All stocks suspended on ChiNext board
All 28 stocks on China's new Nasdaq-style market for small and medium-sized companies were temporarily suspended today after only two hours of trading. The stocks on the ChiNext exchange in Shenzhen had all been suspended at least once by 11:20 a.m. under rules to prevent wild fluctuations in share prices. Ten companies saw their shares soar more than 200 percent. ChiNext is aimed at providing fund-raising channels for small and medium-sized companies in the high tech industry and with fast growth.
Photo from: hexun.com
Cold Front to Hit GD on Sunday
The strongest cold front so far this autumn is expected to start affecting Guangdong this Sunday, with temperatures dropping by 8 to 10 degrees. Strong northern winds will pervade but no rain is due. The lowest temperatures are expected on next Tuesday and Wednesday, as low as 5 degrees in northern Guangdong and 7 degrees across the rest of the province.
Tourism to Japan and Korea Made Easier
Visiting Japan and Korean will be made easier for Chinese individual travelers. From next July, the Japanese government will further lower the travelers¡¯ income threshold, lowering it from the current standard of 250,000 yuan annually. At the same time, the Korean consulate-general has announced it will simplify the application procedures for individual travelers. Applicants shall now only need to provide a passport, ID photos, and a guarantee certificate issued by authorized agents for the visa to be ready within 3 days.
Foshan Airport Resumes Flights
The Foshan Shadi Airport will resume civil flights on November 18th, but with only one flight a day to Beijing at the beginning. The airport's management is expecting losses at first, but hopes to increase the annual passenger flow to 1 million within the next 5 years. Foshan Airport was opened in 1987 as a regional airport for both military and domestic transport purposes. It became the Guangdong base of China United Airlines (CUA) but was forced to closed when the CUA went out of business on November 1, 2002.
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