Archive for January, 2009

Beijing Olympic – China’s 1st OTC market likely to be in Tianjin

Saturday, January 31st, 2009

CHINA’S first national over-the-counter equity bourse is likely to be set up soon in the northern city of Tianjin as part of moves to build a multi-layer capital sector, industry sources said yesterday.

The establishment of the OTC exchange is now subject to a final nod from the National Development and Reform Commission, the nation’s top economic planner, said people with direct knowledge of the plan.

China’s mainland has two main boards in Shanghai and Shenzhen, a small- and medium-sized enterprise board in Shenzhen as well as an OTC trading system for Beijing-based technology firms.

Analysts believe the OTC bourse, to be sited in the Binhai New Area, a state-backed economic zone, will bolster Tianjin’s lure as a new financial hub apart from Shanghai.

“I guess that’s more or less related to political balance,” said a senior stock analyst in Shanghai. “On the southern coast, we have Shenzhen as a financial center and on the eastern (coast), Shanghai. And now it’s time to have a northern one.”

Tianjin’s OTC market will only be available to institutional investors, the sources said. Companies traded on the bourse can apply to list on the main boards if they meet the listing criteria, sources said.

“The OTC bourse in Tianjin will be open to host all domestic companies that temporarily fail to meet main-board listing requirements,” said a Tianjin-based source.

The sources noted setting up the Tianjin bourse will basically complete moves to create a multi-tier equity market. Big cap firms will list in Shanghai, medium ones in Shenzhen and small firms may trade on the Tianjin OTC market, they said


Chinese Pinyin – bi (蓖)

Saturday, January 31st, 2009

蓖   [bì] 

国标码:B1CD 部首:艹 笔画:13 笔顺:1223253411535
the castor-oil plant

China Travel – Ge Garden

Saturday, January 31st, 2009

The Ge Garden is located on Dongguan Street in a suburb of Yangzhou City, Jiangsu Province.


The Ge Garden was developed from the Shezhi Garden of the early Qing Dynasty (1644-1911). During the reign of emperors Jiaqing and Daoguang, Huang ZhiJun, a salt businessman of Huai’an and Huaiyin, purchased and rebuilt the garden. He planted 1,000 bamboo trees in the garden and took half of the Chinese character for bamboo,  as its name —  (Ge). The garden is famous for its layers of rocks that were shaped in a powerful style, especially the Four Season Hills.


The Spring Hill is a moon-shaped gate above which the Chinese character, (written like three bamboo leaves), is engraved. Going through the gate one will encounter numerous slender bamboo trees and unevenly distributed stalagmites. The bamboo and stones form an enchanting picture of spring scenery. Heading north, one will find the Sweet-scented Osmanthus Hall, with rows of sweet-scented osmanthus trees planted in front and a limpid pond in the back.


The Summer Hill, which encircles Osmanthus Hall, is layered with rocks from Taihu Lake. The piled rocks along the pond produce a summer scene, complete with caves, a winding bank and stalactites.


The Autumn Hill is a yellow, artificial hill situated in the east. It stretches across half of the garden, with a total length of over 20 zhang (1 zhang = 3.3 meters). The hill consists of piled up craggy rocks. Stone rooms and stone bridges were modeled after the hill with a pavilion on top. It is said that when the sun sets, it feels as though autumn has arrived — hence the name: Autumn Hill. 


Winter Hill lies beneath the east peak of the yellow artificial hill. It was built with layers of white stones that resemble snow. It is said that when sunlight is reflected by the rocks on the peak, it casts a shadow on the quartz, which produces an ice-like luster. Such construction material is rarely found in other gardens.


Other buildings include the Yiyu Veranda, Baoshan Building, Fuyun Pavilion, Zhuqiu Pavilion and Touyue Veranda.