In this joint venture, Shanghai will pay 51 million Yuan for holding 51% of share and Hong Kong will take the rest of the shares which is 49%, the joint venture was named “Shanghai Hong Kong Airport Management Co. This stake structure would remain unchanged for 20 years from 2010.

Han Zheng, the mayor of the Shanghai municipal government, said Shanghai hoped the cooperation would allow the instruction of a sophisticated service and management experience at Hongqiao Airport, enabling it to develop into a highly competitive airport.

Tang Ying-Yen, chief secretary for Administration of the Hong Kong Special Administrative Region government, said it valued and supported the airport project of the two cities, and he believed both sides could benefit from the platform.

The Shanghai government proposed strengthening the economic ties between Shanghai and Hong Kong in 8 sectors including airport, logistics and the world Expo.

The statement also said Hongqiao Airport was building a new terminal that is scheduled to be completed next year, with that the Hongqiao Airport will be expand to 364,000sqm from 82,000sqm.

The airport aimed at 30 million passengers’ flies and 1 million tons of cargo a year by 2015. in 2008, the airport handled 22.9 million passengers and 415,700 metric tons of cargo.

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However, as the old saying goes that Rome wasn’t built in a day. In order to set up a high efficiency and highly profitable R&D center, there should be several key features. To begin with, the R&D center might hire the employees who know the research area well and undertake any requirements from the headquarter. Secondly, the leader of the R&D center should own the strategic vision, which means that he or she must know the cutting edge of the technology and work out the method to carry out the new ideas; at least they should have enough experience. Thirdly, as the development of the enterprise and the theory of the enterprise management, the employees who work in R&D center should understand not merely the business, but also master the communication skills and management science. Above are factors contributed to the progress of the R&D centers.

Although we cannot estimate how long will the financial tsunami last, we can imagine that it is a trend for joint-ventures to open their R&D centers in China.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.

The Consul-General said he was impressed by the level of Australians’ engagement in Macao’s economy, working in fields ranging from the hospitality, gaming, construction, infrastructure, transportation and food and beverage sectors.

James Packer, Australia’s richest man, has set up a joint venture, Melco PBL Entertainment, with Lawrence Ho, son of Macao gaming magnate Stanley Ho, and has built the Crown Macao, a six-star casino resort. And a larger integrated casino resort project initiated by Melco PBL is under construction in the city at present.

In addition, statistics released by the Consulate-General show that between 2006 and 2007, Australia’s merchandise trade with the SAR was worth 632.2 million patacas ($79 million), and Australian’s direct exports to the SAR amounted to 565.1 million patacas ($70.6 million) while imports from Macao’s to 67.1 million patacas ($8.4 million).

“We estimate more than 2,000 Australians live in Macao and expect that number will continue to increase,” said Luck.

The deal, according to Mexico’s Deputy Economy Secretary Carlos Arce Macias, will consolidate a juridical framework more favorable for investments, and will provide juridical guarantee for investments and contribute to the increase and diversification of investments to attract more countries to invest in Mexico.

Meanwhile, it is expected to improve conditions for foreign direct investments, help attract more foreign productive capital and provide better conditions for Mexican investors.

The agreement will be signed in July during President Felipe Calderon’s visit to China.

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The plant is to be built in three stages and the total investment is estimated to reach $4.5 billion. In the joint venture, the aluminum producer Chalco will own a 40% stake to become the largest single shareholder. Syed Mokhtar Al-Bukhary-backed MMC will hold a 20% share while a consortium of local investors led by the Saudi Binladin Group will hold the remaining stake.

The smelter plant is to be located in the Middle East country’s Jizan Economic City (JEC), where electricity costs an average of $20 per megawatt-hour compared with $28 in the US and $40 in China for the same measure. The annual aluminum production capacity of the plant is expected to reach one million tons.

In addition, an associated 1,860mW power plant with an estimated $2 billion will also be built, in which Chalco will take a 20% stake to become the third largest shareholder.

As an agent for CIGNA &CMC’s insurance policies, CMB has earned 66.39 million yuan in service fees from the company during the first 11 months of last year.

This new step, aiming to improve the bank’s revenue structure and sharpen its competitive edge, must first be approved by the China Banking Regulatory Commission and the China Insurance Regulatory Commission.

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The new company has a registered capital of 19 billion yuan, with its largest shareholder being the State-owned Assets Supervision and Administration Commission of the State Council. Other shareholders with different stakes are the Shanghai State-owned Assets Supervision and Administration Commission, AVICⅠ, AVICⅡ, Baosteel, Aluminum Corp of China and Sinochem Corp.

By this move, China Commercial Aircraft Co Ltd aims to manufacture passenger jets with at least 150 seats, strengthening its competitive edge over Boeing and Airbus in the fast-growing aviation market. And its first aircraft are scheduled for takeoff by 2020.

Above all, the company will be to develop an operating structure and a research and development center which is to be based at the Shanghai branch of the First Aircraft Institute under the China Aviation Industry CorporationⅠ.

The institute currently employs 700 staff, who previously designed the 50 to 60-seat MA60 turboprop aircraft and the 70 to 90-seat ARJ21 regional jet. And such experience obtained in the development of these smaller aircraft will lay a solid foundation for the development of larger planes.

With this alliance, netizens can use Google’s translation service on Kingsoft’s popular English-Chinese dictionary software PowerWord that has estimated 30 million users. Moreover, Google’s web search and photo search services will be embeded in the new dictionary service, which will carry both Kingsoft and Google logos. According to Google, the two companies will share the online advertisements revenue.

It is a new approch of Google to compete with smaller local companies, such as Baidu.com on China’s online ad sales market and customer preference. This alliance will also help Google expand its user base in China and even make it a software client similar to Tencent’s QQ.

Since last year, Google has been making efforts to furthur fit into local market by partnering Chinese companies, like China Mobile, China Telecom. As a result, Google’s market share in China has grown by 0.9% in the first quarter of this year.

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Minsheng said it would take 60% of the venture, while Royal Bank of Canada, the country’s biggest lender, would control 30%. Three Gorges would hold the rest 10%.

Banks’ advantages over asset management firms lie in their reliable credit, wide networks and customer resources. And selling and being trustee of funds can create considerable income for banks while diversified wealth management products will help strengthen customer loyalty.

The fund company is Minsheng’s latest move toward becoming a financial holding firm. The bank also plans to pay 2.34 billion yuan for a stake in Shaanxi International Trust & Investment Corp and buy up to 20% of UCBH Holdings Inc, which is the biggest bank serving the Chinese community in the US.

As a unit of Singapore’s United Overseas Bank, UOB Asset Management is the largest asset management company in Singapore.

Ping An, China’s second largest insurer, has been planning to enter the fund management business after it expanded its business to securities, banking and trust. Last year, it acquired a 9% stake in Hong Kong-based asset management firm Value Partners, becoming its strategic investor.

“This move by Ping An proves its commitment to be a financial holding company,” said Luo Yi, an analyst with China Merchants Securities. “Ping An’s existing marketing channels will be the new company’s strong back-up. Meanwhile, the fund management company could also sell Ping An’s insurance policies.”

In addition to Ping An, the country’s largest life insurer China Life is also actively preparing a fund management company.

The increasing presence of joint ventures in China demonstrates the business potential of the Chinese market. For all businessmen looking for opportunities in China, BPOVIA Ltd is always ready to provide its professional services and excellent virtual assistants.