Friday, February 27, 2009

JING HUA TIMES Finance News Highlights

1. The 1000 Fou drums (Fou is an ancient Chinese instrument discovered thousands of years ago in Shanghai) used in the 2008 Beijing Olympics are going to be publicly auctioned next month. 33

2. A Branch of Beijing Industrial and Commercial Bank offers a one-stop service (no evaluation and guarantee fees) for applying for mortgages on second-hand houses. 34

3. Bank of China announced yesterday its newly-opened department for small and medium-sized enterprises; this is the first financial department that serves this target group. 34

4. The board of Southern Airlines passed a 3 billion RMB capital proposal yesterday. 35

5. The USA allocated funds for facilitating the approval of the proposal against Chinese poultry imports. China shows strong dissatisfaction. 34

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