Monthly Archives: January 2012

Cover of January 2012

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Table of Contents of January 2012

1. Cover story

President Ma re-elected

2. Economy outlook

Secured supply of agricultural and side-line products to Hong Kong

3. Financial strategy

Ping An announces capital financing plan

4. Legal spotlight

Joint efforts to rectify illegal collection of charges by big retailers from suppliers

5. Point of interest

MGTO participated in the Chinese New Year Night Parade in Hong Kong

6. Portrait

Another rising star

7. Remark from editor

After the election

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President Ma re-elected

Taiwan’s incumbent president Ma, Ying-jeou, won a second term in elections on the 14th of January. Ma beat opposition leader Tsai Ing-wen by more than five percent. His victory is seen as a mandate to keep peace with Beijing while managing wealth-distribution issues at home. Continue reading

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Secured supply of agricultural and side-line products to Hong Kong

Mr. Zhong Shan, Vice Minister of Commerce of China and Deputy China International Trade Representative, headed a delegation to Hong Kong. The delegation included responsible officials from AQSIQ, HKMAO and Provincial People’s Government of Guangdong and representatives from enterprises and food suppliers. Vice Minister Zhong held talks with Mr. John Tsang Chun-wah, GBM, JP, Financial Secretary, Mr. Gregory SO Kam-leung, JP, Secretary for Commerce and Economic Development, and Dr. Yokk Chow, GBS, JP, Secretary for Food and Health. Vice Minister Zhong also held forums to listen to the HKSAR Government and the industries. The delegation surveyed the market as well. Continue reading

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Ping An announces capital financing plan

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or “the Group”, HKEX: 2318; SSE: 601318) recently announces its Board has approved a capital planning proposal for the issuance of Convertible Bonds (CB) in the A-share market for a total amount of no more than RMB26 billion. The proposal is subject to approval by the Group’s shareholders at an Extraordinary General Meeting (EGM) and approval by regulatory authorities including the China Insurance Regulatory Commission (CIRC) and the China Securities Regulatory Commission (CSRC). The implementation of the proposed issuance will depend on market conditions as well as the progress of regulatory approval. Continue reading

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Joint efforts to rectify illegal collection of charges by big retailers from suppliers

On January 10th of 2012, Ministry of Commerce, National Development and Reform Commission, Ministry of Public Security, State Administration of Taxation and State Administration for Industry and Commerce held jointly a video conference to arrange work concerning rectification of retailers’ illegal collection charges from suppliers. Vice Minister of Commerce Jiang Zengwei, Vice Director of NDRC Peng Sen and Vice Director of SAIC Zhong Youping attended and addressed the conference. Continue reading

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MGTO participated in the Chinese New Year Night Parade in Hong Kong

To celebrate the joyful Year of the Dragon, Macau Government Tourist Office (MGTO) presented the “Touching Moments Experience Macau” float at the “2012 Cathay Pacific International Chinese New Year Night Parade”, which was organized by the Hong Kong Tourism Board in the evening of the first day of Chinese New Year (23 January). Continue reading

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Another rising star

Bo Xilai, ethnic Han, native of Shanxi Province, born in 1949. Graduated from the Graduate School of the Chinese Academy of Social Sciences with Master of Arts in international journalism. Joined the Communist Party of China (CPC) in 1980. Bo is the son of Bo Yibo, one of the Eight Elders of the CPC. Married to Gu Kailai, a prominent lawyer, in 1986. They have one son, Bo Guagua. Bo got his reputation with his work in Liaoning. The following is a sketchy bio of Mr. Bo. Continue reading

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After the election

Cheming Yang

The presidential election frenzy in Taiwan is finally over before the Chinese new year holidays. The incumbent President Ma got re-elected as most predicted. However, not without a fierce fight. The opposition from the Democratic Progressive Party is quite impressive. With the campaign dragging on for over half a year, the economy in Taiwan almost stalled as reflected from the rise and fall of the stock market. Continue reading

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