Beijing Airport Lantian Mansion (3 Star) Introduction

Beijing Airport Lantian Mansion Hotel, affiliated with Beijing Airport Zone, is a three star hotel with a convenient and graceful environment, located only 10 minutes drive away from Beijing Capital Airport.

It is equipped with 60 comfortable guestrooms, including a Chinese style dining hall, perfectly equipped gym %26 recreation center, large and small meeting rooms, commercial center, and air-ticket booking, etc. FREE PICK-UP AND DROP-OFF!!!!

Beijing Airport Lantian Mansion also provides free pick-up and drop off service for the clients. So remember to contact us with your full name and your flight schedule before your arrival, so that the hotel can be informed of the right information and pick you up at Beijing Airport on time.

Check out is 12:00 noon. Unless upon request, the hotel will only keep the reservation till 18:00. The rates may change from time to time as advised by the hotel - especially during special holidays or local festivals where room situations are tight. Special holidays include Labor Day Week in May, National Day Week in Oct and Spring Festival Week (Chinese New Year)

The hotel reserves the rights to change the rates and terms without prior notice.

 

Beijing Airport Lantian Mansion(Beijing) Environment: 5kms to the Airpport; 30kms to the Railway Station; 30kms to the City Center; 5kms to Airport-Industrial District;
Surrounding landscape: PANASONIC CORPORATION, JVC CORPORATION, ERICSSON CORPORATION

Beijing Airport Lantian Mansion Address: Tianzhu Konggang Industrial Zone, A Area, West Side of Capital Airport, Beijing 101312
Equipment: Air Conditioning, Free Airport Transfer, Money Exchange, Indoor Swimming Pool, Ping-pong Room, 24-hour Hot Water Supply, Bar %26 Lounge, Billiards, Business Center, Restaurants, Six-channel Binshiyu Bowling, Kara-Ok Dancing Hall

Beijing Airport Lantian Mansion Memo: Check out 12 noon.
Rates may be subject to surcharge during peak periods.
Above rates includes service charge.
Free airport pick-up service(6:00-23:00).
Chinese breakfast: RMB10 per person.
The rooms can be kept until 22:00pm.

Beijing Beijing Airport Lantian Mansion Position:

 

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China using big equity offers to cool market

SHANGHAI, Jan 21 (Reuters) - The announcements of three big equity offers in China, including a monster $20 billion cash call by the country's second biggest life insurer, may signal a new determination by the government to cool the stock market.
News of the offers, as well as tumbling share prices in Hong Kong and other global markets, sent China's main stock index plunging 5.1 percent to a one-month low on Monday.
The main trigger was Ping An Insurance (Group) Co, which said at the weekend that it would sell as many as 1.2 billion new local shares and up to 41.2 billion yuan ($5.7 billion) of convertible bonds with warrants.
Based on Ping An's closing stock price of 88.39 yuan on Monday, the sale could in total raise almost 150 billion yuan -- by far the largest equity financing in China's domestic market.
"The government has found the weapon to cool the market -- supply," said Ren Chengde, senior analyst at Galaxy Securities.
"It may not hope the stock market will fall so much that it becomes undervalued. But it does want to squeeze out the part of the stock bubble caused by China's excess liquidity."
The Shanghai market almost doubled in 2007 after rising about 130 percent the previous year.
The government's desire to cool the market may be fuelled by signs that consumer price inflation is not coming down as fast as hoped from November's 11-year high of 6.9 percent.
Official sources said December inflation, expected to be formally revealed this week, was 6.5 percent. But rising food prices have many analysts predicting a new high in January.
The government showed its alarm last week by placing price curbs on a range of basic foods, its heaviest such intervention in over a decade. While food is the main source of inflation, officials have said surging asset prices may be contributing.
When it felt the stock market's bull run was getting out of hand in May last year, the government hiked the trading tax. But that was met by a public outcry as the market fell 20 percent in a week, exposing the government to accusations that it was hurting small investors.
By using fresh supplies of shares instead of direct administrative measures, authorities can claim they're following market principles and helping build Chinese companies.
CONSTERNATION
Ping An's announcement was met by consternation in the markets. Previously, China's largest domestic equity sale was the 66.8 billion yuan raised by oil giant PetroChina in its Shanghai initial public offer last October.
Ping An said it would use the money as capital and for acquisitions compatible with its core business. It did not elaborate.
"I don't understand what sort of big acquisitions Ping An needs so much money for," said money market analyst Duan Yunfei at Merchants Bank, a major Chinese bank.
"The domestic equity market cannot easily cope with such a huge fund-raising, and the money market doesn't have enough money to cope with it given the slew of other large offers."
Also at the weekend, China Coal Energy Co, the country's second-biggest coal producer, said it was launching an IPO in Shanghai worth up to $4.5 billion, which would make it China's 10th biggest.
And the securities regulator said it would consider on Wednesday a proposal for a Shanghai IPO by China Railway Construction Corp, one of the biggest construction firms. That could mean another cash call of about $3 billion in Shanghai.
Most analysts do not believe the government is actively pressuring the state-run companies into issuing equity. But it can easily create periods of heavy new share supply by adjusting the timing of regulatory approvals for new issues.
One theory is that firms are rushing to raise funds now since they fear the stock market will slow later this year, as Chinese monetary policy tightens further and the U.S. economy possibly enters recession. If so, regulators seem happy to allow the rush.
"I don't think the government is directly behind these share issues. But it's clear that regulators are no longer trying to limit the supply," said Zheng Weigang at Shanghai Securities.
The timing and mechanics of Ping An's sale are unclear. It described the sale as an "offer", not a private placement which might have have less impact on markets, but analysts think the sale may be adjusted if necessary to limit the impact.
Analysts said the offers by China Coal and China Railway were still likely to attract strong demand, since domestic Chinese IPOs are typically priced attractively to ensure that the stocks enjoy strong debuts.
But Ping An is likely to meet poor demand if it tries to sell as many shares as its announcement suggested, analysts said. Its Shanghai shares plunged their 10 percent daily limit on Monday.
"We're not sure of the regulatory situation behind this slew of major offers, in particular Ping An's record fund-raising," said a senior trader at Guotai Junan Securities.
"But we question the wisdom if authorities want to push share prices down in this way. If investor confidence is destroyed, the market will fall even more than it did in May last year." ($1 = 7.24 yuan) (Editing by Andrew Torchia & Lincoln Feast)

China Insurers Lag Hang Seng on Concerns Stock Gains Will Fall

Jan. 22 (Bloomberg) -- China Life Insurance Co. and Ping An Insurance (Group) Co. paced declines in the shares of Chinese insurance companies today on concern that a decline in the value of their stock investments will hurt earnings.

China Life, the nation's biggest insurer, headed for a seven-month low, dropping 15 percent to HK$28 in Hong Kong trading at the 12:30 p.m. lunch break. Ping An, China's second largest, trimmed 12 percent to HK$60. The Hang Seng lost 8 percent, headed for its biggest two-day slump in a decade. China's benchmark CSI 300 Index fell 6 percent as of 1:30 p.m., headed for its biggest two-day decline in almost eight months.

``Investors are concerned that the rout will eat into earnings for Chinese insurers,'' said Liu Yang, who helps manage $4 billion as managing director of Atlantis Investment Management Ltd. in Hong Kong. ``If the stock markets continue to fall, their balance sheets will start hurting in about six months.''

Profits at domestic insurers have been powered by China's surging stock market, the world's best performer last year. Shenzhen-based Ping An depends on investment gains from stocks and bonds for about 30 percent of revenue.

Twenty insurers, including China Life, Ping An and PICC Property & Casualty Co., the nation's largest property insurer, received licenses to invest overseas, mostly in the Hong Kong market, the industry watchdog said on Nov. 30.

PICC tumbled 20 percent to HK$7.18 on the Hong Kong bourse, on course for its biggest fall since the shares started trading in November 2003.

Share Sale

Investors are also concerned that Ping An's plan to issue as many as 1.2 billion new shares in Shanghai will dilute shareholder value, according to fund managers.

Ping An has lost 74.7 billion yuan ($10.3 billion) in market value since the Jan. 18 close on the Shanghai bourse, when it announced the planned share sale. The insurer is seeking to replenish capital after investing 1.81 billion euros ($2.6 billion) in Fortis, Belgium's biggest financial company, to become its largest shareholder.

``Shares are tanking because investors are worried about dilution,'' said Lu Yizhen, who oversees the equivalent of $1.3 billion at Citic-Prudential Fund Management Co. in Shanghai. ``For Ping An it looked like a good time to sell shares because prices were so high. But the whole market's down right now, and funds and other institutional investors have little appetite.''

Ping An could raise 106 billion yuan, based on yesterday's closing price. The final price will be set at no lower than the average closing price of Ping An's Shanghai-listed shares in the 20 trading days prior to the listing document's publication or on the day immediately prior, the statement said.

Third-quarter profit more than quadrupled at Ping An, part- owned by HSBC Holdings Plc, as the insurer booked investment income of 17 billion yuan in the period.

China Life, based in Beijing, pulled in investment income of 20 billion yuan in the three months ended Sept. 30.

China's Main Stock Index Falls 7.2 Pct

SHANGHAI, China - Chinese stocks plunged Tuesday, with the benchmark Shanghai Composite Index falling 7.2 percent to its lowest close since early August amid the second straight day of global declines.

The drop, and the losses in many major markets, reflected growing fears of a sell-off on Wall Street once markets reopen in the U.S. following a public holiday on Monday, analysts said.

The Shanghai Composite index lost 354.69 points to 4,559.75, its lowest close since Aug. 2, when it ended at 4,407.73. The Shenzhen Composite Index of China's second, smaller exchange fell 7.7 percent to 1,337.24.

Trading was volatile, with the Shanghai index falling sharply in the morning, recovering some lost ground by midday, and then plunging again by more than 8 percent in the afternoon.

"Panicky investors are selling now because they're afraid China's stock markets will tumble further tomorrow following the U.S.'s expected overnight losses," said Zhang Yidong, an analyst at Industrial Securities.

Across the region, Japan's benchmark Nikkei index plunged 5.7 percent to its lowest close in more than two years, while Hong Kong's Hang Seng Index was down 8.8 percent by late afternoon.

Share prices fell sharply Monday in Asia and Europe following Wall Street's declines last week amid pessimism over a U.S. government plan to prevent a recession.

China's yuan-denominated "A shares" are generally off-limits to foreign investors, and other restrictions have tended to isolate the mainland Chinese markets from global trends.

But the recent uncertainty over the global economic outlook and reports that Chinese banks may be facing significant losses from their exposure to the U.S. mortgage crisis have rattled local investors.

"The sharp decline actually shows China's rising position in world financial markets," said Peng Yunliang, a senior analyst at Shanghai Securities.

"China cannot be isolated from international markets since its economy is now closely linked to the rest of the world," he said.

The Shanghai benchmark has fallen 13 percent since the beginning of the year, after nearly doubling in 2007.

Banks and other financial companies led declines. Industrial & Commercial Bank fell by 8.5 percent to 6.92 yuan; Ping An Insurance fell by the 10 percent daily limit to 79.55 yuan and market heavyweight PetroChina slipped 4.7 percent to 26.18.

Flag carrier Air China fell by the 10 percent daily limit to 24.73 yuan amid signs that smaller rival China Eastern Airlines is rebuffing a tie-up with Air China's parent company. China Eastern also fell by the 10 percent limit Tuesday, to 17.47 yuan.

In currency dealings, the dollar was at 7.2362 yuan around 0730 GMT on the over-the-counter market, down slightly from Monday's close of 7.2365.

Dandong Culture

"Magpie Dress" in Yunnan In the Yunnan local dialect, a small intermontane plain is called a bazi. Baofengba in Puning County is a village inhabited by the Hans. When I saw Luo Meiying, the township leader, she wore a typical peasant dress: a black cloth scarf wrapped apron on her head, a white tight jacket covered with a b ...
Chinese Cheongsam (QIPAO)
The cheongsam is a female dress with distinctive Chinese features and enjoys a growing popularity in the international world of high fashion.The name "cheongsam," meaning simply "long dress," entered the English vocabulary from the dialect of China's Guangdong Province (Cantonese). In other parts of ...
Chinese Dress Adornments
Food, clothing, shelter and tranportation are usually regarded the four most basic neccessities of life by Chinese people.In ancient society people lived in crude caves, naked. During the New Stone Age they invented bone needle and began to sew simple winter dress with leaves and animal skins. With ...
Colours and Clothing
ColoursIn Chinese culture there are three central colours: red, black and white.Red, being the colour of blood, symbolises the positive aspects of life such as happiness, wealth, fame etc. Red is always associated with good luck.Black, being the colour of faeces is associated with dirt, sin, evil, d ...

Global giants on pollution blacklist in China

Forty multinationals are among some 4,000 firms on an air pollution blacklist released Thursday.

Top companies such as Michelin China, Sina-Mars Group APP in China, the joint ventures of Toyota and Ford, and subsidiaries of Sinopec figure on the list of the China Air Pollution Map (http://en.tour9.cn), compiled by the Beijing-based non-governmental Institute of Public and Environment Affairs (IPEA).

"We started collecting the records of polluters in 2004," said Ma Jun, director of the institute.

Besides information about the polluters, the institute's latest database also records air quality and air pollution sources in 150 cities in the southern parts of the country.

Ma said the institute gets polluters' information from local and central environmental protection departments' websites or from news reports.

The air pollution map is the second such blacklist launched by the group. The China Water Pollution Map has made public details of about 9,400 water violations since last year, including those involving up to 280 foreign firms.

The water map has led 50 companies, including two local players, to respond; and two have cleared their names so far. To get their names removed from the blacklist, the companies need to comply with the rules and undergo a third-party audit.

Ma expressed the hope that the lists will pressure polluters to make improvements and encourage more people to join in the clean efforts.

The blacklisted companies should move to "provide the public with an open explanation and mend their ways," Ma told China Daily.

He said the air pollution map is only partial and more information about northern China will be released.

"Access to information is a pre-condition for public participation," said Ma. "And China has progressed in disclosing environmental information."

Tibet sees sharp increase in tourists in first 10 months

Tibet received 3.72 million tourists in the first 10 months of 2007, a year-on-year increase of 64 percent, said the regional tourism bureau on Friday.

The region's tourism revenues were 4.4 billion yuan (600 million U.S. dollars) from January to October, up 84 percent from the same period last year, said the Tibet Tourism Bureau.

Tourist arrivals from Japan reached 78,000 in the first 10 months. Japan has become Tibet's biggest source of overseas tourists, followed by the United States. The U.S. had 58,000 tourists travel to Tibet in the first 10 months.

The bureau said the region received 350,000 overseas visitors in the period under review, 150 percent up from the same period last year.

Improved transportation, especially the opening of railway service last year, and overseas promotional drives contributed to the sharp growth of tourism, the bureau said.

The region had 2.5 million tourists last year and reaped 2.77 billion yuan in total tourism earnings, accounting for 9.6 percent of the region's gross domestic product.

more news about China travel at en.tour9.cn

American Express Business Travel Announces Results of 2007 China Business Travel Survey

American Express Business Travel Announces Results of 2007 China Business Travel Survey
China as a maturing market increases focus on managed business travel

Over half of the companies surveyed expect an increase of business travel expenses in 2008

SHANGHAI, China--(BUSINESS WIRE)--American Express Business Travel today announced the results of its 2007 China Business Travel Survey (The Barometer) at the third American Express China Business Travel Forum (CBTF). Fifty-three percent of companies surveyed expect an increase of business travel expenses in 2008, due to an increase in the development of business and trade in China and within Asia Pacific. The China business travel market is also maturing with increased focus on Travel & Entertainment (T&E) management.

The Barometer was conducted by Research International from May to August 2007, interviewing 230 Chinese and foreign companies with 100 and more employees in six key industries in Shanghai, Beijing and Guangzhou. Findings of The Barometer provided organizations, vendors and suppliers with the latest information of the T&E management practices and outlook of the market for 2008 in China.

The Barometer shows continued growth in T&E expenses in China:

46% of companies experienced increases in their T&E budgets, compared with last year at this time when only 28% of companies had experienced growth in their T&E budgets.
The Chinese business travel market is very similar to the US market in that it is self sufficient and the majority of expenditure takes place domestically – 69% of expenditure takes place in Mainland China.

T&E expenditure remains the second largest controllable cost for companies within China. The percentage of employees going on business trips is up from 28% in 2006 to 33% in 2007, and 60% of employees are generating T&E expenditure compared to 56% in 2006. Meals & entertainment continued to be the largest portion of business travel expenses, followed by air travel and hotel/ accommodation.

The Barometer reveals that companies in China have been paying greater focus in optimizing and controlling T&E expenses, showing that business travel market in China has become more mature and structured over the last few years:

More companies have policies for controlling T&E expenditure – 81% of the companies surveyed indicated that they have a T&E policy, up from 70% last year.
Compliance rates for T&E policies are improving – this year 47% of companies have a compliance rate above 50%, up from 28% of companies last year, with similar compliance rates for both Chinese and foreign owned companies.

86% of companies surveyed measure the efficiency of their T&E policy, compared to 69% in 2006. The most common method used by companies measuring their T&E policies is measuring whether or not expenditure is in line with the T&E policy, i.e. using preferred suppliers and using negotiated fares for air travel.
Business travel is becoming more managed as more and more rates for air travel and hotel accommodation are negotiated – 93% of companies have rules for air travel compared to 87% in 2006, while 93% also have rules for hotels compared to 90% last year.
Almost half of the companies surveyed are using a travel agency for business travel, compared to 34% in 2006. However, more foreign owned companies are using travel agencies than Chinese owned companies.

“We are impressed by the strong growth momentum of business travel in China, and its rapid pace in developing into a managed business travel market,” said Mr. Gregor Lochtie, Vice President and General Manager, Greater China, Business Travel, American Express & General Manager China, CITS American Express Business Travel. “From The Barometer, we saw that companies operating in China have paid more attention than before to look for opportunities to optimize and control their T&E expenses, an investment that can improve their bottom line. American Express is well positioned to capitalize on this growth opportunity and assist companies with world class business travel management solutions.”

The Barometer also captured opportunities for corporations in China to optimize maximum control over T&E spending:

The internet is becoming a much more important means of booking business travel because it is convenient, easy to use and fast. (61% said they use online tools, up from 37% last year.) New online tools which can provide maximum convenience, flexibility and efficiency will be welcomed by corporations.
While more companies are using a travel agency for business travel (48% this year versus 34% in 2006), only 15% of companies use a sole travel agency for business travel, with the vast majority using two or more. In such a situation, companies are not benefiting fully from using a travel agency as expenditure is spread over a number of agencies, making expenditure more difficult to control. The main selection criteria remain the competitive price for each ticket bought, with national coverage being the second most important criteria. In fact, companies should also leverage on the travel management consultancy capabilities of travel agencies, which is not yet a priority for most companies.
Cash remains the most common method of payment for companies operating in China and use of corporate cards had declined, all indicating a need for further education on the advantages of modern payment methods which enable companies to have a central billing system for all expenditure carried out by their employees.
“T&E expenditure is an important element in doing business and it continues to increase for companies in China. It is thus critical for companies to optimize maximum control and identify cost saving opportunities. American Express will capitalize on the knowledge and build on our success in the market to help companies improve their T&E practices and achieve their T&E management goals. We have the core values which corporations are looking for in a travel agency as indicated by The Barometer: global coverage, reliability and quality customer services,” said Mr. Gregor.

About the American Express China Business Travel Forum

The China Business Travel Forum (December 4 and 5) is created and hosted by American Express Business Travel and the Shanghai International Conference Management Organization, a subsidiary of Shanghai Municipal Tourism Administration Commission. It is a business-to-business educational conference, designed to showcase the business travel industry, foster business relationships and further business travel in China, both internally and externally. The Forum, which was first held in Shanghai in 2005, is the first-ever event of its kind in China and features a wide variety of exhibitors including leading airlines, hotel chains, car rental companies as well as technology companies.

About CITS American Express Business Travel

Established by American Express and China International Travel Service (CITS) in 2002, CITS American Express Business Travel is the first Sino-US business travel joint venture in the People’s Republic of China. With offices in Beijing, Shanghai and Guangzhou, the joint venture provides a wide range of business travel management services to optimize business travel investments for multi-national corporations, regional and domestic companies throughout the PRC.

About American Express Business Travel

American Express Business Travel, a division of the American Express Company, is dedicated to helping its clients realize the greatest possible value from their investment in travel through increased cost savings, outstanding customer service and greater spend control. For small businesses, medium-sized enterprises and multinational corporations, American Express Business Travel provides a combination of industry-leading booking technology, travel management consulting expertise, strategic sourcing and supplier negotiation support and customer service available online and offline, around the world.

American Express operates one of the world’s largest travel agency networks with over 2,200 travel service locations in over 140 countries and territories worldwide. The Company processed US$21.8 billion in global travel sales in 2006.

American Express Company is a leading global payments, network and travel company founded in 1850. For more information, visit www.americanexpress.com.