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By AMY CHEUNG

As foreign-funded banks accelerate their penetration into the SME financing segment in order to compete with state-owned commercial banks, smaller Chinese commercial banks are seeking to do the same in order to secure a more extensive client base.


By STAFF EDITOR

Morgan Stanley has recently purchased a 24,000-square-meter land in Luwan District of downtown Shanghai for a high-rise office building project worth 1.3 billion yuan (166.67 million U.S. dollars), People's Daily reported, citing a report of Shanghai Securities News.


By STAFF EDITOR
Focus Media Holding Limited , China's largest out-of-home multi-platform life-style media company, today announced in a statement that it has entered into a definitive agreement to acquire Allyes Information Technology Company Limited, the largest internet advertising service company in China. This acquisition will enable Focus Media to enter China's growing Internet advertising market.

By AMY CHEUNG
Foreign food products are gaining popularity among Chinese consumers shopping for New Year's gifts.  However, famous Chinese brands have not relinquished their status as traditional holiday favorites.

By AMY CHEUNG
The Ministry of Commerce has issued the "Regulation of Crude Oil Market Management" and the "Regulation of Refined Oil Management" circulars in an effort to further open China's petroleum market, yet foreign oil giants like Shell and Exxon Mobil have yet to enter the Chinese market on a large scale.  Why do they hesitate?

By AMY CHEUNG
The entry of foreign banks to Shenyang has prompted many finance experts to switch jobs, leaving their current positions in Chinese banks in the city.  Chinese banks, however, are not yet prepared to deal with the possibility of high turnover among employees.

By AMY CHEUNG
The passion for fund investments on the mainland has created a booming financial industry, and, consequently, a shortage of qualified fund managers.  In demand, fund managers are able to take the initiative to switch jobs in search of better pay and benefits.  According to the latest statistics put out by TX Investment Consulting, the rate of turnover among fund managers averaged 38.6% in 2006.  How will this high turnover rate affect the development of China's financial industry?

By AMY CHEUNG

Skandia-BSAM Life Insurance Co Limited, a joint venture between Sweden’s Skandia and Beijing’s state-owned Asset Management, has launched several insurance products in China that were initially unique to its consumers. The opening of the insurance sector has not only ushered in these innovative products but also a set of diverse sales and marketing strategies as well as services. To successfully expand in the market, foreign firms must adopt localization strategies enhanced by a mature, multinational touch to win over their target audience.


By AMY CHEUNG
China’s food and beverage industry is booming with the country’s economic growth and the government efforts to bolster domestic consumption. Food and beverage products are among those consumer goods that are enjoying increased spending by Chinese consumers. While many international players are keen to be more localized to be appealing to Chinese audience, many Chinese food and beverage franchise are anxious to go abroad and join the global community. Pepsi and Little Sheep are good examples demonstrating this converging trend.

By AMY CHEUNG
Under tightening control over foreign acquisitions of leading cement companies, China’s cement industry has seen structural changes particularly in foreign strategies to gain a greater share of the market. From acquiring leading Chinese firms in hot market segments, foreign investors gradually turn to acquiring stakes from leading firms or becoming shareholders of small firms. Joint ventures with local companies in more closed market segments have become the recent trend to get around regulatory barriers.

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