Archive for the 'hong kong' Category

• 05.30.08 Chinese People and Their Mobile Phones: 6 Telecoms to Merge Their Assets
  
  "China has told its six telecommunications companies to merge their assets, allowing fixed-line carriers to expand into wireless services and creating three operators that will offer phone and Internet connections to 1.3 billion people. Under the plan, the parent of China Telecom will buy a mobile phone network from the parent of China Unicom, which in turn will merge with the company that controls the China Netcom Group, the Ministry of Industry and Information said in a statement on Saturday. China will issue three third-generation wireless licenses after the overhaul is completed, it said..."  read on
  
  posted in population, market, japan, korea, industry, hong kong, economics, wealth, information technology, china, mobile
• 05.06.08 Living in China: Shanghai foreigner influx doubles in five years
  
  "The number of expats living in Shanghai and those working in local foreign-invested enterprises almost doubled from 2002 to 2006, according to a Shanghai Federation of Trade Unions report released recently. Issued every five years, the report said there were a total of 119,876 expatriates living in the city in 2006, compared to 61,610 in 2002. The number of expats working in foreign-invested companies in the city increased from 40,076 to 76,873 over the same period..."  read on
  
  posted in macao, taiwan, salary, finance, real estate, living, china, shanghai, trade, hong kong, trends
• 05.06.08 Living in China: Shanghai heads list of expats’ favorite cities
  
  "Shanghai maintains the highest quality of life on Chinese mainland for Asian expats, but environmental pollution problem is still a concern, according to the latest survey. The Location Ranking Survey, conducted by one of the world's largest human resources organizations, ECA International, ranked Shanghai in 11th place in Asia and 78th in the world in terms of expat living conditions. The city retained its top spot among the 13 cities in Chinese mainland that included Beijing, Nanjing, Tianjin, Shenzhen, Guangzhou and Xiamen..."  read on
  
  posted in health, real estate, macao, living, hong kong, china, shanghai, beijing, environment
• 04.05.08 Chinese People and Their Mobile Phones: China starts 3G commercial trials in 8 cities
  
  "The parent of China Mobile (0941.HK: Quote, Profile, Research), the country's top wireless operator, have started commercial trials of a homegrown third-generation wireless standard, TD-SCDMA, in eight cities on April 1, state media said recently. Shares in several Hong Kong-listed equipment vendors, including China Communications Services Corp Ltd (0552.HK: Quote, Profile, Research) and China Wireless Technologies Ltd (2369.HK: Quote, Profile, Research), rose on Friday, as investors anticipate heavy spending on telecoms gear. The commercial trials will help to improve TD-SCDMA technology, as well as provide better mobile services during the Beijing Olympics, according to Xinhua News agency."  read on
  
  posted in hong kong, industry, market, beijing, shanghai, information technology, china, wireless, mobile
• 01.28.08 China, Socialism & Consumer Behavior: Second Largest Billionaire Population
  
  "The total number of billionaires in China has risen to second place in the world, just behind the US, Yangcheng Evening News reported recently: The 2007 top 500 Chinese magnates list was recently released in Hong Kong, the combined wealth of the 500 magnates exceeds 4,342.6 billion yuan (US$ 587 billion). The number of Chinese magnates with more than one billion dollars in assets has reached 146, compared to 85 last year..."  read on
  
  posted in real estate, macao, taiwan, market, living, hong kong, wealth, socialism, china, trade, economics
• 12.26.07 Internet in China: more than 70% Hong Kong households connected to internet
  
  "More than 70 percent of Hong Kong households have a personal computer connected to the Internet, strengthening the city's status as one of the world's leading digital hubs: Hong Kong's Census and Statistics Department said that the figure represents a slight rise on last year when 71.7 percent of households had a computer and 67.1 percent had it connected to the Internet. The survey conducted in mid-2007 found 1,671,600 households, or 74.2 percent of all domestic premises in Hong Kong, had a personal computer. Of them, 94.5 percent had their computers connected to the Internet, representing 70.1 percent of the city's households..."  read on
  
  posted in hong kong, china, information technology, trends, internet
• 11.29.07 Study finds data security in China below world average
  
  "China lags behind global levels of information security and the gap is in the policy environment and business awareness - not in technology, PricewaterhouseCoopers said yesterday in Shanghai. Chinese firms lack protection of privacy, intellectual property and internal control, according to the fifth annual Global State of Information Security Study 2007 jointly conducted by PWC, CIO Magazine and CSO Magazine..."  read on
  
  posted in hong kong, research, software, shanghai, china, intellectual property, information technology
• 11.27.07 Shanghai the 8th most expensive Asian city for expats
  
  "The cost of living in Shanghai is catching up with more expensive locations in the region such as Hong Kong and Taipei, according to the latest global cost of living survey. The ECA cost of living survey listed Shanghai in 100th place among the top 300-plus most expensive cities in the world, up 23 spots from last year. Shanghai was also one position higher than Singapore among Asian cities, which ranked at 122nd place globally, according to the report."  read on
  
  posted in beijing, hong kong, living, shanghai, china, culture, trends, wealth
• 11.08.07 Internet in China: Alibaba.com largest IPO since Google went public
  
  "Alibaba.com, the largest business-to-business portal in China underwent its first day of public share trading in Honk Kong, and the results exceeded all expectations, as the price tripled, raising $1.5 billion. The public offering is expected to raise nearly $2 billion in Hong Kong, making its debut offering as large as Google’s 2004 I.P.O. in the United States. "We are pleased to welcome investors from Hong Kong and around the world to join us in building a world-class e-commerce company," said Jack Ma, non-executive chairman of the company and chairman and chief executive officer of Alibaba Group..."  read on
  
  posted in google, alibaba, taobao, united states, market, hong kong, trade, e-commerce, economics, wealth, information technology, china, internet
• 11.07.07 China Enacts National Competition Law
  
  "Culminating a 13-year drafting process, on August 30 the Standing Committee of the National People's Congress enacted China's first competition law, the Anti-Monopoly Law ( [Fan Longduan Fa] ). It prohibits discriminatory and anti-competitive practices by local administrative and public bodies against products, business operators and investors from other parts of China, and Fines for monopoly agreements and abuses of dominant position may range as high as one to ten percent of the wrongdoing company's total sales volume in the relevant market during the previous year..."  read on
  
  posted in macao, industry, taiwan, united states, market, hong kong, trade, wealth, socialism, china, intellectual property, economics

subscribe to the hong kong category and receive updates by RSS