Economic Observer News- China business, politics, law, and social issues

TRANSPARENCY: Three More Central Ministries Publish Budgets Online; Following the lead of the Ministry of Land and Resources, the Ministry of Finance, Ministry of Science and Technology and the Ministry of Housing and Urban-Rural Development all published sections of their annual budgets on their websites yesterday. Though they have released details of the source of departmental revenue and their main expenses, the published sections do not contain detailed inform...; The Beijing Times | 2010-04-01

INVESTMENT: Securities Companies Given Permission to Launch Margin Financing Services; Six domestic security companies will begin offering margin financing services for stocks listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange as of March 31st. The new service allows investors to borrow cash from qualified securities brokers in order to buy securities or alternatively borrow equities from securities brokers in an attempt to profit by short selling. Currently, investor...; The Beijing News | 2010-03-31

CRIME: Shenzhen to Tackle Gang Crime This Year; Shenzhen police held a press conference yesterday to call on local gang criminals to surrender to the authorities within 30 days, as the local government has determined to take a tough position on tackling gang-related crimes this year. The police also announced the establishment of a 24-hour hot-line for citizens to make reports. This year, the Shenzhen police have already broken up seven gang gr...; Southern Daily | 2010-03-31

FINANCE: Profit of 594 Funds Exceeds 900 Billion Yuan in 2009; Benefiting from the recovery of China's A-share market, 594 funds of 60 fund companies gained a combined profit of 910.25 billion yuan last year, with their equity funds earning 873.9 billion yuan, amounting to 96% of the total profit. In 2008, the investment fund industry on a whole suffered a loss of 1.5 trillion yuan, among which, the loss of equity funds accounted for 1.46 trillion yuan.; China Securities Journal | 2010-03-31

TRANSPARENCY: Ministry of Land and Resources Publicizes its Yearly Budget; The Ministry of Land and Resources (MOLR) has released this year's budget on its website, becoming the first ministerial agency to publicize its budget since the central government promised to provide the public with access to the budget of government branches within the next three years. The budget shows that the main source of income of the MOLR is central government funds which account for 2 bi...; The Beijing News | 2010-03-31

URBAN PLANNING: "Ant Tribe" Suburb to be Rebuilt; Beijing Municipality yesterday began work on a project of "urban renewal" at Tangjialing, a suburb of Beijing that recently gained a lot of attention because it was home to many members of China's so-called "ant tribe", a moniker given to recent university graduates, often from the interior of China, who endure low pay, long commutes and poor conditions in the country's larger cities. The plan inv...; The Beijing News | 2010-03-30

EDUCATION: Mainland Students to be Allowed to Enroll at Taiwan Universities; Shan Yangzhong, director of Shanghai branch of China Senior College Exhibition Organization Committee, said some 2,000 mainland students would be able to study at Taiwan universities for one school term at their own expenses from September this year. This is the first time that Taiwan universities have admitted students from the mainland.; The Beijing News | 2010-03-30

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50 Beijing Villages to be Torn Down: Beijing plans to transform 50 key villages this year, according to statements made by the Beijing Planning Committee; Source:Beijing News

Stock Index Future Exchange to Begin Trading on April 16: After years of mock trading, the China Financial Futures Exchange (CFFEX) will finally begin business in earnest on April 16.; Source:China Financial Futures Exchange

YEAR-END SPECIAL: Year-end Special: China's Road to Recovery; A digital book tracing the economic developments that have shaped China over the past year...