Chapter 5 services sector of forex

1.Guandbuy Group Plans Four Logistics Bases On 24 April, the National Development and Reform Commission announced the Plan for the Adjustment and Revitalisation of the Logistics Industry. According to industry sources, details on the implementation of this plan will be unveiled in the second half of this year

2.Hong Kong and Macau Doctors Can Now Sit for Mainland Qualifying Exams The Ministry of Health recently announced the Administrative Measures for Medical Practitioners of the Hong Kong and Macau Special Administrative Regions to Obtain Mainland Medical Practitioner Qualifications Through Accreditation and the Administrative Measures for Medical Practitioners of Taiwan
3.Growth in Demand for Logistics Services Eases in 2008 Growth in the demand for logistics services has slowed down significantly in 2008, with the growth rates for major economic indicators falling to varying extents. According to the National Bulletin on the Operation of the Logistics Industry 2008

4.Access Threshold Lowered for Inbound Tourism Market The Regulations on Travel Agencies due to go into force on 1 May this year have made an across-the-board revision of the former Administrative Regulations on Travel Agencies

5.Boost Consumption through Sales Promotions and Exhibitions: MOFCOM The Ministry of Commerce (MOFCOM) recently published a document, entitled Opinions on Making a Success of Commercial Conventions and Exhibitions to Promote Consumption

6.Hong Kong and Macau Residents may Engage in Advertising Production in Guangdong After 1 January 2009, individually-owned businesses set up by Hong Kong and Macau residents in Guangdong are allowed to engage in building cleaning, advertising production, trade brokerage and commission agency (excluding auction)

7.Longjing Tea Approved for Trademark Registration As announced by the industrial and commercial administration bureau of Zhejiang province, relevant departments of the state have just given the green light to the registration of the geographical indications of "Longjing tea" as trademark

8.Hong Kong-invested Service Projects in Guangdong Buck Trend with Rise Although the total number of newly approved Hong Kong-invested projects in Guangdong has fallen sharply under the weight of the global financial crisis in recent months, service projects are bucking the trend with an increase According to the statistics of Guangdong Provincial Economic and Trade Commission, 4,479 Hong Kong-invested projects were approved during the first 10 months of 2008, 14.54% down from the same period of the previous year. In cont

9.EU Recognises Equivalence of Chinese Accounting Standards The European Securities Committee (ESC) made up of representatives of EU member states voted on the equivalence of third country accounting standards on 14 November 2008. It was decided that during the transitional period from 2009 to 2011, the EU will allow Chinese securities issuers to adopt Chinese accounting standards

10.Financial Crisis Brings New Opportunities to Service Outsourcing Sector The global financial crisis, while creating uncertainties for China's economic growth, has also brought new opportunities to China's service outsourcing sector

11.Better Shopping Protection under Guangzhou's New Tourism Rules The Tourism Regulations of Guangzhou recently passed by the city will come into effect on 1 December 2008. Under the new rules, industry players will face greater risks but the rights and interests of travel agents

12.Shanghai Department Stores Offer Personalised Customer Service A new type of customer service, with "dedicated customer service managers" accompanying you all the way when you make purchases, informing you of new arrivals

13.Changsha to Encourage Service Outsourcing Changsha is revising its policy of encouraging service outsourcing. Under the new plan, service outsourcing enterprises with headquarters in the city will be awarded up to Rmb5 million in subsidies

14.Impact of Hangzhou Bay Bridge on Ningbo's Logistics Sector The Hangzhou Bay Bridge officially opened to traffic on 1 May 2008. An analysis of the present condition of the major ports in the Yangtze River Delta region

15.Dongguan Establishes Business Development Fund In a move to actively develop modern commercial services, the Dongguan city government has established a commercial circulation sector special development fund. Starting from 2006, the city government would

16.Guangdong Liberalises Market Access for Services Guangdong has passed the Implementing Opinions on Expediting the Development of Guangdong Province's Services Industry, and has also considered and passed in principle the Regulations on Implementing and Auditing Guangdong Province's Budget (Draft)

17.Effective IPR Protection for Shanghai Expo Licensed Products To coincide with the World IPR Day, the Shanghai World Expo Coordination Bureau and several other organisations recently gave an update on IPR protection work of the 2010 event

18.Pilot Launch of Advance Tax Filing on Service Trade External Payment The State Administration of Foreign Exchange and State Administration of Taxation have issued a joint circular regarding the launch of advance tax filing on service trade external payment on a pilot basis

19.Shanghai Plans "Animation Valley" for Zhangjiang According to Shanghai Zhangjiang Cultural and High-Tech Creative Industry Base, some 200 creative companies have moved into Pudong so far, with business revenue exceeding Rmb3.5 billion

20.Lower Threshold for Hong Kong Doctors Practising on Mainland The signing of CEPA V and the measures promulgated by the Ministry of Health (MOH) at the end of 2007 are clear indications of the mainland's position in further opening up its medical services market to Hong Kong doctors