so DACx is building a portal for access into Bitshare decentralised exchange of "shares" in small and medium business in China, am I right?

similar to what Medici is to Counterparty?

Furthermore, what is your progress so far? and more info on the team would be greatly appreciated.
(the info is not for voting but for me to better be able to appreciate the gravity of DACx ).

Alright, does matter which fiat currency you short into right?
Whats the average yield for cny atm?

great work!
and the demos look amazing.
But there still can be lots of improvements. It would be better if we can make the "check-out-with-bitshares" experience (the moment you click pay with bitshares) similar to when you check out with the current paypal system. For examply, credentials, shipping info and accounts to choose to pay from are there (saved from previous uses), you just need to click. Is this something already planned?

anyway keep up the good job!

I think this is one good idea

i understand the use of fund for d2 but that of d1 was presented clearly enough.
some more exact details on that point would help

Whats the progress with light client?

Theoretically, the value of 1 bitGOLD will be equal to the value of 1 oz of gold in the real world. Noone is obliged to exchange 1oz of gold for 1 bitgold (the peg is not maintained by any central entity) but market agents have the incentives to maintain the peg.
Off-ramps (agent that offers to exchange 1bitgold for 1oz of physical gold) will allow you to directly "redeem" physical gold. Or you can go the indirect route bitgold-> bts (-> btc) -> usd -> physical gold.
Hope it helps