- Feb 8, 2009
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Shaolin Temple's kung fu monks prepare IPO
The 1,500-year-old Shaolin Temple, the birthplace of kung fu, is preparing for a 1bn yuan (£85m) initial public offering (IPO), government sources have confirmed.
Kung fu schools in Taiwan
TAIPEI - CHINA plans to open a kung fu academy and several cultural centres in Taiwan to promote martial arts from the mainland's famed Shaolin Temple, media on the island said on Monday.
Xu Guangchun, head of a delegation from central China's Henan province where the Buddhist monastery is based, said the project is expected to cost about 300 million yuan (S$62 million), said the United Daily News.