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Biggest bio diesel oil factory to be built in China

Chinanews, Nanjing, October 12 – The biggest bio diesel oil factory will be built in Nantong, Jiangsu Province in China, and the foundation stone laying ceremony having been held on October 10.

BIOLUX biological fuel Co., Ltd, the famous Austrian bioenergy enterprise, invested 120 million Euros on the project, making it the best present to celebrate the 35th anniversary of the establishment of diplomatic relations between the two countries.

The new factory will have the capacity of processing 700 thousand tons of rapeseeds every year after completion in 2007, producing 265 thousand tons of bio diesel oil and about 400 thousand tons of protein, which will mainly be shipped to EU.

Being the biggest rapeseed producer, China has nearly unlimited potential to extract bio diesel oil. What’s more, nearly 75% of China’s rape fields are located in the Yangtze River basin, near the new factory. With the help of expressway and ocean shipping, the factory will surely play a very important part in the world bio diesel oil market.

China to reduce its trade growth

Chinanews, Beijing, Oct. 13 ¨C The Ministry of Commerce (MOC) has mapped out China¡¯s trade prospect for the eleventh five-year period. According to this plan, by 2010, the total trade volume will reach 2.3 trillion US dollars, increasing by 10% on a yearly basis, but far lower than the 24% actual annual trade growth rate during the tenth five-year period.

A person in charge at MOC explained that during the eleventh five-year period, China would no longer maintain the trade scale.

¡°If we set the figures too high, we won¡¯t be able to focus on the quality of the trade,¡± he said.

For many years, the high trade volume had been backed by large quantities of processing trade, which occurred in China because global economy had shifted its manufacturing base to China. After ten years of high growth, it is expected that such processing trade volume will begin to slow down. On the other hand, China¡¯s high foreign trade growth is largely prompted by its huge export volume, which is driven by a strong demand in the international market. After a certain number of years, such strong demand will also become weaker.

In order to realize the new trade goal, MOC will encourage more private enterprises to explore the international market. It is expected that by 2010, export volume contributed by private enterprises will account for 35% of the total export volume in China, while in 2005, private enterprises accounted for only 20% of the total export volume in China.

Recruit Holdings Joins Forces With Netease For Job Portal

Hong Kong-listed recruitment advertising group, Recruit Holdings Ltd, is going to cooperate with Netease.com (NTES) to launch a job-seeking portal 1010job.com.

1010job will not only provide job related information to the huge traffic of viewers generated by NetEase, but will also provide ‘Elite Job Forum’ in association with ‘NetEase Forum’. A unique ‘CV Through Train Service’ will be provided to the 160 million NetEase mailbox users to facilitate their needs in job application. Apart from that, Netease and 1010job will produce more value-added service to jobseekers based on their shared ‘jobseeker-centred’ concept.

The potential of the online recruitment market in China has been attracting steadily increasing foreign investment. Major online recruitment providers from Europe, America and Japan have already devised and actioned a variety of strategies enabling them to participate in exploiting the Chinese market.

2006 is seen as being a landmark year for foreign investments coming into China. Following Monster’s acquisition of a major stake in ChinaHR, Japan Recruit, Japan’s largest recruitment service provider became a significant shareholder of 51job. Enjapan, the second largest online recruitment website in Japan announced it had agreed to cooperate with 800HR, a segmental recruitment website in Beijing. The largest recruitment website from Ireland, Keyland, has been even more aggressive in merging two local recruitment websites in Shanghai and Beijing, respectively. Meanwhile, major players from Taiwan and Hong Kong have also expedited their expansion into the mainland market. Taiwan’s biggest recruitment website, 104 HR bank has already entered Shanghai.

Finance Controller

Company Introduction:
A Top semiconductor Company

Experience 10 years and above
Field of Experience Accounting/Finance

Major Job Functions
1.Manage a group of professional accounting and finance staff in their respective areas of responsibility namely Costing, Planning and Analysis, Accounting, Tax & Audit
2.Ensure compliance to Corporate and Local Policies and Procedures Compile and review Quarterly Forecast, Annual Plan and 5-year Plan.
3.Develop and document financial control procedures to protect and safeguard the Company’s assets and properties Co-ordinate and make presentation to management for buyoff the Yearly Plan, Quarterly forecast & proposed new Standards cost.
4.To conform to generally accepted accounting principles (GAAP) in the recording of all financial books and statementsPrepare Budget & Quarterly forecast summary with commentaries for submission to MSGF.
5.Initiate financial support to Operations on all matters related to financial requirements and cost reduction strategiesReview and analyze monthly and quarterly actual expenses against forecast and Plan.
6.Interpret financial operating results and make recommendations that will result in manufacturing cost reduction Review quarterly actual process unit cost and analyze manufacturing variances summary.
7.Manage various cash and investments with maximum return and minimum tax impact Generate/review bi-yearly standard process cost using Activity Based Costing methodology.
8.Ensure adequate weekly and monthly cash flowGenerate/Review quarterly Economic Value Added (EVA) summary statements.
9.Ensure compliance with Legal and Corporate Treasury requirements, with respects to all Fund Management and Banking issues. Provide financial analyst support to Operations and Administrative department
10.Minimize corporate tax exposure by performing effective tax planning and taking advantage of any tax incentives or allowances
11.Ensure all banking operations and inter company account transactions are in compliance with the Government financial rules and regulations, particularly the exchange control rules and regulations
12.Ensure all property is adequately protected in coordination with Corporate Risk Manager and local insurance brokers and agents Participate in the development of new Financial systems as and when the needs arise.
13.Maintain a professional relationship with government bodies , financial and private institutions Handle special assignments or projects analysis on adhoc basis.
14.Develop career path, enhancement plan and training plan for all staff Supervise sub-ordinates to ensure goals and objectives are accomplished.
15.Represent the needs of customer in internal functions in addressing QS-9000 requirements Liaise with S’vale and offshore sister plants on related issues

* Please send us your complete resume (both in Chinese and in English) to: ‘topjob_fi113sh@dacare.com’

China already proceeds rapidly in its currency exchange regime, official

Chinanews, Beijing, Oct. 11 ¨C In a recent interview given to Finance and Economics magazine, Governor of the People’s Bank of China Zhou Xiaochuan said that allowing more flexibility in the Renminbi exchange rate had already become a clear goal for the exchange rate regime, under which supply and demand relations in the market would become more important. Right now, the reference of a basket of currencies to which Renminbi is pegged is diminishing while market factor is playing an increasingly important role.

He said that Renminbi exchange rate regime should be a process which should follow the principles of “proceeding in a controllable and gradual way and keeping the initiative in our own hands”.

The process of the Renminbi exchange rate regime depends on the current conditions of other factors related with it. The reform cannot proceed without considering other related factors. So far, the Renminbi exchange rate regime has already made great progress and the main part of the system has already been changed to be market-oriented. Judging from related factors, it can be said that the reform has already proceeded rapidly enough, Zhou Xiaochuan noted.

He pointed out that the opening of the capital projects in China should be based on two pre-conditions: first, related financial system should be operated in a healthy way — when management is still at a relatively low level and institutional reforms have not been well applied in some micro aspects, we should not hastily open up the capital market; secondly, before we open the capital industry, related legal system should be improved to effectively protect the property rights to prevent large amounts of capital from flowing outside the country.

Shanghai Top Marques 2006 attracts well-heeled buyers

Fancy cars, private jets, diamond watches and designer clothes are attracting well-heeled buyers at Shanghai Top Marques 2006, a four-day luxury lifestyle expo at the Shanghai International Convention Center in Pudong. The organizer expects visitors to spend 500 million yuan (US$62.5 million) on luxury goods. The list of pricey products includes a rare 89.98 million yuan woodcarving, a 9.99 million yuan Koenigsegg CCR sports car – the fastest in the world – and a 7 million yuan Porsche.

Chinese property market still attractive to foreign investors

Chinanews, Beijing, Oct. 12 ¨C Foreign investment activities in Chinese property market reached a climax during the first half of this year. According to Daily Economic News, a report titled “Globalization Leads to Investment Boom” and released by Jones Lang LaSalle, a world real estate services and money management firm, shows that as a burgeoning market, China remains attractive to foreign investors. During the first half of this year, direct investment in Chinese real estate market reached 4.75 billion US dollars, doubling the figure of the corresponding period of last year. The first-tier cities such as Beijing and Shanghai have become foreign businesspeople¡¯s most favorable places for making investments.

Global funds management companies have placed a large amount of their money into the Shanghai property market. By September 2006, 15 buildings had been entirely sold to one company. Transaction volume of these buildings reached 1.8 billion US dollars, most of the buyers being foreign investing companies based in the United States, Europe and the Asia-Pacific region. Among these 15 buildings, seven are luxury hotel-style apartments or high-class residential houses later renovated into hotel-style apartments. Insiders say the best time has come for investors to buy luxury hotel-style apartments located in a good place in Shanghai, and their rents are climbing steadily.

Senior manager in Jones Lang LaSalle’s China office Deng Wenjie predicted that multinational companies would continue to expand their business in China. As China further opens its finance sector, more A-class offices will be in demand. As the number of foreign staff workers increases in China, it will stimulate the demand for luxury hotels and hotel-style apartments. Meanwhile, people¡¯s increasing disposable income and the ever-expanding middle class group will benefit domestic shopping malls greatly. As the market becomes more transparent, it will attract more foreign investment.

He also predicted that during the latter half of this year, more transaction deals would be clinched in China. Foreign investors who have a clear investment plan will further increase their investment in China. As competition becomes fierce in the first-tier cities, investors will shift to the second-tier cities to seek for gains.

Senior Financial Analyst

Company Introduction:
XXX is a world leader in enterprise infrastructure software, delivering powerful standards-based platforms for building enterprise applications and managing Service-Oriented Architectures even in heterogeneous IT environments.

This position is responsible to manage pipeline, analyze revenue transactions and generate various revenue reports of the Company in China. To be successful in this position, the person needs to possess excellent communication skills with hands-on experience in analyzing pipeline and revenue transactions in China.

Job responsibilities:
1.Manage the Pipeline and Tracking Process including consolidation of forecast inputs and plans from various regions/verticals, process improvements in the quality of the data and generation of various performance reports and trend reports;
2.Generate Management Reporting Pack including revenue analysis, deferred revenue analysis, product analysis, channel analysis, deal analysis and accounts receivable analysis;
3.Support the Finance Manager and Finance Team;
4.Support ad hoc requests from management;
5.Responsible for revenue reconciliations among Pipeline, General Ledger and Invoice Register.;
6.Responsible for deferred revenue reporting and reconciliation as well as movement analysis in the deferred revenue balances;
7.Participate and interface with other BEA organizations as required to support the pipeline and revenue analysis processes.

Qualifications/Necessary Skills:
1.At least 4 years related experience with a US MNC, IT Company is an advantage;
2.Understanding of SOP97-2 Revenue Recognition;
3.Knowledge of Forecast systems and PeopleSoft;
4.Good written and verbal communication skill in English;
5.Good analytical sense with strong financial background;
6.With positive working attitude and be able to work under pressure.

Education: Above Bachelor

* Please send us your complete resume (both in Chinese or in English) to: ‘topjob_fi112bj@dacare.com’

On-Site Support Engineer

Company Introduction:
XXX is a world leader in enterprise infrastructure software, delivering powerful standards-based platforms for building enterprise applications and managing Service-Oriented Architectures even in heterogeneous IT environments.

Job responsibilities:
1.Identify client critical/complex application issues through onsite support, recommend appropriate solutions, and resolve issue;
2.Communicate closely with the client about schedules, solution, possible risks, and appropriate action plan for system issues;
3.Working knowledge of the entire XXX product family and its application solution;
4.Familiarity with application architecture and risk assessment;
5.Ability to communicate effectively in both oral and written form;
6.Ability to manage client expectations and conflict at customer support;
7.Get high customer satisfaction through onsite support, help the services revenue income

Applicant requirements:
1.B.S. degree, preferably in computer science, information systems, engineering, or mathematics;
2.Typically 5+ years relevant technical work experience;
3.Typical experience in customer Supports, or developing software solutions on XXX product;
4.Ability and willingness to travel, as necessary.

Education: Bachelor or above

* Please send us your complete resume (both in Chinese and in English) to: ‘topjob_it076bj@dacare.com’

Internal Auditor

Company Introduction:
This company soon became a world-renowned camera maker and is now a global multimedia corporation. However, the origins of our success remain unchanged: the passion of our early years and technological expertise amassed over more than 60 years. Canon will continue using its technologies to benefit people as it pursues its objective of becoming a company that is loved by people throughout the world.

Job responsibilities:
1.Draft and implement audit programs based on company’s objective;
2.Practice the on-site audit and make the auditor’s comments;
3.Organize the group meeting for reporting risk and propose the solution to the management;
4.Join and work for the project of other organization;
5.Execute the prior investigation by collecting information and hearing.

Other relevant auditing works. Applicant requirements:
1.Nationality is Hong Kong;
2.Bachelor degree or above;
3.More than 5 years working experience in professional audit firms;
4.Familiar with the process of auditing and project management;
5.Excellent communication skill and interpersonal skill;
6.Excellent English or Japanese both in spoken and written;
7.Excellent PC skill.

Education: Bachelor or above

* Please send us your complete resume (both in Chinese and in English) to: ‘topjob_fi111bj@dacare.com’