China Trade Fair .org

QQ Messenger in English, French and Japanese

Mounir — Sun, 29 Aug 2010 10:48:13 +0000

If you’ve been to China before, there is a high chance that you know about QQ, China’s favorite online messenger with more than 500 million registered accounts, the largest and arguably the most powerful virtual online community in the world! For a couple of years now or so, QQ has also been available in [...]

Beijing Trade Fair to attract Chinese investors abroad

Mounir — Sun, 29 Aug 2010 10:23:48 +0000

by —Paul A. Ebeling, Jnr

Representatives of multinational companies, international organizations and financial institutions from more than 120 countries will gather at a Trade Fair in Beijing to persuade Chinese investors to go overseas.The 2nd China Overseas Investment Fair, approved by the National Development and Reform Commission, will be held in China World Trade Center on [...]

China to Let Exporters in Some Areas Deposit Forex Overseas

Mounir — Fri, 27 Aug 2010 12:41:41 +0000

BEIJING—China will start allowing exporters to keep some of their foreign-currency earnings offshore, beginning a new relaxation of the nation’s currency controls that could eventually slow its buildup of foreign-exchange reserves and reduce pressure on the yuan to appreciate.

The trial program announced Friday by the State Administration of Foreign Exchange eases the so-called “surrender requirement” [...]

McDonald’s Claims a First for China

Mounir — Fri, 27 Aug 2010 03:27:04 +0000

From the makers of the Big Mac comes a small bond deal that is making bankers giddy as kids with a Happy Meal.

McDonald’s Thursday became the first nonfinancial foreign company to launch a yuan-denominated bond in Hong Kong, according to Standard Chartered PLC, the Asia-focused U.K. bank that underwrote the deal. The bank [...]

China’s Alibaba Expands Travel Unit

Mounir — Fri, 27 Aug 2010 03:21:08 +0000

China’s Biggest E-Commerce Site Aims to Take on Its Competitors With Cheaper Ticket Prices By LORETTA CHAO

BEIJING—Alibaba Group, which operates China’s biggest e-commerce site, said it is expanding its travel business to include international-airline-ticket sales, and plans to take on China’s largest online travel company.

Taobao.com, Alibaba’s retail website, on Wednesday began selling tickets online for international [...]

Banks back switch to renminbi for trade

Mounir — Fri, 27 Aug 2010 02:53:57 +0000

By Robert Cookson in Hong Kong

A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China.

HSBC, which recently moved its chief executive from London to Hong Kong, and Standard Chartered, are offering discounted transaction fees and other [...]

The People’s Bank of China – english web site

Mounir — Tue, 24 Aug 2010 12:51:53 +0000

English web site for The People’s Bank of China.

China Dlr-Yuan Parity Set Lower At 6.7999

Mounir — Tue, 24 Aug 2010 12:47:03 +0000

BEIJING (MNI) Aug 23- 2010 – The People’s Bank of China set the yuan’s central parity rate at 6.7999 to the U.S. dollar on Tuesday, lower than the previous trading day’s central parity of 6.7989.

Today’s parity was set below the record high of 6.7685 on Aug.9.

The yuan finished at 6.8003 against the U.S. dollar on [...]