Renhuang Pharmaceuticals, Inc., a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines, has appointed Xiaoying Lu as its interim chief financial officer, while the company seeks a permanent replacement.
As the business landscape shifts, audit committees, CEOs and CFOs are demanding more from their internal audit function than ever before, according to a new report from Korn/Ferry International and The Institute of Internal Auditor’s (IIA’s) Audit Executive Center.
The emergence of a rising middle class in fast growing Asian economies such as China and India will boost spending in the region which is estimated to reach US$32 trillion by 2030, reports the South China Morning Post, citing the Asian Development Bank.
Universal Travel Group, a travel services provider in China, has appointed Jing Xie as the company's interim chief financial officer, effective August 17, 2010. Xie has been serving as the company's director and secretary since December 29, 2006. Xie served briefly as the company's CFO from February 13, 2009, to August 17, 2009.
Representatives of Hong Kong's unions insist that the statutory minimum wage rate must be no less than HK$30 (US$3.86) an hour, but businesses assert that the rate should not be more than HK$28 (US$3.60), reports the South China Morning Post.