CEW Editorial

P02| Auditing on local governments’ land-based financewill enhance self-discipline

Opinions

P17| Targeting cutting interest rates is useless

P18| Local government debtliquidity risk needs further management

P19| Plans of M&As must not mislead investors

Cover Story

P20 | Chinese High-speed railways to build up overseas markets

Special Report

P28 | Cheung Kong and Hutchison in the scandal of land reserves

P33| Institutional adjustment of provincial commission for discipline inspection

P38| Central Government-led Enterprise “acting cute” online

P43| United Imaging Healthcare:Costly Medical Instrument should be made domestically

Summit interview

P46| Wu Hequan: in next two decades, China will lead in world internet industry

Picture

P50| New Term Starts

P52| Models in 2014 China internet conference

Macro&Policy

P54| Central Government-led Enterprise executive pay will have ups and downs

P58| ‘Ice Bucket’ challenge and rare disorders in China

P61| Unique real estate registration system sets up

P63| Global IPO Trends 2014 1H

Regional&City

P66| A colliery’s land ownership dispute

Finance&Capital

P68| Chen Siqing’BoC interim financial statements?

Industry&Company

P70| China’s Auto Anti-Monopoly has far from finished

P72| Real estate E-commerce platform fights traditional Real estate agents

P76| China sportswear firm Li Ning sees its losses widen in H1

P78| Hong Gao Liang (Red Sorghum) chain :sell noodles via O2O commerce

International

P80| Mexico’s energy reform ends the 75-yr oil monopoly of PEMEX

Journey

P82| Sunshine on Tashkurgan town

Reading

P84| The Measure of Civilization

Column

P86| Prepare Yourself for a Great Career

P87| Not to worry the decline in housing prices in first-tier city suburbs