FBC China

Public holidays in 2010 PDF Print E-mail
Written by Oskar Helling   
Thursday, 31 December 2009 09:55
New Year: 1-3 Jan.
Chinese New Year: 13-19 Feb (Saturday, 20 Feb & Sunday, 21 Feb will be working days)
Tomb-sweeping Day: 3-5 Apr
Labor Day: 1-3 May
Dragon boat festival: 14-16 Jun (Saturday, 12 Jun & Sunday, 13 Jun will be working days)
Mid-autumn festival: 22-24 Sep (Sunday, 19 Sep & 25 Saturday, Sep will be working days)
National Day: 1-7 Oct (Sunday, 26 Sep & Sunday, 9 Oct will be working days)
  • New Year: 1-3 Jan.
  • Chinese New Year: 13-19 Feb (Saturday, 20 Feb & Sunday, 21 Feb will be working days)
  • Tomb-sweeping Day: 3-5 Apr
  • Labor Day: 1-3 May
  • Dragon boat festival: 14-16 Jun (Saturday, 12 Jun & Sunday, 13 Jun will be working days)
  • Mid-autumn festival: 22-24 Sep (Sunday, 19 Sep & 25 Saturday, Sep will be working days)
  • National Day: 1-7 Oct (Sunday, 26 Sep & Sunday, 9 Oct will be working days)
 
“Team Finland” wins 3rd leg of the Clipper race PDF Print E-mail
Written by Oskar Helling   
Wednesday, 16 December 2009 15:04
In the morning of December 16th the Finnish yacht “Team Finland” entered the harbor of Gerladton-Greenough in Western Australia. The ship, lead by Eero Lehtinen narrowly beat its closest rival “Spirit of Australia” by only half an hour. This third leg had started from Cape Town, South Africa in late November.
This victory puts “Team Finland” in a good position as it already before this leg lead narrowly over its Australian rival. The next leg of the race will bring the fleet to Qing Dao, China around the 20th of February. Altogether the around the world race which started in Humber, UK, will have 7 legs. The race is expected to end when the fleet arrives back to its starting point in July 2010.
Source and more information: www.clipperroundtheworld.com

In the morning of December 16th the Finnish yacht “Team Finland” entered the harbor of Gerladton-Greenough in Western Australia. The ship, lead by Eero Lehtinen narrowly beat its closest rival “Spirit of Australia” by only half an hour.

This third leg had started from Cape Town, South Africa in late November. This victory puts “Team Finland” in a good position as it already before this leg lead narrowly over its Australian rival. The next leg of the race will bring the fleet to Qing Dao, China around the 20th of February.

Altogether the around the world race which started in Humber, UK, will have 7 legs. The race is expected to end when the fleet arrives back to its starting point in July 2010.

Source and more information: www.clipperroundtheworld.com

 
Helsinki - Design Capital of the World PDF Print E-mail
Written by Oskar Helling   
Thursday, 26 November 2009 00:29

Helsinki has been chosen as the design capital in year 2012.

The Dutch town of Eindhoven was the second city in close race.

Helsinki applied for the title together with neighboring cities, Espoo and Vantaa. Altogether 46 cities from 27 countries applied for the title.

The title of Design Capital of the World is awarded every second year.

Source: YLE TekstiTV

 

Last Updated on Thursday, 26 November 2009 00:35
 
China battles hot capital - again PDF Print E-mail
Written by Oskar Helling   
Thursday, 26 November 2009 23:44

COMMENTARY: After three years of slow appreciation the Chinese Central bank stabilized the USD/CNY ratio at 6.83 in August 2008. Now the debate is about when the current "peg" will break.

The other day Shanghai Daily reported that the central bank had imposed new rules limiting the splitting of individual foreign exchange transactions. These tricks were used to circumvent the USD50k annual limit on individual influx of foreign currency to China. This measure is yet another signal of the Central Bank's battle against hot capital and the increasing debate on when and how the current peg of CNY to USD will be broken.


Last Updated on Monday, 30 November 2009 22:05
 
New Rules For Rep Offices PDF Print E-mail
Written by Oskar Helling   
Wednesday, 25 November 2009 12:49

CHINA FOCUS COMPARES OLD AND NEW DRAFT REGULATIONS OF SETTING UP REPRESENTATIVE OFFICES IN CHINA. 

A Representative Office ("RO") is often the first step for foreign companies to enter the Chinese market as it gives them a legal presence to conduct (limited) business in China.

The regulations governing RO date back to 1983 ("1983 Provisions"). The State Administration for Industry & Commerce has recently released a draft of new regulations ("Draft Provisions") and we would like to highlight some main aspects.

Last Updated on Wednesday, 25 November 2009 12:54
 
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