Thirsty Beijing embraces long-awaited snow

(Xinhua)Beijing is experiencing the first snow of this winter, which slipped into the dry and grey city in the early hours of Saturday morning.
The snow started at 2:40 a.m., blanketing the Chinese capital and slowing down the traffic in the morning rush hour.
Traffic congestion on slippery roads have caused a lot of trouble for the working population, most of whom are advised to work through this weekend before taking the first three days of the new year off.
Beijing's high temperature was minus one degree Celsius on Saturday, down by at least six degrees from last week.
The municipal administration commission sent 330 cleaners and 132 vehicles to sweep snow and spray snow-dissolving agents along major urban roads at dawn.
The commission said some 258 tons of snow-dissolving agents and 294 tons of solutions have been sprayed in the city center.
The weatherman said the snow will stop around noon.

First Snow in late 2006

Finally it snows heavily. The snow comes so late... we didn't have a white christmas.
but no doubt, today will be very different, hope I can take some nice picturs.

People will be happy to welcome the new year in a auspicious snow.

An old Chinese saying goes like that timely snow,auspicious snow

Sexy Beijing - Sexy Christmas

In this episode of Sexy Beijing, Su Fei tries to find out what's up with the Christmas spirit that seems to have invaded China's capital.


What do Chinese people think about Christmas? Why do they celebrate it? And more importantly, what do they know about the Jewish holiday that she celebrates called Hanukkah?

Sexy Beijing -Looking for Double Happiness

Sexy Beijing is a new Danwei TV show about love, lust, youth culture and street life in China's capital. This episode is about one girl's search for a boyfriend on the mean streets of Beijing, featuring interviews with old timers hanging out in hutongs and young people in the trendy shopping district of Wangfujing. Presented by Su Fei, this episode was shot by Luke Mines, edited by Anna Sophie Loewenberg, with music by Fernando Fidanza.

Vision Beijing

Beijing Olympics Video -One World, One Dream

Foreign banks hurry to set up local branches

(Xinhua)
Updated: 2006-12-29 10:02

The Hong Kong and Shanghai Banking Corp (HSBC) Thursday set up another local branch in northern China's Tianjin City, making it one of the foreign-funded banks with most local outlets in the country.

The Bank of East Asia, another overseas-funded lender with most local subsidiaries on the mainland, opened 13 branches in China this year, raising the total number to 31.

With ten newly founded branches this year, the HSBC also has more than 30 local branches in the mainland so far, followed by the Standard Chartered Bank that opened five local branches this year.

Other foreign-funded banks, including the Hang Seng Bank and Citibank, have also set up more branches in China this year.

The Bank of East Asia now spends the most investment among all foreign-funded banks on localization.

The Standard Chartered Bank will set up two more branches at the beginning of next month and double the number of its branches in the coming 18 months, according to source with the bank.

Li Guobao, chairman of the Bank of East Asia, predicted last month the number of its Chinese branches will reach 60 to 80 in three years, and most of them will be in big cities.

Insiders said one of the biggest disadvantages for foreign banks to expand its business in China, compared with Chinese banks, is the small number of sub-branches.

According to a report from Price Waterhouse Coopers, twelve foreign banks, among the 35 respondents, plan to offer Renminbi services to Chinese customers as soon as possible.

The China Banking Regulatory Commission (CBRC), the country's banking regulator, announced recently it has approved nine foreign-funded banks to transform their Chinese branches into locally incorporated banks registered on the mainland.

Under the regulations, China will treat the foreign-funded banks the same as domestic ones, allowing them to conduct Renminbi business for Chinese citizens in line with its commitments to the World Trade Organization.

Statistics from the CBRC show the assets of foreign-funded banks in China totaled 105.1 billion US dollars in September, accounting for 1.9 percent of all banking institutions in the country.

test posting from Email

this is a test from gmail, I hope this post can be shown on my blog

I'm just worrying which catalogue this post will be placed .

New Blog on Blogspot.com

为迎接非凡的2007年,建立一个新的根据地!
新年新麦克!

just creat a new blog for year 2007, I'm coming...