No. 343, Nov. 26(3)

Bohai Seaports Vying for Dominance
Nation, page 11
Seaports in Qingdao, Tianjin, and Dalian are vying to become the shipping centre in northeast Asia. Although the State Development and Reform Committee has issued a blueprint to develop Dalian as such by 2020, authorities in two other regions are also contesting for the title, saying it should be decided based on actual trade volume.
Original article: [Chinese]

Shanxi Coal Miners Heading West
Nation, page 12
As coal resources dwindle and mines close down in Shanxi province, local miners are now heading west to the under-explored Xinjiang. Armed with skill and experience, they plan on taking full advantage of tax incentives there, where coal reserves make up 40.5 percent of the country's total.
Original article: [Chinese]

Shenzhen Quietly Cancels Cash Withdrawal Limits Meant to Combat Money Laundering
From Money and Investment, page 17
Less than half a month after being put into place, cash withdrawals at retail banks in Shenzhen are no longer being limited by the government. The policy, which was meant to close off a major source of funds for underground banking networks, has failed largely because these networks have moved into surrounding regions unfettered by such restrictions. In some cases, the underground networks have become even more profitable as a result.
Original article: [Chinese]

Three Major Chinese Banks' Stumped on Share Option Reform
From Money and Investment, page 19
Sources have told the EO that three major Chinese banks-- the Industrial and Commercial Bank of China, Bank of China, and China Construction Bank-- have been unabe to receive approval for their submitted stock option reform plans. Sources say that the Construction Bank will serve as a testing ground for options reform, meanwhile, the Ministry of Finance is currently drafting new guidelines for stock options among high-level management in state-owned financial institutions.
Full article in English translation coming soon…
Original article: [Chinese]