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HONG KONG— HSBC Holdings PLC said Monday it has entered into an agreement to establish a majority-owned joint-venture securities company to be based in Shenzhen, China, as it builds out its business and sets up a model other banks may try to emulate in that country.
The agreement with the Shenzhen Qianhai Financial Holdings Co. Ltd., a state-owned financial-holding company, is believed to be the first joint venture of its kind under an arrangement between Hong Kong and mainland China designed to encourage trade and economic cooperation.
Source：The Wall Street Journal
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Why Shenzhen market will gain more support from hi-tech plays
The fifth plenum of the Chinese Communist Party’s 18th Central Committee concluded on Thursday, with the key announcement being the abandonment of the decades-old one-child policy.
Apart from the relaxation of family planning laws, leaders also outlined fresh initiatives to help make China an internet power and implementing Internet Plus and Big Data strategies.
The two policy moves should give a boost to share prices of baby food plays and internet technology firms.
The CPC plenum has highlighted Internet Plus and Big Data strategies. As many firms related to those activities are listed on the Growth Enterprise Board in Shenzhen, the prospects for the Shenzhen bourse look good.
In recent weeks, the Shenzhen market has already shown signs of outperforming Shanghai.
Source：ejinsight
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World's Fastest Scanner Finally Makes the Paperless Office a Reality
SHENZHEN, China, Nov. 18, 2015 /PRNewswire/ -- A young Chinese entrepreneur has invented the world's fastest scanner（according to Forbes）. It's about to hit the market thanks to thousands of backers on Indiegogo. Turn a page, hit a button and it's instantly in your iPhone, computer, and the cloud. The dream of a paperless office or a paperless library archive; for decades challenged by technology and sticker shock - is now a reality. An average book can be scanned in less than 5 minutes.
Source: PRNewswire
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In Shenzhen, Tracking the Early Steps of China’s Carbon Pivot
SHENZHEN, China – To some extent, the contemporary industrial age is a global narrative of substance abuse and recovery.
As part of the Wilson Center and Circle of Blue’s Global Choke Point project, Choke Point：Port Cities will examine how Oakland, California, and Shenzhen, Guangdong Province, are responding to interlinked water, energy, and pollution challenges. These multimedia reports are meant to inform exchanges and convenings in 2016 to share among leaders of both cities and others like them around the Pacific Rim.
Source：News Security Beat
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