Launch of e-dictionary aids learners
A NEW tool for language learners became available as of yesterday with the launch of a new website, HungryForWords.com, which provides digital flashcards.
Pact to help China Shipping prosper
THE China Shipping Company (CSC), one of the nation's three major con-tainer carriers, on Sunday signed an agreement with France's CMA CGM which will see 50 new container ships put into use on a container line jointly operated by the two shipping giants.
'No growth' forecast for cargo market
INSIDERS predict the composite freight index for China's shipping market will not rise in the upcoming after-the-festival slack season.
Exhibition business faring well
EXHIBITIONS will provide fresh impetus for the growth of bilateral trade and economic development between China and Germany, a senior German trade fair official said.
Show scheduled to boost boat industry
A STATE-supported group is seeking ways to develop China's boat industry.
CCB kicks off salary reform
PERFORMANCE-related salaries and comprehensive reform of auditing procedures applied to the bank loans approval system are among policy focuses for the China Construction Bank (CCB) for the new year.
ICM confident in the China market By Song Ning THINNING hair caused by
Shanghai's drinking water and an apartment that is never free from
TV advertising to play bigger role
AN authoritative analysis released recently said the global advertising outlay would show a 6.5 per cent surge on a year-on-year basis in 2000, but warned continuous inflation in the global market could devalue the increase to some extend if growth slowed.
Housing fair planned for April
A housing fair featuring properties at the top end of the market - Rexpo Shanghai ‘2000 - is to be staged at Shanghai International Convention Centre (SHICC) in early April.
Foreign firms key to e-business
By Huo Yongzhe
CHINA's Internet-related business start-ups should better utilize the financial aid provided by foreign venture capital, a recent conference on Internet financing was told. "Foreign venture capital can not only provide those fund-starved business start-ups access to financial aid but also help them lift their business operations in a number of ways," said Sing Wang, executive director of Goldman Sachs, an investment banking services provider in the global financing market. The conference series, held on Friday and hosted by GCG Asia - a conferencing company focusing on investment in Asia's Internet industry - will be continued in Beijing and Taipei beyond. Wang said the introduction of successful venture capital to a high-tech startup would tremendously add to its value and improve its management expertise and business models. But the problem of fund-raising was still considered to be a bottleneck by most Chinese high-tech business start-ups in the process of further business expansion. So far, China has launched several State-owned venture capital firms, such as the Shanghai Venture Capital Investment Co, but the limited amount of funds they have been assigned and the limited management experience are far from enough to support the growth of all the business start-ups. Commercial banks are sometimes reluctant to deliver loans to the start-ups to ease financial risks and the occurrence of bad loans. To win the preference of the foreign venture capitalists, Chinese high-tech enterprise start-ups should try to elevate their own vision to a world level so as to be compliant with the venture capitalists' demands, said Siew Wing-Keong, president of H&Q Asia Pacific (Hong Kong) Ltd, which runs a number of venture investment projects in China. The venture capitalists should keep an eye on the small and medium-sized enterprises where they can get more and more opportunities, said Siew. "After all, China has an enormous market potential which creates a very favourable business opportunity for us," said Eric Rosenblum, chief operating officer of ChinaNow.com. He believes there would be more and more Internet companies likely to be initial public offerings (IPOs) on international financial markets, such as Nasdaq.
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