global influence, Mayor Yang Xiong said at the closure of the 27th forum of the International Business Leaders Advisory Council (IBLAC). Financial reform, which is part of our efforts to support innovation, will be accelerated in the pilot free trade zone in the city, Yang told the forum. Coretronic Corp, a Taiwan-based company that manufactures panels for Apple, is halting production at one of its Chinese factories due to dwindling iPad sales. The plant, located in Nanjing, Jiangsu province, has stopped operations and filed applications to liquidate its assets. It has more than 1,500 employees, and churned out 1 million units a month at its peak. Coretronic is one of the top three panel manufacturers in the world, specialized in making LCD backlight modules and optical devices. It still has six other production bases in China. Chinas biggest shipping company COSCO intends to launch regular freight services through the Arctic Ocean to Europe. The company has only twice sent a vessel through the Northeast Passage, once in 2013 and again when the Yong Sheng merchant ship completed a 55-day round-trip voyage between China and Europe using the Northeast Passage last month. Sailing via the Arctic rather than the Indian Ocean would cut shipping times by as much as nine days. China Zhongwang, the worlds second largest industrial aluminum extrusion manufacturer, rejected accusations by the U. S. Aluminum Extruders Council of violating and evading U. S. import duties. In a filing to the Hong Kong Exchange, China Zhongwang said it has always conducted its export business in accordance with product classification and other relevant rules set by Washington. China Zhongwang said their main export products are not covered by the anti-dumping and countervailing policy on certain U. S. imports of aluminum extrusion products from China set by the U. S. Commerce Department in May 2011. Rising investment in rail links between China and Europe could boost Chinese imports of fresh foods like meat and dairy products, predicts a report from Dutch bank Rabobank. Railway lines built in recent years connecting southern Chinese cities to Europe significantly reduce transport times compared with ocean freight, but they are mainly used to ship industrial and IT products to Western markets, while many wagons return to China empty. 20 of China8217s food imports come from Europe. China currently imports USD6-7 billion of perishable food from Europe each year, mainly pork, dairy, fruit and seafood. Chinese customs have arrested four suspected smugglers and confiscated more than 520,000 bottles of French cognac worth CNY400 million that are believed to have been illegally imported. The suspects were reportedly working for a Shenzhen-based trade company importing Louis Royer X. O Cognac. Japan, China and South Korea held their first ministerial-level meeting on trade in 3 years. The meeting in Seoul brought together Japanese Economy, Trade and Industry Minister Motoo Hayashi, China International Trade Representative Zhong Shan and South Koreas Trade, Industry and Energy Minister Yoon Sang Jick. The three countries account for about 20 of the world economy. The National Development and Reform Commission (NDRC) recently finished a draft version of guidelines against monopolies that result from the misuse of intellectual property rights (IPRs). The final version is expected to be released in June next year. The Chairman of Dalian Wanda group, Wang Jianlin, topped a list of Chinas richest people compiled by business magazine Forbes. Wangs estimated personal wealth has more than doubled over the past year to USD30 billion. The total wealth of the Chinas 100 wealthiest people increased by 20 over the past 12 months. Six people in the top 10 list are from internet-related industries, Forbes said. Wang was also named Chinas richest person in another ranking published by the Hurun Report in August. In the first nine months of the year, profits in the manufacturing sector fell 1.7 year-on-year to CNY4.3 trillion. The rate of decline was slower than the 1.9 dip recorded for the first eight months. In September, state-owned enterprises (SOEs) combined profits fell 24.4 year-on-year to CNY833.9 billion. Among the 41 sectors that comprise the manufacturing industry, profits rose in 30 and fell in 11. Food processing, textile, refinery and chemical firms were Septembers star performers. Chinas official urban unemployment rate was 4.05 at the end of the third quarter, slightly higher than the 4.04 at the end of the previous three-month period. The government aims to create at least 10 million new jobs this year and keep the urban jobless rate below 4.5. China will enforce a strict limit on total coal consumption and continue to cut production, Li Haofeng, Deputy Director of the Coal Office under the National Energy Administration (NEA), said. China will reduce the ratio of coal in its primary energy consumption from 66 this year to around 50 by 2050, said the National Coal Association. Two controversial hydro-electric power stations on the Jinsha River are to be approved and start construction this year. When completed, the 10.2 GW Wudongde and 16 GW Baihetan hydropower projects in Yunnan and Sichuan, together with the Xiangjiaba and Xiluodu hydro-electric power stations which began generating last year, will produce twice as much power as the Three Gorges Dam. When finished, Baihetan will be the second largest and Wudongde the fourth largest power station in China. Non-local entrepreneurs and venture capitalists will be granted hukous, or permanent residence permits, much earlier than before under a special privilege program starting next month, the Shanghai Human Resources and Social Security Bureau said. The entrepreneurs have to meet certain standards and should have lived in the city for two to five years. Under the new policy, a startup entrepreneur who owns over 10 of shares in his or her company, which is registered in Shanghai, can apply for permanent residency immediately. Taiwans gross domestic product (GDP) dropped by 1.01 in the July-September period year-on-year, the first contraction in six years, prompting the government to announce a NTD4.08 billion stimulus package to boost domestic consumption. Chinas manufacturing activity shrank for the third straight month in October but the contraction was flat from September. The official Purchasing Managers Index (PMI), stood at 49.8 last month, the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) said. Mergers amp acquisitions Chinese online travel company Ctrip International announced a tie-up with rival Qunar and its backer Baidu through a share swap. Under the deal, Ctrip will own roughly 45 of Qunar, and Baidu will take a 25 stake. Ctrip has a market valuation of USD10.6 billion, while the smaller Qunar is valued at USD5.2 billion. Such mergers are becoming increasingly common in Chinas tech sector as a way of dealing with fierce competition between rival companies. Australias fourth-largest meat processor Bindaree Beef Group has sold a 45 stake in its business to Chinese company Shan Dong Delisi Food Co. The deal is worth upward of USD105 million. Bindarees decision to sell nearly half its stake in the business to its Chinese-based rival would open up greater opportunities for Chinas middle class to access Australian beef. Jin Jiang has acquired 81 of Keystone Lodging Holdings for more than CNY8.26 billion. Keystone Lodging is well-known for its budget hotel chain 7 Days. With this acquisition, Jin Jiang became China8217s biggest hotelier and moved into the global top five. Earlier this year, Jin Jiang acquired Europe8217s second-largest hotel group Groupe Du Louvre for up to 1.21 billion. The China Mergers amp Acquisitions Association and the German Federal MampA Association said they plan to establish a fund with an initial capital of 1 billion to better serve merger and acquisition activity between the two nations. Cooperation offices will also be opened in Beijing and Munich, which are expected to provide companies with services including risk evaluation, identifying potential business partners, financing and legal assistance. The fund will focus on supporting MampA deals particularly in the intelligent equipment, consumer products, medical care and financial services sectors. Tsinghua Unigroup is buying 25 of Powertech Technology for USD600 million, becoming the largest shareholder in the Taiwan chip packaging and testing company. Powertech said the move will help grow its global market share as a chip assembler and tester, and allow it to vertically integrate with the semiconductor business of Tsinghua Unigroup. The deal still needs to be approved by Powertech shareholders and regulatory authorities. Ping An Insurance (Group) Co, the country8217s second-largest insurer, has formed a USD600 million fund with Blumberg Investment Partners to make real estate investments in the United States. The two companies plan to invest in long-term, high-quality U. S. leasing assets. Most of these investments will be in New York City, the metropolitan New York area, central area of the Atlantic coast, northwest of the Pacific coast, Florida, Atlanta, and Colorado. Science amp technology In a groundbreaking experiment, Chinese scientists at the Shanghai Institutes for Biological Sciences led by Professor Jing Naihe have used human embryonic stem cells to nurse back to health mice afflicted with Alzheimers disease. A team in Shanghai found that by transplanting neurons derived from the cells they could reverse their cognitive degeneration. Alzheimers causes a general decline in brain activity, characterized by memory loss and difficulty in speaking, due to neuron damage in the brain. China International Capital Corp (CICC), the countrys first joint-venture investment bank, has launched its initial public offering (IPO) in Hong Kong, seeking to raise up to HKD6.28 billion. The IPO will list on the Hong Kong stock exchange on November 9. CICC plans to use almost half of the proceeds to develop equity sales and trading, fixed income, currencies and commodities businesses. The bank will spend 20 of the proceeds on wealth management and another 20 to raise its global influence. CICC, set up by Morgan Stanley and China Construction Bank in 1995, has already secured orders from 10 cornerstone investors. Fang Xinghai has been appointed Vice Chairman of the China Securities Regulatory Commission (CSRC), replacing Liu Xinhua, who is set to retire. He will be responsible for international business at the CSRC. Fang was the major driver behind Shanghais ambition to become a global financial center when he served as Director of the Shanghai Financial Service Office between 2007 and 2013. Shanghai Pudong International Airport has been banned from adding new flights and routes after its flight punctuality fell behind that of other major Chinese airports. The Shanghai airport had an on-time departure rate of just 51 in August. It ranked alongside Hangzhou and Tianjin as the three worst-performing airports among 48 surveyed. About 64 of flights at Beijing Capital International Airport left on time. Three Chinese companies are planning bids for Starwood Hotels amp Resorts Worldwide, which operates the Sheraton, Westin and W hotel chains, in what could be the biggest-ever Chinese take-over of a United States company. Shanghai Jin Jiang International Hotels (Group) Co, HNA Group and sovereign wealth fund China Investment Corp (CIC) are competing for the deal. A company associated with Air China has emerged as the 8th largest shareholder of China Southern Airlines, pointing to a possible merger of China8217s two largest state-owned airlines. China National Aviation Corporation (Group), a wholly-owned subsidiary of Air China8217s parent, China National Aviation Holding, appeared on the list of the 10 largest shareholders of China Southern holding 49 million shares when the latter reported third-quarter results. That stake represents 0.5 of China Southern8217s total shares. Air China and China Southern issued statements saying they were not aware of the plan. Chinese Premier Li Keqing attended a summit with leaders from Japan and South Korea in Seoul on November 1. Discussions on a long-awaited free trade agreement and strategies for deeper economic integration were on the agenda. It was the first such summit in three years after such meetings were halted due to disputes over wartime history and territorial issues. Li also paid a three-day official visit to South Korea. China and South Korea signed 13 agreements prior to the summit meeting. leaders of China, the Republic of Korea and Japan said that cooperation between the three countries had been completely restored. President Xi Jinping plans to visit Vietnam this week amid heightened tension in the South China Sea that has weighed on bilateral ties. Xi will also visit Singapore on November 6-7.
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