The government has announced a new set of regulations allowing private capital to become involved with the national security and military industries.  Industry analysts believe this move will stimulate industry consolidation, modernization, and whole listing of state-owned corporations.

New adjustments to international accounting standards are in the works in order to help reduce overseas listing costs for mainland companies, and thus to bridge the gap between international and mainland accounting standards more generally.

Official sources report that the government is likely to open up the general aviation sector by announcing a new set of regulations.  Will this give privately owned jets, business flights, and general aviation room to grow?

There is great demand in China for flights connecting provincial cities, and, with the involvement of more private investors, Huaxia Airlines is striving to meet that demand by finding a balance between cultivating more regional routs and expanding fleet size and profitability.

The Bank of China (BOC) aims to expand its global reach and enter a non-financial business area for the first time. It plans to acquire Singapore Aircraft Leasing Enterprise, the largest aircraft-leasing firm in Asia, in order to engage in aircraft leasing and financing.

China’s high economic growth is bolstering luxury consumption by creating higher disposable incomes for more people. From watches and jewelry to fashion and cars, luxury items are flooding the Chinese market. The market for private jets is heating heats up with new aviation regulations and competitive prices compared to a luxury auto. This also ushers in pilot training school that eyes the commercial opportunities arise from human resources shortage.

A forum on China business travel currently being held in Shanghai is attracting some major hotel chains from around the globe. The participation of Intercontinental Hotel Group, Accor Hotels, Hyatt Corporation and Carlson Hotels unveils their ambitious expansion plans for the Chinese business travel market.

According to the Ministry of Labor and Social Security’s (MOLSS) latest statistics on the supply and demand of labor in the second quarter of 2006, China continues to suffer a shortage of middle and senior technical personnel, among which senior engineers and senior technicians are in the highest demand. On average, every senior engineer faces 2.08 positions and every senior technician 1.96. What factors contribute to this ongoing shortage of technical skills in a country known as a global manufacturing hub?

Aerospace conglomerates that have control over many listed firms, such as China Aerospace Science & Industry Corporation (CASIC) and China Aerospace Science & Technology Corporation (CASC), have announced plans to turn to the capital market and realize a full stock listing. Independent research and development as well as a listing in the financial market would lead to greater diversification and gain expanding channels of finance.