介绍:
Shanghai-Hong Kong stock connect delayed
Anchor:
Authorities have announced the stock trading link between Shanghai and Hong Kong is going to be delayed for an unspecified period of time.
There is no word on when the Shanghai-Hong Kong Stock Connect scheme will eventually begin operations, after the so-called "through train" missed its anticipated start date today.
CRI's Hong Kong correspondent Li Jing has the story.
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For more on the delayed scheme, I spoke earlier with Shen Hong, Shanghai Chief Bureau at the Wall Street Journal.
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Back Anchor:
That is Shen Hong, Shanghai Chief Bureau at the Wall Street Journal.
Bank of China to win approval for yuan clearing in Australia
Bank of China's Sydney branch will reportedly win a regulatory approval to begin clearing trades in Chinese yuan.
Yuan clearing banks will make cross-border yuan payments more timely and convenient.
They will also increase the awareness of yuan usage among local companies and help yuan deposits to accumulate in the country.
This is one of the moves that would make Australia an offshore hub for the Chinese currency.
Two months ago, Reserve Bank of Australia and the People's Bank of China were working on a memorandum of understanding that would allow a clearing bank to be selected this year.
China, Singapore start direct currency trading
The China Foreign Exchange Trading System says it will carry out direct trading of the Chinese yuan against the Singapore dollar beginning Tuesday.
The move announced today aims to boost bilateral trade and investment, facilitate the use of the two currencies in trade and investment settlement, and reduce exchange costs for market players.
China's interbank foreign exchange market will kick off direct trading between the Chinese yuan and the Singapore dollar via spot, forward, and swap contracts.
The announcement followed the direct trading of the yuan against the euro, the British pound, the Japanese yen and the New Zealand dollar amid the country's efforts to internationalize the Chinese currency.
30 pct more Chinese go to S Korea for wedding photos
A new report shows a 30 percent increase this month in the number of Chinese couples travelling to South Korea for their wedding photos, compared to last October.
More-than 500 Chinese couples have made the trip this month, spending an average of three days in the country.
These couples spent an average of 40-thousand yuan, or some six and half thousand U.S. dollars, on wedding photos, shopping, travelling and accommodation.
The expenditure is three-times what a regular Chinese tourist to South Korea spends.
They choose the country for personalized services, trendy make-up, and clothes.
Han Song-ho is a manager at a wedding photo planning company.
"Subjective factors often affect our business. Customers will deny our proposals with even slight dissatisfaction of the options we give them, so our solution is to provide customers with a wide range of options."
With their domestic market shrinking, more wedding planners in South Korea are shifting their attentions to China.
That also includes interpreters and staff who can speak Chinese.
Korea Tourism Organization is working with over 40 wedding planning companies in China to launch tours targeting Chinese newlyweds next year.
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