Shanghai rakes in US$504m in car license auctions

Legal and Regulatory

Wednesday, August 20, 2008 22:00:23

	Shanghai rakes in US$504m in car license auctions By STAFF EDITOR Published: February 28, 2008 12:00 PM The Shanghai government collected US$504.06 million (RMB3.6 billion) from car licence plate auctions last year, the Oriental Morning Post reported. The money included RMB3.45 billion from the auction of 72,678 private car number plates, RMB71 million from the sale of 1,507 business car number plates and RMB74 million from transferring ... You are currently reading 49 words of 150 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: Shanghai , business , US , pollution , transport	More Articles in Legal and Regulatory > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Shanghai eases SME entry threshold Beijing, Tianjin consider financial integration Beijing city says Shanghai key financial hub but wants role US$2.14 billion earmarked for environmental monitoring Calls to raise income tax threshold as tax take outstrips growth Shanghai housing fund mulls higher contributions New emissions and pollution taxes considered

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