Policy
Huang Qifan named vice chairman of NPC Financial and Economic Affairs Committee
Huang Qifan, former mayor of Chongqing municipality, was named vice chairman of the NPC Financial and Economic Affairs Committee along with Zhu Xiaodan, Yang Xiong, and Liu Kun on Friday.
Shenzhen ideal for property tax pilot program, says expert
Shenzhen is now ideal for the expanded property tax pilot program. It can learn experience from Hong Kong to leverage more economic measures to address market issues, said one expert.
National panda park planned in Sichuan, Shaanxi, Gansu
A national panda park will be built in the provinces of Sichuan, Shaanxi, and Gansu, according to the recent pilot program for the national panda park system.
Guo Shuqing named head of China's banking regulator
Guo Shuqing, governor of North China's Shandong province, has been appointed as the new head of the China Banking Regulatory Commission.
Illegal debt guarantee of local govts probed for the first time
In January, the MoF looked into illegal debt guarantee of local governments for the first time.
Investment
Shenzhen to follow in HK's footsteps in transportation
An offcial from South China's Shenzhen urged the city to follow in Hong Kong's footsteps to build comprehensive transportation system featuring modernization, internationalization and integration.
Chinese Billionaires who do not hold bachelor degrees
The 100 listed Chinese billionaires, all without bachelor degrees, are sitting on an average fortune of 14.9 billion yuan (2.17 billion US dollars).
Chinese post-80s generation travels most in 2016
The majority of short-term travellers were aged between 27 and 37, also known as the post-80s generation, accounting for more than 60% of the total.
China's ODI dropped to $7.78 bln
Investing in 983 overseas companies in 108 countries and regions, the Chinese companies have paid special attention to the real economy and emerging industries.
Shanghai to promote ESOP in SOEs of mixed ownership
Shanghai is to select 5 to 10 State Owned Enterprises (SOEs) of mixed ownership to launch trial program of an employee stock ownership plan (ESOP).
Market
Rising raw milk price stresses dairy producers
According to the report provided by Ministry of Agriculture of the People's Republic of China, the wholesale price of raw milk is on the rise while retail price drops slightly.
China tightens refinancing rules for listed companies
China Securities Regulatory Commission revised the rules for secondary offerings of listed companies and specified roles for regulators in guiding proper refinancing last Friday.
Placement agents eye on index futures
China Financial Futures Exchange announced on its website last Thursday to relax curbs on stock-index futures trading. Some private placement agents said stock-index future products are under evaluation and they are going to invest in them next week.
Summitview Capital Management Limited denies involvement in Yin's fraud
Summitview Capital Management Ltd., former employer of Yin, is a Hong Kong-based private equity firm. NBD was told that Yin had resigned on February 8 for personal reasons. And the company denied any involvement in his fraud.
2.066 bln yuan floods into Shanghai equities Monday
On Monday, HK investors sent 2.776 billion yuan (404.64 million US dollars) into the A-share market with 2.066 billion yuan (301.15 million US dollars) flowing to Shanghai equities.
Luxury cigarettes staging a comeback
Workers of China Tobaco (Beijing) reminded citizens that they can report the irregularities if the license number on each carton are not identical with that held by tobacco retailers.
Companies
Huawei denies car manufacturing rumors
Huawei denied the widely spread report that it will make inroads into the car manufacturing area.
Ping An Technology shines in face recognition
Ping An Technology has scored 99.60% accuracy in face recognition tests, marking the company in world leading place in the field, according to Labeled Faces in the Wild (LFW), an international authentic data base of face recognition.
Zhang Yin regains wealth from waste
Figures indicate that Zhang Yin, founder of Nine Dragons Paper (Holdings) Limited, has become the second richest business woman in Mainland China, possible to top the female rich list considering the company's growing share price.
Stanford plus Silicon Valley model commences in Chengdu
The initiative based on "Stanford plus Silicon Valley" model, by Chengdu Hi-tech Industrial Development Zone and University of Electronic Science and Technology of China, in Southwest China's Chengdu, commences operation Wednesday.
China's leading clothing group Bosideng is to exit the UK market, after operating for over 4 years in the country.
Chengdu Opening-up
Chengdu creates home to global talents: Innovation and entrepreneurship
Innovative urban program "Home in Chengdu Innovation and Entrepreneurship - Technical Tours & Reception for Consular Offcials 2017" was held Wednesday in Chengdu, provincial city of Southwest China's Sichuan Province.
Chengdu delineates boosting economic panorama 2016
Chengdu's gross production in 2016 reached 1217.02 billion yuan (176.89 billion US dollars), with 7.7% year-on-year growth calculated at comparable prices, 1% higher than national average, according to release Tuesday.
Audi to introduce 13 new models in China
Audi will introduce up to 13 new models in China to meet diverse customer demand. Six Audi e-tron models will be produced locally in the country over the next five years.
Wenjiang welcomes Lantern Festival with folk performances
Traditional folk performances were held in Chengdu’s Wenjiang district on Feb 11 to celebrate the Lantern Festival.
Chengdu imports growth reaps No. 1 of sub-provincial cities
Imports and exports value of Chengdu totalled 271.34 billion yuan (39.50 billion US dollars) in 2016, of which the imports climbed by 31% year-on-year and tops, for the first time, the rank among national sub-provincial cities.
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