Green Light For Credit Suisse JV
Swiss bank Credit Suisse has received a business permit to start its investment banking joint venture with China's Founder Securities, state media reports. The JV will be allowed to underwrite shares and bonds. This comes at a time when the value of IPOs in China and Hong Kong dropped to USD22 bn in 2008, down from USD109 bn in 2007.

Securitas Enters HK Market
The Swedish security services group Securitas AB said on Monday that it has acquired Hong Kong's Polic Secuforce for RMB2.38m, Trading Markets writes. Polic Secuforce has a strong presence in the education segment, the report said. Securitas has over 250,000 employees in 30 countries worldwide and posted a revenue of RMB53 bn in 2007.

CNOOC Starts Deep Water Exploration
The China National Offshore Oil Corporation, the parent company of the country's third largest oil company CNOOC Ltd, has started a deep-water exploration project at the Qiewan natural gas field in the South China sea, state media reports. The Chinese cooperate with Canada-based Husky Energy and Norway's Seadrill Ltd. CNOOC discovered the Qiewan natural gas field in 2006 and invests RMB200 bn in exploration projects in the region.

Marco Polo Opens Wuhan Hotel
Hong Kong-based Marco Polo Hotels has opened 380-room, five-star property in Wuhan. Marco Polo's fourth hotel in China is located on the urban river front, and is largely aimed at business travellers. Amenities include an indoor swimming pool, Jacuzzi, fitness centre and massage facilities.

Korean Air & Asiana Launch Sanya-Seoul Flights
Korean Air and Asiana Airlines have launched four flights per week between Seoul and Sanya to handle the increasing number of South Korean tourists visiting Hainan Island.  The additional services raise the total number of weekly flights from Sanya to Seoul to 12. Previously, only China Eastern Airlines operated the route to Seoul-Sanya route.

Last update : 03-01-2009

Keywords : King&Wood, Fafalen, Credit Suisse, Securitas, CNOOC, Marco Polo, Hotel, Hospitality, Korean Air, Asiana, Seoul, Sanya, Aviation

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