Article Abstract:
Shanghai's GDP per capita will rise from US$3,000 at present to US$5,000 in 2000. This figure will close to medium-sized developed countries' by 2001. The government is putting efforts on developing information, finance and high technology industries. In the coming 3 years, the government will focus on developing infrastructure and other strategic industries, construction airport and deep water port. Enterprises mergers, acquisition and enterprises participation in international competition will be encouraged. *
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China: GDP per capita of Shanghai will rise from $3,000 at present to $5,000 in year 2000
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Article Abstract:
The securities law is expected to be ready by the end of 1998. Beijing exerted pressures on working comprehensive security legal framework for guiding the development of China's securities sector and imposing regulations to related sectors. However, debates were going on in stock status in different classes which held by the state or state institutions. The study would be focus on publicly traded shares, funds such as traded mutual funds and corporate debt. *
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China: Beijing exerts pressures on working comprehensive security legal framework for guiding dvlpmt of securities sector
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Article Abstract:
The State Development Bank (SDB) offers RMB5 bn financial bonds with an annual interest rate at 5.19%. It allows the bonds to be trade in interbank market. It will not use central bank, other banks, and postal savings institutions to distibute the bonds, but underwriters. Commercial banks with minimum registerd capital of RMB1 bn and insurance companies can purchase the bonds from the underwriters. *
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Offers RMB5 bil financial bonds with an annual interest rate at 5.19%
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