Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Saturday, October 28, 2000, updated at 15:24(GMT+8)
Business  

China's Diamond Exchange Sparkles on First Day


China's Diamond Exchange Sparkles on First Day
Eleven diamonds were sold at the opening of the Shanghai Diamond Exchange (SDE) on Friday.

The diamonds had been imported by Shanghai Lujiazui Development (Group) Company Ltd. from Hong Kong-based Brilliheng Holdings Company Ltd. for 18,000 U.S. dollars.

Yesterday also saw a number of export deals completed at the exchange.

Today's China Daily reported that four Hong Kong companies hold 25 percent of the eight-million -U.S.-dollar exchange, while seven companies from the Chinese mainland have the other 75 percent. China National Arts and Crafts Import and Export Corp. is the largest shareholder.

At the moment, more than 40 companies and foreign exchange centers have applied for membership.

According to the State's regulations, diamonds sent to the exchange directly from any Chinese port will not face import duty. And no trading within the exchange will be taxed.

Domestic diamonds entering the SDE to be traded will also enjoy tax refunds.




In This Section
 

Eleven diamonds were sold at the opening of the Shanghai Diamond Exchange (SDE) on Friday.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved