News

Chengdu-US Direct Flights Could Start This Year

Chengdu will hold the Tenth Asia-Pacific Air Route Development Forum in April this year. Airlines including American Airlines, Delta Air Lines and United Airlines will be invited to discuss the opening of the passenger and cargo routes from Chengdu to the US.

RBS Starts UK-Based China Office

The Royal Bank of Scotland has set up a dedicated office in London to help EU and Chinese firms do business, a reflection of the UK's ambition to become a major offshore RMB trading hub.

RBS says the office will offer advice and assistance to companies engaged in CHina business, including information on regulatory standards. The team will be led by Janet Ming, head of corporate sales in Shanghai for the UK in China. HSBC also have a similar strategy, which is introducing offshore RMB services with Paul Gooding in the lead, their former head of  credit trading in Europe.

China-UK Air Show Deal

Britosh Air Show organizer Farnborough International Limited has signed a deal with Zhuhai Airshow Company to extend their reach in the Chinese market. The agreement will mean stronger links between the two companies with Farnborough International taking a stand at the Chinese Airshow in November.

UK Engineering Company Wins China Contracts

Patrick Parsons, an engineering firm based in the North-East of England has secured several new projects in China for later this year. Working with the Chinese tourist board, Patrick Parsons  held a series of meetings with companies and government officials across China. Patrick Parsons MD Peter Stienlet and Chin Joon Gan of Doyle Consulting Engineers, which the Parsons Group recently acquired,participated in the trip which was supported by UK Trade and Investment (UKTI) and the China-Britain Business Council (CBBC).

UK Hotel Group Looks to Far East for Growth

UK-based hotel giant InterContinental Hotels Group is continuing to look to Asia for growth in 2012. Profits for the group were up 25% in 2011, much of which can be attributed to the addition of several new properties in the Chinese market. Emerging markets such as China, and also India are expected to be key in the groups future search for growth.

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