PacificNet (PACT), a CRM and value-added telecom services company in China, announced that its subsidiary PacificNet YueShen Shandong Branch has signed a partnership agreement to become a designated distributor of China Netcom (CN).

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With approval from the Beijing Civil Administration, the Beijing Communications Information Association IPv6 Application Promotion Commission was established yesterday. The Commission is the first of its kind in China committed to IPv6 network and technology development.

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eLong (LONG) has announced its 80% acquisition of Ray Time, a marketing and hospitality planning service provider for China's best hotels.

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In order to strengthen the economic integration between mainland China and Macao SAR, the Chinese government has approved China Unicom to acquire 49% of of Companhia de Telecomunicacoes de Macau, the largest telecom in the region.

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Shanda (SNDA) today announced that it has entered into an agreement to purchase approximately 29% of Korea's Actoz Soft Company, a developer, operator and publisher of online games. The all cash purchase transaction from shareholders of Actoz is worth approximately US$91.7 million.

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China Expert Technology (CXTI.OB) says that its e-government project in Jinjiang city has been selected by the Ministry of Information Industry as one of the four model locations for information and electronic administration training in the nation. The award was based upon the success of CXTI's initial phase of training of over 500 Jinjiang city officials using its electronic administration-training program, which was completed on November 5th, 2004.

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China Wireless Communications (CWLC.OB) has announced the appointment of Dr. Allan R. Rabinoff as the President of Beijing In-Touch Information Systems Company Ltd., the broadband telecommunications operating subsidiary for China Wireless.

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Radvision's (RVSN) videoconferencing infrastructure is going to link all of the courtrooms and select police stations into a single video network for the Supreme People's Procuratorate of Shandong Province.

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By Perry Wu
Various rumors of the RMB's impending appreciation have been running rampant the last couple of years, yet nothing has happened. However, in the last month these rumors have become more concrete. Hong Kong and overseas newspapers now quote top Chinese officials as saying the RMB's trading range might be loosened (which almost certainly means appreciating) during the next three to six months. And as the U.S. dollar continues to go further down the toilet, the likelihood of the RMB's impending appreciation only becomes stronger.

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With the formal implementation of yesterday's "Provisional Prescriptions On Television Program Production Of Joint Ventures And Cooperatives", foreign funds are now allowed for the first time to participate in China's domestic radio, film and television production industry.

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A new Chinese gaming rating system called the "Green Games Recommendation Standard" was formally released yesterday by the China Youth Network Association. The new system, similar to ratings for movies, will rank games based on different criteria.

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Internet cafes are starting to complain in local Chinese media about Shanda's (SNDA) monopolistic online game practices, and many of these cafes have vowed to block their users from using Shanda's software to games.

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With only six weeks left before the Las Vegas 2005 Consumer Electronics Show in the United States, many Chinese enterprises are stepping out of the exhibition as a show of support for colleagues denied visas to attend.

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Companies like Kingsoft and Redflag Linux are upset over the Beijing government's recent software acquisition negotiations with Microsoft.

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The new SMS Inter-link Settlement Agreement has finally been signed by China Netcom, China Unicom, China Telecom and China Mobile. This new agreement will soon enable normal GSM phone users to send short messages (SMS) to Little Smart phone users.

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