New Horizon

Sichuan Meifeng Chemical Industry Co., Ltd., ZOOMLION Heavy Industry ＆ Science, Cathay Industrial Biotech Ltd., Goldwind Science and Technology Co., Ltd., KingsoftCorporation Limited, Shineway Group, SinoCells BioTechnologies Co., Ltd, Yingli Green Energy Holding Company Limited., Jiangsu Yanshen Biological Technology Stock Co., Ltd., Tianhe Titanium Industry Co., Ltd., etc., the majority of them have became the representative of Chinese excellent enterprises, no matter from the aspect of outstanding achievement, industrial leadership, management level, or development potential.     

Government Faces New Challenge

The second quarter data of venture investments in China can only lead someone to conclude, ＂This Pig is pretty.＂ The first full quarter in the Year of the Golden Pig has clearly shown that the venture ind.ustry will not be deterred from continuing to invest in the right opportunities across China.[第一段]     

New Attractive Business Model

Online 3D, item-based game development and operation is an attractive business model with the potential to produce outsized returns on invested capital and operating margins of at least 40%-45%.[第一段]     

A New Catering Space

The business which could let every Chinese spend one RMB on must be a big deal, the catering industry must be one of this kind of deals. As a freshman in the catertag industry, the interact catering booking is getting more and more attentions from VCs, such as dianping.com, 57575777.com, ziye114.corn, qingke800.com, and so on. According to the reporter＇s research, this kind of websites＇ characteristic and aim are getting commission from the restaurant by booking food or dinner for customer, or give customer discounts through the website.     

What's New in Finance?

This paper prepares a list of the 300 most cited articles published in the area of Finance during the period 2000–2006. The articles are ranked based on the ratio of the number of citations and the number of years since publication, as of August 2007. Citation data come from Google Scholar and cover all articles in 29 Finance journals and Finance articles in 21 Economics, six Accounting, and two Operations research journals. The paper also reports the number of highly cited articles by number of authors, journal, research area, and institution.     

New project? Don't analyze--act

In a predictable world, getting a new initiative off the ground typically involves analyzing the market, creating a forecast, and writing a business plan. But what about in an unpredictable environment? The authors recommend looking to those who are experts in navigating extreme uncertainty while minimizing risk: serial entrepreneurs. These business leaders act, learn, and build their way into the future. Managers in traditional organizations can do the same, starting with smart, low-risk steps that follow simple rules: Use the means at hand; stay within an acceptable loss; secure only the commitment needed for the next step; bring along only volunteers; link the initiative to a business imperative; produce early results; and manage expectations. Momentum is gained by continuing to act based on what is learned at each step. The launch of Clorox's Green Works product line is discussed as an example.     

New Rules Boost or Slump

Implementation Rules rettect Chinese governmental policies intended to encourage Chinese emerging companies to list on domestic exchanges.     

New Regulations Impacting Venture Investments

On 8th August 2006, the Ministry of Foreign Commerce of the People＇s Republic of China （＂MOC＂ or ＂MOFCOM＂）, along with the StateAdministration of Industry and Commerce （＂SAIC＂）, State Administration of Taxation （＂SAT＂） and State Administration of Foreign Exchange （＂SAFE＂） and joined by China Securities Regulatory Commission （＂CSRC＂） and Stateowned Asset Supervision and Administration Commission （＂SASAC＂）, issued new regulations on M＆A transactions in China. The new regulations, called the ＂Provisions on the Mergers and Acquisitions of Domestic Enterprises by Foreign Investors＂ （the ＂Revised M＆A Provisions＂）, will become effective on September 8, 2006. The ＂M＆A transactions＂ in the context of the Revised M＆A Provisions refer to equity and asset acquisitions, not true ＂mergers＂ in the U.S. legal sense.     

Ralph Parks＇ New Role

After the second time Ralph Parks step in China, he is not the Chairman of JP Morgan Asia-Pacific any more. Ralph Parks＇ new status is the Chairman of Oaktree Capital ,Management LLC （Oaktree） Asia-Pacific.Another PE enters China, another investment banking veteran enters the PE industry.     

New year's eve party?

Sometimes companies attempt to inflate reported earnings and assets by recording dubious transactions near the end of the fiscal year. Auditors often refer to such transactions as “New Year's Eve Parties”. This case study is based on reports in the business press about what appears to be a classic “New Year's Eve Party”. At the end of 1993 Bausch & Lomb (B&L) recorded some very questionable sales, which in essence involved B&L forcing distributors to take large shipments of inventory. The case, which is designed for use in auditing courses, requires students to consider indications of risks and to evaluate several accounting and auditing questions from the perspectives of an audit manager, a partner in charge, a controller, and a member of a quality review team.     

Summary Translation of the New Rules

After the implementation of Order of State Council No. 333 （the “Revised Telecom Regulations”）, which issued on December 11, 2001 and effective on January 1, 2002, thelations strictly. However, a number of foreign investor and domestic telecom companies evaded the regulations through the form of domain name and registered trade mark＇s authorization.     

Chinese WVAS New Regulations＇ Impact

On September 15, the Ministry of lnformation Industry （MII） issued 14 guidelines regulating the wireless value-added services.     

From New Public Management to New Public Governance? Hybridization and Implications for Public Sector Consumerism

This paper examines how variations in the notion of public sector consumerism become embedded in diverse governance practices. To this end, we extend the literature on public governance logics with insights from research on public sector consumerism and hybridization in public sector management reforms. Through a comparative, multi‐level analysis we trace the development of two governance logics largely corresponding to the distinction between New Public Management (NPM) and New Public Governance (NPG) in Swedish transport infrastructure policy. In contrast to research predicting or prescribing a relatively radical shift between such governance logics we show how they partly co‐evolved along two reform paths entailing notable variations in the degree of hybridization and the embedding of consumerist notions in emerging governance practices. In doing so, we draw attention to how the hybridization of governance logics is contingent on the alignment of diverse interests and differences in the process through which such logics are brought together. We discuss the implications of these findings for future research into public sector consumerism and hybridization in public sector management reforms.     

New development: New global health care PPP developments—a critique of the success story

Health care public–private partnerships (PPPs), where clinical services as well as infrastructure are delivered by the private sector, are coming under the spotlight as governments seek to achieve value for money in health budgets. Existing examples have been widely reported as successful. However, this article urges caution as a closer look at the evidence shows that handing over control of service delivery to the private sector is difficult to monitor and evaluate, carries cost implications which remain largely unquantified and can create additional risk.     

CleanTech, VC＇s New Interest

Dow Jones VentureOne and Ernst ＆ Young Global Year End Analysis Finds Significant Growth in ＂＇Clean Teeh＂ and Other Emerging Industries in year 2006.     

Getting Prepared for the New Income Tax Law

The long-waiting China unified corporate income tax law （＂CIT Law＂） was finally promulgated on March 16, 2007 and will become effective from January 1, 2008. Although the Government is still working on the details of the detailed implementation rules, the major changes include revamped tax benefits, the reintroduction of dividend withholding tax on dividends paid to foreign shareholders,[第一段]     

Potential Business Opportunities in Construction of New Towns

A Summarized Introduction to the 6 Key Towns in Beijing:The construction of new towns in Beijing means a cut-in point to the accelerated urbanization of rural areas in the suburbs of the City, and is a stimulus to the modernization of the rural areas and the urbanization of the capital city. In order to speed up the construction of towns in the suburbs,     

New MII Circular on Telecom and Internet Firms

On July 13, 2006, the Min istry of Information Indus try of the People＇s Repub lic of China （＂MII＂） issued a new notice concerning foreign-invested telecom and internet companies in China. MII＇s ＂Notice on Strengthening Regulation of Foreign Investment in and Operations of Value-Added Telecom Services＂ （the ＂MII Circular＂）, further clarifies the existing regulatory framework governing foreign investment in internet and other value-added telecommunications （＂ VATS ＂） businesses in China.     

New Industries Drawing VC＇s Attention in China

Ernst Young and Dow Jones Venture One Quarterly China Venture Capital Report Finds Significant Capital Directed Toward Energy and Healthcare but Overall Investment is Flat.[第一段]