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according to the report of china knowledge, during the state council meeting presided by premier li keqiang on aug 31, 2018 , the cabinet has announced its plans to exempt interest gains on onshore bond by foreign institutions from corporate income tax and value-added tax in coming three years.

china exempts foreign interests gains in local bonds investment!

© image | china knowledge

open up bond market and increased foreign investment

amidst trade disputes with the u.s.,the chinese government is putting in greater effort to open up its bond market and increased foreign investment, in an attempt to boost its financial market.

onshore bonds

to date china’s total onshore bond market has reached almost usd 12 trillion, and foreign buying is on strong momentum since several schemes were introduced by the chinese government to allow foreign participation.

the china hong kong bond connect introduced last year is new channel for foreign institutional investors to buy into onshore bonds which average usd 1 billion a day.

china exempts foreign interests gains in local bonds investment!

© image | google

hong kong bus companies are gearing up to provide stiff competition for ferry businesses crossing the pearl river estuary once the multibillion-dollar bridge to macau and zhuhai opens, providing a cheaper way of getting to the nearby cities.

and the hong kong-zhuhai-macau bridge – scheduled to open later this year but with no date set – could particularly harm the business of ferries to zhuhai, a legislator said.

new bridge to start battle between coaches&ferries to macau&zh

alan chan chung-yee, managing director of chinalink express holdings, revealed the new business plans of its parent company kwoon chung bus recently, days after the bridge authority announced it would charge 200 yuan (hk$230) per coach for each crossing.

it will run 24/7 coach services to zhuhai from different spots across kowloon and hong kong island every 15 to 30 minutes. daytime trips will cost hk$120 and nighttime trips hk$140.

new bridge to start battle between coaches&ferries to macau&zh

that is up to 45 per cent cheaper than the existing ferry services from tsim sha tsui and sheung wan, which charge hk$220 per trip. a single ferry trip takes about 70 minutes and the ride is available at intervals of about two hours at each pier.

a coach trip to zhuhai usually takes about two hours. that will be cut by 30 to 50 minutes after the bridge opens, though the prices will be about the same as before.

new bridge to start battle between coaches&ferries to macau&zh

“the ferry [business] to zhuhai will probably go quiet” pro-beijing lawmaker michael tien puk-sun said.

tien noted the ferry port in zhuhai was far from the city centre and the scheduled services were sparse, making the coach services more attractive.

he said the coaches could reach the busy districts of zhuhai easily after crossing the bridge.

new bridge to start battle between coaches&ferries to macau&zh

the 55km bridge is also set to create a road transport market to macau. every day, a maximum of 50 coaches will be allowed to run between the two cities.

the bus firm set to lose a third of its passengers to high-speed rail

chan, who is also the convenor of hk-macau express – an alliance of seven local and seven macau companies – said coach services would be offered near the new west kowloon station about every 30 minutes. his group has taken up 31 of the 50 slots.

the coach ride, costing hk$160 during the day and hk$180 at night, was scheduled to take about 70 minutes. it is about 6 per cent to 24 per cent cheaper than taking the ferry from sheung wan or tsim sha tsui, depending on time and date.

new bridge to start battle between coaches&ferries to macau&zh

chan said he believed the business would break even, despite ferry journeys being at least 10 minutes shorter. he said the bridge itself was hailed as one of the “seven wonders of the modern world” in a 2015 newspaper article, and that he expected visiting it would be a hot trend in its first two to three years.

“for tours, when they pass through the bridge, they would have one more tourist attraction [to see]. if you take the ferry, then you will not have this,” he said.

one bus hong kong macau, the coach operator which secured the rest of the 50 service slots, will provide a fleet of 19 coaches running between kwun tong and the gambling hub. the fares will range from hk$170 to hk$200, depending on time.

new bridge to start battle between coaches&ferries to macau&zh

a journey would take about two hours including border clearing time, said au shui-hing, deputy chairman of the hong kong macau cross border association.

lawmaker yiu si-wing, who represents the tourism sector, said the ferry services to macau should still be competitive, because they take only an hour.

but he added there could be some impact on the ferry businesses, as many people would like to “try out new things”, and the bridge itself was an attraction.

local flavours in china! which do you like?

chinese cuisine is famous over the world. different regions have different characteristics of delicious food. today, we are going to introduce some special products of several prominent cities in china to see if you have any favorite food.

local flavours in china! which do you like?


beijing gathers national delicacies, arts and crafts and ethnic supplies. palace dishes, roast duck, preserved fruit, candies, beijing embroidery, costume, cloisonne and so on are very famous.

local flavours in china! which do you like?


guangdong is the hometown of tropical and subtropical tea and fruit. the famous fruits include dongguan banana, chaozhou tangerine, zengcheng litchi, zhuhai seafood, chaozhou carp, zhanjiang lobster, and canton sausage, moon cake and other famous food.


local flavours in china! which do you like?

cantonese cuisine is famous both at home and abroad and focuses on frying and roasting. it is good at small stir fry, fresh and smooth, and more wild vegetables. famous dishes include white sea shrimp, crispy suckling pig and so on.


morning tea in guangzhou is more famous! its delicacies, such as shrimp dumplings, are the king of cantonese cuisine. shrimp dumpling glittering and translucent skin, inside shrimp crisp and sweet, is every morning tea must order the delicious!


local flavours in china! which do you like?

the other is pineapple oil, the best way to eat pineapple oil is to put the freshly baked pineapple bag on the cold butter, which is delicious and is the favorite of guangzhou people.

local flavours in china! which do you like?


shanghai has a profound cultural heritage of modern cities and many historical sites. wuyue traditional culture in jiangnan is integrated with the diverse cultures brought by immigrants from all over the country, forming a unique shanghai culture, and many shanghai famous products have been made earlier!

local flavours in china! which do you like?

shanghai is famous for its braising, raw stir-frying and stir-frying of aquatic vegetables. it has the characteristics of jiangnan flavor and strong adaptability.  shanghai snacks and flavors are also very rich.


there are more than 160 rivers in shenzhen, which are divided into dongjiang, gulf and pearl river estuary water systems, but the rain collection area and flow rate are not large. 

local flavours in china! which do you like?

the total cultivated land resources of shenzhen is 2446.7 hectares, the fruit planting area is 9946.7 hectares, and the forestry land is 79,700 hectares. it is rich in agricultural and sideline products such as longgang “sanhuang chicken”, nantou litchi, nanshan peach, shiyan shali, golden tortoise and longhuafang persimmon.


xiamen specialty products mainly include: oyster fried, bamboo shoots frozen, horseshoe crispy, sand tea noodles, wenchang fish, lily tea, lacquer line carving, osmanthus sugar, fried jujube, corner comb, orchid tea,and so on.

local flavours in china! which do you like?

horseshoe crispy,which is the elegant name “fragrant cake”, is a famous spot in xiamen and quanzhou. wenchang fish is a rare specialty in xiamen, fujian province. it is commonly known as the crocodile worm. its main producing area is liuwudian, tongan county, xiamen city, and it is named after the wenchang fish court on the liuwudian island.


foshan has a mild climate, abundant rainfall, and four seasons like spring. it belongs to the subtropical monsoon humid climate. the annual average temperature is 23.2 °c. it has been a rich land of fish and rice since ancient times. 

local flavours in china! which do you like?

the main specialties are hydrating powder ge, leping sydney melon, sanshui black skin melon, kiu kiang shuang zheng jiu, leping sydney melon, luocun bamboo shoots and so on.


zhongshan is located to the south of the tropic of cancer, the northern edge of the tropics, with sufficient light, abundant heat and warm climate. 

local flavours in china! which do you like?

the main specialty products include zhongshan crispy pork, huangqi lawei, shaxi herbal tea, xiaolan chrysanthemum, shenwan pineapple, rose flower food, shiqi longan, zhongshan powdered fruit golden marl, almond cake and so on.


yiwu is rich in fertility, brown sugar, ham and southern jujube are known as “three big treasures” in yiwu. they are famous at home and abroad. tofu skin, yuba, white wine, mountain pear and other famous native products have a long history, large output and high quality. they have won many honors in ancient and modern china and abroad. 

local flavours in china! which do you like?

yiwu specialty products mainly include jujube, candied dates, brown sugar, ham, tofu skin, yuba, white wine, top wine, and mountain pear.


chengdu is located in a subtropical humid region with complex topography and landscape, diverse natural ecological environment and abundant biological resources.

local flavours in china! which do you like?

the main specialty products include anren grape, chongqing loquat leaf tea, chongyang wine, chongzhou turmeric, datun mustard, dujiangyan magnolia, dujiangyan kiwi, fuhong apricot and jintang black goat.

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safe to use didi hitchhiking service in china? do you think so?

today’s topic

is it safe to use didi 

hitchhiking service in china?

recently, the didi passenger murder incident keeps simmering and sparks wide public rage on the safety of the car-hailing service and the platform. 

you may have heard that, after a flight attendant was killed in the didi hitchhiking for only 110 days, another similar incident occurred. on august 24, a 20-year-old girl from yueqing city, wenzhou, was raped, killed and forced to transfer 9,000 yuan to the suspect’s account through wechat before the murder. 

in addition to the apology statement, didi also halts its “hitch” ride services across china starting monday.

safe to use didi hitchhiking service in china? do you think so?

image | weibo

how does uber handle this problem?

a few years ago, uber launched its own hitchhiking business, uber pool. many americans associated this business with hunting women, and even called it “new tinder”. 

safe to use didi hitchhiking service in china? do you think so?

image | google

like the didi, incidents of uber drivers harassing or harming passengers have also been reported. in the past four years, at least 121 uber drivers have been accused in the united states, including 103 uber drivers and 18 lyft drivers. they are suspected of having rape, forcibly touching, and kidnapping.

in this regard, uber’s changes are

  • to check the drivers’ background and hire third-party companies to closely monitor. if a driver is charged with a crime, uber will be notified immediately. since early july, uber began to test the system and so far, 25 drivers have been disqualified.

  • to add an emergency button in the uber app that allows passengers to call the police in an emergency. once the call is connected, the passengers do not need to tell their address and uber will automatically locate the gps, passenger information, vehicle appearance, license plate and etc. the plate number will be automatically shared to the police dispatcher in real time. at the same time, it is convenient for passengers to share their locations with friends or family members.

  • after the driver is complained for the first time, uber customer service can block his/her account for at least 7 days.

  • if the passengers encounter danger and their family members want the driver’s information (such as license plates, real photos, etc.), they only need to report the passenger’s personal information such as the id number proves that you are the passenger’s family.

safe to use didi hitchhiking service in china? do you think so?