Archive for June, 2008

Cross-strait investments to be deregulated

The Cabinet yesterday approved a spate of measures to deregulate securities investments across the Taiwan Straits, including allowing qualified domestic institutional investors (QDIIs) in China to invest indirectly in Taiwan’s stock exchange market and opening exchange traded funds (ETFs) listings between Taiwan’s and Hong Kong’s stock exchanges.
The Cabinet also scrapped the requirement that foreign institutional [...]

France’s BNP Paribas to double China staff within 2 yrs

BNP Paribas SA, French banking group with strong positions in Asia, plans to double the number of its employees to 650 in mainland China by 2010, as part of its global expansion plan, according to market sources.
The largest bank in France won approval from the China Banking Regulatory Commission (CBRC) in April to locally incorporate [...]

Beijing To Have 3G Mobile Service But With Hiccups

China has long promised that third-generation mobile phone technology will be available at the Beijing Olympics, but international travelers shouldn’t expect seamless service.
The two 3G standards widely available in the rest of the world are unlikely to work in Beijing, experts say, meaning visitors will be faced with the choice of either getting a new [...]

BMW X6 sports coupe to hit China market in July

The all-new sports coupe BMW X6 will come to China’s mainland market on July 4 as the imported car. BMW confirmed that the XD35i 3.0 version powered by a twin-turbocharged engine will go on sale at first with a selling price at 970,000 yuan ($141,230). Customers can order the car now with a deposit of [...]

Telstra buys stakes in Chinese Internet firms

Telstra Corp Ltd , Australia’s largest telephone firm, expanded its presence in the Chinese online advertising market with majority stakes in two Internet businesses.
Telstra said it had taken 55 percent stakes in auto site operator Norstar Media and in Autohome/PCPop, which operates an auto site and digital device site.

Tags: Real-Estate

China Telecom Americas expands network with Cisco IP NGN

Because it builds its services with Cisco equipment and technologies, China Telecom Americas has become a Cisco Powered Program member with service designations in multiprotocol label switching-based IP virtual private network and carrier ethernet.
China Telecom Americas currently operates multiple super points of presence that aggregate traffic across North America. China Telecom America’s backbone expansion includes [...]

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