Tibet's First Brokerage House Opens The first brokerage house in the Tibet Autonomous Region, southwest China, opened in Lhasa on March 18. Its establishment will separate the operation and management functions of local trust business from that of securities transactions, saidXu Mingyang, vice-chairman of the regional government. It will also accelerate the development of the local stock market in the wake of the national strategy to revive western China and promote the rational exploitation of local natural resources, he added. The new brokerage has registered capital of 60 million yuan, and has set up business divisions in Lhasa and Shanghai. This has increased the number of universities in the park to 33.
Insiders say many prestigious domestic universities are lining up to join.
Struggling with a shortage of space, many universities have had to rent temporary sites to start postgraduate training programmes, set up enterprises and develop production items. The city now has 180,000 web surfers and more than 40 companies offering net services. Some 70 per cent of net surfers in the city use e-commerce to buy goods. Overseas offices IN a renewed bid to attract foreign investment, the city is to set up liaison offices in Nuremberg, Germany and Los Angeles, California, according to the Second Plenary Session of the Municipal Investment Invitation Commission, which was held on Thursday. Vice-Mayor Li Decheng promised at the session to further open the retail, banking,insurance, tourism and other sectors to foreign investors.