Shenzhen Informer

Shenzhen Investment to Buy Land for 4.15 Billion Yuan Shenzhen Investment will issue 1.41 billion new shares to fund the purchase, boosting Shum Yip's stake in Shenzhen Investment to 59.7 percent from 44.4 percent, according to a Hong Kong stock exchange filing yesterday. After increasing its stake, Shum … Read more on Bloomberg

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Wealthier Shenzhen parents with second child face 1m yuan fine Wealthier Shenzhen parents who plan to give birth to a second child in Hong Kong or overseas could be fined as much as 1 million yuan (HK$ 1.22 million), according to a new regulation that will come into effect on Tuesday. More details of the [...]

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Shenzhen official being probed for assets worth two billion yuan A village deputy head has been suspended from his office and is being investigated for allegedly owning more than 80 properties and 20 cars, valued at over 2 billion yuan (HK$ 2.47 billion), a district-level government spokesman in Shenzhen said yesterday. Read more on South [...]

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Train from Xi'an to Shenzhen only cost 2 Yuan? It only cost 2 Yuan by train from Xi'an to Shenzhen, a distance of 2154 kilometers, can you believe it? A Weibo netizen posted a train ticket with face value of 2 Yuan, which caused exclaiming of the netizens with admirations. On the morning of October [...]

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Shenzhen OK'd to test freer use of yuan Beijing has formally approved a $ 45 billion test project in the southern city of Shenzhen to allow a freer use of the yuan, underscoring its determination to make the yuan more convertible and used more often internationally. News began to circulate on … Read more on [...]

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