China int'l fair for investment and trade ready to open Tuesday
The 13th China International Fair for Investment and Trade (CIFIT) is ready to open tomorrow and is expected to attract about 13,000 overseas business people. According to a press conference held by the organizers yesterday, this year the fair will cover 60,000 square meters, 8,000 more than last year, with 2,800 exhibition booths. During the four-day trade fair, the Ministry of Commerce (MOC) will hold a forum on boosting economic recovery through international investment and another forum on mainland-Taiwan economic and trade cooperation.

Canton Fair Set up Paid Booths
In order to help export-oriented enterprises tackle the financial crisis and explore the potential given by the domestic market, the Ministry of Commerce has recently said the 106th Canton Fair will continue its work of promoting both domestic trade and foreign trade, not only by promoting domestic sales but also by setting up a "Domestic Purchasing Centers," a way to open the door to domestic buyers.
   
Guangzhou Has First Sino-Foreign Joint Guarantee Company
The Guangdong Small and Medium Enterprises Bureau has confirmed that the Guangdong Yinda Guarantee Investment Group Co., Ltd., Guangdong's largest guaranteeing institution has officially introduced the Private Equity Fund - SAIF Partners ("SAIF"), becoming Guangzhou's first foreign joint venture guaranteeing company. SAIF will invest about RMB 160 million in Guangdong Yinda, buying 25.3% of its equity.
  
HSBC starts yuan cross-border trade settlement service
HSBC China launched its Renminbi (RMB) cross-border trade settlement services in Shanghai, Shenzhen, Guangzhou and Dongguan. The bank has also been granted the status of a domestic agent bank and is able to open onshore yuan accounts for overseas banks participating in the pilot program.