Heng An Standard Life Insurance Index, the industry's first barometer, was introduced on September 17. The index was developed by Heng An Standard Life Insurance Co Ltd and Nankai University. Established in December 2003, Heng An Standard Life is a 50-50 joint venture between British Standard Life plc and Tianjin-based TEDA (Tianjin Economic Technological Development Area) Investment Holding Co Ltd.
The Bank of East Asia has surprised investment circles in Shanghai by announcing that its newly introduced product under the qualified domestic institutional investor (QDII) scheme had gained more than 20 percent in only half a month amid the international market turmoil brought about by the US credit crisis.
The outlook is rosy for the hotel market in Beijing and Shanghai in the next two years, with the 2008 Beijing Olympics and 2010 Shanghai World Expo just around the corner, according to consultancy firm Jones Lang LaSalle Hotels.
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