Shang Fulin, president of the China Securities Regulatory Commission (CSRC), said at the Asia Financial forum yesterday that the CSRC is revising regulations for Chinese enterprises looking to list in foreign markets. The new regulations will make it easi
The Beijing and Shanghai governments will lower their target GDP growth rates to 8% during the 12th Five-Year Plan. The lower target rates are expected to benefit economic restructuring. This is the first time the two cities have agreed to reduce targets
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
According to a source close to the NDRC, a new oil pricing mechanism will be introduced, but the exact date and the details of the price adjustment have yet to be determined. The current pricing mechanism has been in place for two years.
10 local and provincial officials have been found responsible after emissions from a battery factory in Huaining, Anhui Province caused abnormally high blood lead levels in 200 children. The officials, including the deputy head of county government Cao Zi
On January 12th, the General Office of the State Council issued a "notice for the national education system reform pilot project." The notice includes details about key areas of reform such as elementary education, vocational training, higher education an
The Henan Province Pingdingshan City Intermediate People's Court began retrial procedures for Shi Jianfeng this morning. Shi evaded payment of nearly 4 million yuan in highway tolls by using fake military licenses and documents. His original sentence, lif
China's central bank posted an official announcement on its website earlier this afternoon saying that to accompany the recent pilot program aimed at encouraging RMB cross-border settlement, to help domestic institutions expand their yuan-denominated dire
Starting this year, female workers of companies registered in Beijing without a Beijing hukou will be given access to maternity insurance. Migrant workers as well as foreigners working for Beijing companies will be covered by old-age insurance, according
The Chongqing government plans to install 500,000 security cameras in the city within the next three years. The new security system will automatically alert the police of robberies, muggings, and community intrusions.
The Shanghai government has reported their property tax proposal to the central government. This proposal will only cover families with an average per capita housing area of above 70 square meters and will not affect the property purchases of the middle c
Xie Zhigang, director of the public security bureau of Benxi City in Liaoning Province, was found dead a day after being interrogated by the local procurator. Xie's wife Wang Li claimed that her husband was tortured to death during the interrogation. Zhan
According to the China Association of Automobile Manufacturers, the production capacity of Chinese auto manufactures reached 18.3 million, a 32 percent year on year increase. Chinese auto sales reached 18.1 million in 2010, a 32 percent year on year incre
According to the SASAC, China's COEs gained a combined profit of 800 billion yuan in 2010. Locally controlled state-owned enterprises gained 270 billion yuan in profits. SOEs under the control of national provinces, municipalities, and autonomous regions
To protest the government decision requiring them to work Sundays, taxi drivers in Zhengzhou City in Henan Province went on strike on January 10. The Zhengzhou government has sent thousands of police to monitor the strike and force protestors to return to
The Ministry of Foreign Affairs has denied any connection between the Chinese government and last week’s espionage incident at Renault S.A. Some in the French media have expressed suspicions of Chinese involvement. The French government has so far refrain
To meet its annual targets for energy conservation and carbon reduction, Linzhou City in Henan Province stopped heating the homes of its citizens for six days. The current temperature in Linzhou is 10 degrees below zero. The local government gave refunds
Ma Delun, deputy president of the central bank, said in an article that the People's Bank of China is under pressure to issue more yuan notes and tackle counterfeiting operations. Ma insists that although demand for the yuan has grown 20% year on year, th
16 people died in a severe traffic accident in Xuchang City of Henan Province this morning. Wang Dezhou, deputy director of the provincial public security bureau, is currently working on-site. An investigation into the cause of the accident is underway.
