China to simplify foreign exchange rules on FDI

2013-May-13 Shenzhen Daily CHINA’S foreign exchange regulator will this month simplify the rules governing foreign direct investment (FDI), the latest step towards deregulation and market reform under China’s new leadership. The State Administration of Foreign Exchange (SAFE) will abolish 24 regulations regarding foreign exchange registration, account openings, remittance, and conversions, the agency said in an…

Shenzhen lingerie-makers hold group exhibit

2013-May-13 Shenzhen Daily MORE than a dozen Shenzhen lingerie-makers exhibited their top products and told stories of their brands at a lingerie fair that ended yesterday at Shenzhen Convention and Exhibition Center, as the city’s underwear trade association prepares to build the brand of Shenzhen-made intimate apparel. The three-day Shenzhen International Brand Underwear Fair, covering…

Shenzhen may pilot disaster insurance program

2013-May-13 Shenzhen Daily SHENZHEN is preparing to pilot a catastrophe insurance program that would fill in a gap in insurance coverage in China, the Shenzhen office of the China Insurance Regulatory Commission (CIRC) announced Thursday. An insurance working group recently met in the city to discuss the catastrophe fund’s establishment, scope of coverage and premium…