China Business – Senior Chinese official urges state-run publishers to resist vulgarity

Date: 2010.09.03 | Category: Chinese Mandarin, Chinese Online Class, Chinese School, Chinese Tutor, Chinese language, Learn Chinese Class, Study Chinese, learn Chinese, learn Chinese online, learn Mandarin online, learn mandarin | Response: 0

Li Changchun (2nd L), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits the 17th Beijing International Book Fair in Beijing, capital of China, on Aug. 31, 2010. (Xinhua/Pang Xinglei)

A senior Chinese official Tuesday urged state-run publishing houses to resist vulgarity.

Li Changchun, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a visit to the 17th Beijing International Book Fair.

Li also urged Chinese publishers to expand their share of the international publishing market.

Li said state-run publishing houses should reform their structures of ownership to increase their competitiveness and expand their international market share.

The official also encouraged Chinese publishers to create more publications.

He also urged them to resist vulgar and kitsch works both in print and in electronic media.

The book fair, co-sponsored by the General Administration of Press and Publication, the Information Office of the State Council and other government departments, has attracted nearly 2,000 publishing and distribution companies from more than 58 countries and regions.

Li Changchun (C), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, talks with an Indian publisher as he visits the 17th Beijing International Book Fair in Beijing, capital of China, on Aug. 31, 2010. (Xinhua/Pang Xinglei)

Li Changchun (2nd R Front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, visits the 17th Beijing International Book Fair in Beijing, capital of China, on Aug. 31, 2010. (Xinhua/Pang Xinglei)

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Chinese School – Chinese Hong Kong, Russia to strengthen direct links

Date: 2010.09.02 | Category: Chinese Mandarin, Chinese Online Class, Chinese School, Chinese Tutor, Chinese language, Learn Chinese Class, Study Chinese, learn Chinese, learn Chinese online, learn Mandarin online, learn mandarin | Response: 0

Russian President Dmitry Medvedev (L) meets with Donald Tsang Yam-Kuen, chief executive of China’s Hong Kong Special Administrative Region, in Moscow, capital of Russia, Aug. 31, 2010. (Xinhua)

Russian President Dmitry Medvedev and Chief Executive of China’s Hong Kong Special Administrative Region (HKSAR) Donald Tsang Yan-Kuen voiced their support here on Tuesday for the development of more direct links between Russia and Hong Kong.

Tsang arrived in Moscow by the first ever direct commercial flight run by a Hong Kong airline.

Tsang noted that after the lifting of visa restrictions in July 2009, two-way travels between Russia and Hong Kong rose by 100 percent.

“I am certain this flow will be increasing further,” he was quoted as saying by local news agencies.

“The updating of the relevant listing rules in June this year would facilitate the listing of (Russian) mining and resource companies in Hong Kong,” said Tsang.

He also encouraged Russian companies to issue RMB bonds in Hong Kong, and welcomed Russian banks to set up branches in Hong Kong and make use of the RMB clearing and settlement system.

Tsang was accompanied by 30 Hong Kong businessmen who were interested in cooperation with Russia.

“I hope that your meeting here in Moscow, including with members of the business community, will be useful,” said Medvedev.

The Russian president also invited Tsang to discuss the further advancement of bilateral cooperation as well as some key international issues.

Russian President Dmitry Medvedev (1st R) meets with Donald Tsang Yam-Kuen (3rd L), chief executive of China’s Hong Kong Special Administrative Region, in Moscow, capital of Russia, Aug. 31, 2010. (Xinhua)

They both saw great room for cooperation in terms of academic and cultural exchanges, information technology and environmental engineering.

Prior to his arrival, Tsang had said Hong Kong was “the ideal place” to sell the stock packages of Russian companies.

“I am sure many of our businessmen will seek possibilities to take part in privatization of Russian state assets as they have already done it in the Chinese mainland,” said Tsang.

“They have money, so they will follow with attention which assets Russia offers for sale,” he said.

“In current conditions our market is better than that in London, ” Tsang said.

Russian aluminum giant RusAl held IPO in Hong Kong in early 2010. Twenty more Russian companies were considering the option of IPO in Hong Kong.

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learn Chinese – China’s listed banks first-half net profit up 46 pct

Date: 2010.09.01 | Category: Chinese Mandarin, Chinese Online Class, Chinese School, Chinese Tutor, Chinese language, Learn Chinese Class, Study Chinese, learn Chinese, learn Chinese online, learn Mandarin online, learn mandarin | Response: 0

China’s listed banks reported a 45.67-percent rise in combined net profits year on year during the first half.

Combined net profits of the 16 listed banks reached 343.4 billion yuan (50.5 billion U.S. dollars), according to figures in their first-half business reports released by the banks.

Shanghai Pudong Development Bank (SPD) said late Sunday in a statement filed with the Shanghai Stock Exchange that its first-half net profits rose 33.92 percent due largely to a lending boom and increased commission fees, reaching 9.08 billion yuan.

Bank of Beijing announced Sunday its first-half net profit jumped 33.47 percent year on year to hit 3.9 billion yuan.

Of the 16 listed banks, the Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of China (BOC), and Agricultural Bank of China (ABC), or the “big four” commercial banks, accounted for 74.5 percent of the total net profits, with ICBC being the top earner reporting 84.6 billion yuan of net profit.

Three other banks, including the Bank of Communications, China Merchants Bank, and China CITIC Bank, had reported net profits exceeding 10 billion yuan each.

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