Bank of Shanghai assets 120b yuan
()
01/11/2002
The Bank of Shanghai has said that by 2001-end its assets had reached 120 billion yuan (US$14.46 billion), up 25 per cent against 2000, reports Jiefang Daily. The bank's annual profit last year crossed 1 billion yuan (US$120 million). The commercial bank said it plans to increase its assets to 200 billion yuan (US$24 million) by 2005. It has signed agreements to sell 18 per cent stakes to HSBC, the International Finance Corp and Shanghai Commercial Bank. Second-hand clothes shop closed The Industrial and Commercial Administration Bureau of Yangpu District has shut down a shop that used to sell secondhand clothes illegally to university students, reports Eastday. com. More than 3,000 garments and 100 pairs of shoes, mostly brand fakes, have been destroyed. The used clothes had neither been cleaned properly nor inspected by the sanitation authorities, said a bureau official. Most of them had stains, he said. Shop employees said the used clothes had been bought at 5 yuan (60 US cents) a piece in Guangdong and would have been sold to students at an average of 200 yuan (US$24) each. The owner of the shop is at large. 5% cooking ranges substandard A quality inspection of 39 cooking range brands sold in the city found 5 per cent to be below the State standard, reports Jiefang Daily. The city's Bureau of Quality and Technical Supervision officials said the substandard cooking ranges emitted an excessive amount of carbon monoxide. Also, they did not have labels telling consumers what kind of gases they could use. Officials examined 20 brands of gas water heaters for family use too. About 30 per cent failed the quality test. A similar inspection last year had found 42 per cent heaters to be substandard. 62 hotels running vice dens closed Sixty-two small hotels in Shanghai running gambling, prostitution and drug trafficking rackets were shut down recently after a three-month inspection, reports Eastday. com. A total of 430 people, including four on the police wanted list, were arrested. And 51 cases of gambling, 42 cases of prostitution and 41 drugrelated offences were registered. Cousins reunite after 40 years Hongkou District Police helped a local woman reunite with her 80-year-old cousin after more than 40 years, reports Shanghai Evening Post. The district's Ouyang Road Police Station got a letter from Huang Yuanshang in Shanxi Province in December, seeking help to find Huang Yufang in Shanghai, police said. With nothing more than the name as identification, police ran through the databases, finally locating the woman after one month.
|
