The draft version of China's Fund Law is currently soliciting feedback from the wider community. According to the draft law, greater supervision will be imposed on privately-owned funds and employees of public fund companies will be permitted to trade sha
At a meeting of the Political Bureau of The CPC Central Committee held yesterday, party leaders pledged to use every means available to prevent major economic disturbances and to maintain general price stability over the course of the 12th Five-Year Plan
The A-share market has increased by 9.52% in the 14 trading days since January 26, statistics from Wind data show. Meanwhile, of the 103 new stocks that have listed on either the Shanghai or Shenzhen exchanges since the market touched bottom on November 1
David Wei Zhe, the CEO of Alibaba, resigned yesterday, after accepting responsibility for the alleged fraud perpetrated by 1,107 users of the e-commerce portal in 2010. Li Xuhui, the COO of the online B2B company, also resigned. Lu Zhaoxi, former CEO of T
Yesterday, the All China Federation of Trade Unions published a report into the "new generation" of migrant workers. The results of a survey into salaries of these young migrant workers (defined as those born after 1980, but also over 16), revealed their
The Supreme People's Court has released a notice prohibiting court officials from randomly asking for a lot of information about particular cases that are the process of being dealt with. This new policy is aimed at curbing corruption.
Following the latest announcement from the central government requiring municipal-level government's to further tighten regulation of the housing market, ten cities, including Beijing, Shanghai, Qingdao, Guiyang, Nanning, Changchun, Chengdu, Ji'nan and Ha
China's state-owned enterprises have gained profits of 1.98 trillion yuan in 2010, up 37.9% on the level of 2009, according to figures released yesterday by the Ministry of Finance. However, only 44 billion yuan, roughly 5% of the profits, were passed on
The People's Bank of China, the country's central bank, posted a notice to its official website at about 6pm this evening announcing that it had decided to increase the reserve ratio of deposit-taking financial institutions by 0.5 percentage points, as of
The Ministry of Environmental Protection issued a notice yesterday afternoon that requires provincial-level environmental agencies to be more rigorous in their inspection of the environmental record of listed companies. The new policy will come in to effe
The State Administration of Foreign Exchange (SAFE) has released a notice saying that, although there is a small amount of hot money flowing into China, it is not the dominant source of capital flowing into the country's stock markets. According to SAFE,
In response to recent media reports that some domestic milk products may have been contaminated with leather protein, an unnamed official from the Ministry of Agriculture's news office yesterday told reporters that the ministry had conducted a thorough in
China's State Council announced yesterday that it will raise the subsidies provided to residents covered by either of the country's two medical insurance programs - the Urban Medical Insurance System and the New Rural Cooperative Medical System - from 120
The State Administration of Foreign Exchange will launch RMB foreign-exchange trade options starting April 1st of this year. The measure is aimed at providing domestic banks and businesses with tools to combat further fluctuations in the RMB exchange rate
Families without a Beijing Hukou will be required to provide five years of personal income tax and insurance receipts in order to buy a house in Beijing. The city government says the new regulations are aimed at curbing speculation. Beijing is now the fif
The State Council has stated in its executive meeting that it will work to promote the healthy development of the rare earth sector in five years. Plans include establishing a system of supervision and management for the rare earth sector, inspecting ille
The Ministry of Commerce has announced the dismissal of Guo Jingyi, the former inspector of contracts in the law department. Guo has been accused of receiving bribes. Rong Min, former deputy director of the department of law and trade, has also been dismi
The government of the coastal city of Sanya has demolished the city's largest slum, claiming that the slum was a fire hazard, caused pollution, and was difficult to manage. The Administrative Bureau of Sanya has stated that giving compensation to the loca
The Supreme People's Court released a notice claiming it will establish a risk evaluation system for large, sensitive cases. The cases will be those related to social stability and difficult to evaluate under existing laws. A detailed risk evaluation proj
