September 2000  No.281
Suspense Caused by Rmb1,300 Billion Assets
China Begins to Dispose of Bad Assets
Vice Minister of Information Explains the Accounting Policy of China Telecom
Seven Obstrutive Attitudes in the Introduction of Foreign Investment
"The Life's Value is Devotion"
HongKong Fuhua International
Trade and Economic News
China's Entry and Exit Commodity Inspection and Quarantine System
Chinese Companies Strive Jointly for Self Protection
Multinational Companies Adjust Strategies to China
Key Industries Take Favorable Turn
Survey of Chinese Mobile Phone Market
China's Railways Adopting Significant Reforms
Economical Cars to Lead China's Auto Market
Central Business District Established in Beijing

Service is Supreme
-Introduction to the Singapore Airine Company


Focus on GUIZHOU


Development/Technology
Cbw Development

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Hong Kong Fuhua International Group Co., Ltd.
Hong Kong Fuhua International Group Co., Ltd. is a famous multinational company registered officially in Hong Kong. Chairwoman Chen lihua is Member of the State Political Consultative Conference and renown entrepreneur; Director and General Manager Zhao Yong, young and capable, is Member of the Beijing City Political Consultative Conference.
Hong Kong Fuhua Group is a large scale internationalized enterprise engaged in property investment and development, production, trade, tourist services and property management. The Group is made up of Hong Kong Fuhua Corporation, Hong Kong Fuhua Investment (China) Co., Ltd., Hong Kong Fuhua Hotel Management Co., Ltd., Fuhua Group Australia Branch, Beijing Fuhua Furniture Co., Ltd., Beijing Changan Club, Beijing Fuhua Real Estate Development Company, Beijing Lee Court Apartment, Beijing Fuhua Property Management Co., Ltd., China Red Sandalwood Museum, Beijing Fuhua Jarding Aviation Service Co., Ltd., Beijing Jinbao Property Development Co., Ltd. and Beijing Yongjiali Decoration Engineering Company. With nearly 3,000 staff members totally and over 3 billion yuan fixed assets in Beijing, the Group's total investment value has reached 3.5 billion yuan, total property gross areas exceeded 1 million square meters.
Hong Kong Fuhua International Group, founded in Hong Kong at the beginning of the 1980s, aims at "high starting point, high investment, high quality" as its policy, insists on "honesty is essential, serving the society" as its philosophy, and takes over "be united, innovative and efficient" as its spirit. With a highly educated high-level management team, the Group developed fast and acquired visible achievement by means of its modernized management within 20 years, becoming a big international enterprise group, which drew worldwide attention by its leading market-oriented position and brand new operation and management ideas.
In particular, as a tribute to the 50th anniversary of New China, the China Red Sandalwood Museum, first theme museum in China where ancient furniture is collected, displayed, appreciated and researched, filled a blank in the protection for national culture heritages. It is also because Ms. Chen's contribution to Chinese traditional sandalwood sculptures that the U.S. Safanna Institute of Art Design granted her a doctorate degree, in recognition of what she has done for the world culture.
Today, Hong Kong Fuhua Group's investment and business projects in Beijing, Hong Kong, Shenzhen, Dalian and Australia are heading for the future steadily.

Sponsored by: China Council for the Promotion of International Trade
      China Chamber of International Commerce
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Tel: (86-10) 64974451  64974452   Fax: (86-10) 64974872    E-mail
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12 Xiaoying Lu, Chaoyang Dist. Beijing 100101,China