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BOC, ICBC considering branches in Taiwan
Bank of China Ltd (BOC) and Industrial &Commercial Bank of China Ltd (ICBC) are vying to be the first of the mainland’s lenders to open branches in Taiwan after the two sides agreed to widen access to each other’s financial industries.
BOC, the mainland’s third-largest lender, said yesterday it would apply [...]

Top economist warns of asset bubbles
A Chinese economist has warned that the country’s soaring property prices and equities were “signs of asset bubbles,” owing to excessive liquidity.
The Economic Information Daily reported Tuesday that Wu Jinglian, an expert with the Development Research Center of China’s State Council, or Cabinet, said excessive lending and liquidity would be [...]

Skoda’s success as sales surge

The Fabia Jingrui subcompact has registered strong sales, confirming Skoda’s strategy of tightly focusing on specific market segments.
A strong first half performance enabled Czech brand Skoda to hit its 2009 China sales target of 100,000 vehicles in early November, a full seven weeks ahead of schedule.
Owned by Volkswagen Group and made [...]

Coal-to-electricity plan to expand
A seven-year plan to replace polluting coal-fired heaters inside the Second Ring Road ended on Saturday, with 160,000 families switching to electricity or gas.
Authorities are subsidizing the cost of electricity in order to encourage the use of cleaner heating sources in central areas like Dongcheng, Xicheng, Xuanwu and Chongwen districts.
They have also [...]

Domestic rice bran oil production to expand
China, the world’s largest rice producer and consumer, will expand production of rice bran oil to help ease shortages of edible oil supplies, a company executive said.
China, also the world’s largest edible oil consumer, has to rely on imports for 66 percent of its needs, even though a large [...]

Chang’an deal signals new wave of consolidation
China’s automotive industry might now be the world’s biggest, but it also one of the most fragmented.
Yet if Chang’an Motor Corp’s landmark acquisition of Aviation Industry Corp of China’s (AVIC) major auto assets last week is a sign of things to come, a new round of consolidation has now [...]

Beijing office market reports a welcome rebound

Beijing’s Central Business District is a hub of Grade A office buildings. Rentals of high-grade office property in the capital city are increasing. [CFP]
Beijing’s office market saw a steady recovery in the third quarter, with the demand from large domestic firms remaining strong and that from the multinational companies [...]

Supervision stressed on insurance investment
China should enhance supervision and management of the country’s insurance investment, said Li Kemu, vice chairman of the China Insurance Regulatory Commission (CIRC) on Sunday. 
“With insurance funds were extended into disparate fields, other than bank deposit, demand for a better supervision and risk control enhanced, said Li at the International Finance [...]

Airlines get nod to set fuel surcharge
Chinese airlines will be able to set their own fuel surcharges, subject to a government-set ceiling, from Saturday, the country’s top economic planner said yesterday.
The National Development and Reform Commission (NDRC) announced a mechanism that links jet fuel prices and fuel surcharges for domestic routes and scrapped a unified [...]

Eximbank may get capital shot soon
China Eximbank, a wholly State-owned policy lender, may get a capital boost from the government as early as January next year to help kickstart its long-awaited restructuring process, sources with knowledge of the matter said yesterday.
China Central Huijin Investment Co, an investment arm of the nation’s sovereign wealth fund, will [...]