Monthly Archives: October 2016

Cover of October 2016

201610

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Table of Contents of October 2016

  1. Cover story

Social Enterprise World Forum

  1. Economy outlook

Chinese consumption market forecast to be stable

  1. Financial strategy

Lam Research Service Co. Ltd gave up purchasing KLA-Tencorr

  1. Legal spotlight

The pilots for “the market purchasing” trade mode

  1. Point of interest

Hakka Romantic Avenue

  1. Portrait

Li Ka-shing

  1. Remark from editor

Social enterprise: not just social responsibilty

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Social Enterprise World Forum

Participating in the Social Enterprise World Forum (SEWF) increases Taiwan’s visibility and allows it to demonstrate its contributions to the international community, Taiwanese Premier Lin said today after a briefing by the Ministry of Labor (MOL) on the 2016 SEWF in Hong Kong. Continue reading

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Chinese consumption market forecast to be stable

On October 20, the Head of the MOFCOM Department of Market Operation and Consumption Promotion introduced the operation situation of the consumption market in the first three quarters of 2016. Continue reading

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Lam Research Service Co. Ltd gave up purchasing KLA-Tencor

On October 5, Lam Research Service Co. Ltd (hereinafter referred to as Lam) announced to give up purchasing KLA-Tencor, and applied to the Chniese Ministry of Commerce (MOFCOM) to recall the market consolidation declaration on October 8. Continue reading

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The pilots for “the market purchasing” trade mode

Recently, the Chinese State Council distributed Opinions on Promoting Steady and Sound Development of Foreign Trade(the State Council〔2016〕No. 27, hereinafter referred to as the Opinion). According to the Opinion, the Ministry of Commerce will work with National Development and Reform Commission, the Ministry of Finance, General Administration of Customs, State Administration of Taxation, State Administration for Industry & Commerce, General Administration of Quality Supervision, Inspection and Quarantine, and State Administration of Foreign Exchange to incorporate five markets (Changshu International Clothing Business Center,Guangzhou Huadu Leather Market, Shandong Linyi Engineering Materials Market, Hubei Wuhan Hankou North International Commodity Trade Center and Hebei Baigou Luggage Market) into the third batch of pilots for “the market purchasing” trade mode. Continue reading

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Hakka Romantic Avenue

Taiwanese government is set to launch its plan to develop 16 Hakka towns along Provincial Highway No. 3 next year, Premier Lin Chuan said today at Taipei’s Hakka Yimin Festival, adding that the development of Hakka culture and communities is very important to President Tsai Ing-wen and the Executive Yuan team. Continue reading

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Li Ka-shing

Mr. Li Ka-shing is the Chairman of CK Hutchison Holdings Limited and Cheung Kong Property Holdings Limited.

Mr. Li was born in 1928 in Chiu Chow, a coastal city in the southeastern part of China. Mr. Li was forced to quit school when he was 12 and fled to Hong Kong with his family to avoid the perils of war. Shortly thereafter, his father suffered from tuberculosis and passed away in Hong Kong. Before he was 15, Mr. Li had to shoulder the responsibility of providing for his family and found a job in a plastics trading company where he labored 16 hours a day. By 1950, his hard work, prudence and his pursuit of excellence had enabled him to start his own company, Cheung Kong Industries. From manufacturing plastics, Mr. Li led and developed his company into a leading real estate investment company in Hong Kong that was listed on the Hong Kong Stock Exchange in 1972. Cheung Kong continued to expand by acquiring Hutchison Whampoa and Hongkong Electric Holdings Limited (renamed Power Assets Holdings Limited) in 1979 and 1985 respectively. Continue reading

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Social enterprise: not just social responsibilty

Cheming Yang

Nowadays, few will argue against the existence of corporate social responsibility. There was a time when the world was still debating about whether businesses should bear social responsibility. Milton Friedman is the most well known champion of the no answer. Friedman was an American economist who received the 1976 Nobel Prize in Economic Sciences. Friedman takes a shareholder approach to corporate social responsibility. This approach maintains the goal of the firm is to maximize profits and reward its shareholders for the risk they took in investing in the firm. The shareholders can then decide for themselves what social initiatives to take part in. Continue reading

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