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Tuesday, December 19, 2006

Guangdong Development Bank completes share transfer to new holders


Guangdong Development Bank completes share transfer to new holders
The Guangdong Development Bank (GDB) has announced the completion of its share transfer to new shareholders including the Citigroup.

Bad asset backed securities sell out
China's first batch of bad asset backed securities, new investment products to help dispose of the country's massive non-performing loans (NPLs), were sold out in one week, according to two asset management firms.

Electrophysics Jade LR Offers Powerful Long Range Surveillance and Tracking Capabilities Qualified
... state-of –the-art 14-bit digital electronics integrated in a compact and waterproof ...

Cellink Introduces Wireless Handheld Bluetooth Phone for Skype Users
... products for cellular technology and consumer electronics markets, today announced an advanced wireless phone for Skype ...

1.47 dollars drop in OPEC oil prices
The Organization of Petroleum Exporting Countries (OPEC)'s weekly average crude oil prices dropped 1.47 U.S. dollars to 57.59 dollars per barrel last week, the cartel's secretariat said on Monday.

Maersk: Lowering logistics' costs key
Editor's note: According to Steffen Schiottz-Christensen, managing director of Maersk Logistics (China) Ltd, by 2008, China will account for more than 10 per cent of global trade. China's logistics market is already the third largest worldwide in terms of spending.

Chinese SOEs not to transfer state-owned shares to social security fund
The State-owned Assets Supervision and Administration Commission (SASAC) will not agree to transfer state-owned shares to social security funds, because enterprises in certain sectors must be absolutely controlled by state-owned capital.

Tom, eBay to team up
The top Chinese wireless Internet service provider Tom Online is planning a 51-49 joint venture with the Chinese arm of US e-commerce giant eBay Inc, according to reports on sina.com.

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