China Financial Daily

May 31, 2009

Into a complete poem: capital adjustment is to save or rescue the housing market developers

Filed under: Financial News — Tags: — lily @ 4:19 am -0700

Into a complete poem: capital adjustment is to save or rescue the housing market developers
The State Council recently announced capital investment projects in fixed assets ratio adjustment, involving many fields. The most attention, there are the ordinary commodity housing projects of the minimum capital ratio from 35% to 20% at rescuing the housing market or save the developers, would push up house prices or house prices down, a time divergent.

“Lively debate” there is a misreading of sound amplification. A website said:70% respondents think that this will lead to “ease the pressure on room rates funds, real estate developers to increase ‘resilience’ capacity, the final price up”, so there is no lack of words complained. This opinion comes from a long-term bias: It seems to sell the building when the Chinese do, real estate companies to do all collapse, so the pan-emotional, the judge will inevitably be missing a lot of calm. In fact, financial pressure on smaller developers will make efforts to raise prices is still to imagine the logic — to reduce the pressure to allow real estate investment pick up, the total real estate market should increase competition and pluralism intense, it should be dropped in favor of the price. How can the government simply trying to stabilize the real estate that is home to the whole world “HA slave” sorrow in jeopardy?

In fact, if a simple analysis of the ratio of capital to the house what will happen, it is inevitable that water into narrow-minded. The rise and fall of real estate must be placed in the pattern of the Chinese economy as a whole; adjusted capital ratio is a set of macro-control measures to study the significance of housing adjustment must also be combined with other adjustments in several areas.

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Wei wenbiao: introduction of complementary medicine approach to include the people when asked

Filed under: Financial News — Tags: — lily @ 4:18 am -0700

Wei wenbiao: introduction of complementary medicine approach to include the people when asked
Although the overall health reform program has been released April 6, but the overall health reform program is the framework, in principle the program, the only way out through the follow-up of supporting documents, new medical reform policies in order to really “fall.” And supporting the development and introduction of documents, should also be clear that as the medical reform program as a whole, set up to seek public views on the proposed link.

This is first of all documents by the medical reform in the interest of the people of the importance of the decision. Medical reform package to a large extent reflect Huimin, but through the introduction of supporting documents to the specific implementation of documents of medical reform in the interest of the people and the importance of self-evident. Medical reform policy as stakeholders, the public is clearly not in the medical documents to the lack of the development, should enjoy the right to say and suggestions, new medical reform policies of the Waste Management can be a reflection of a greater extent, the rights of people can be more effective maintenance and security.

Followed by the prevention of medical reform policy in the specific process of implementation and enforcement of the needs of the deformed shape. Documents the specific formulation and introduction of a number of departments involved in the practical interests, but also interfere with the interests of vulnerable sectors, some sectors may be doped, in which self-interest considerations departments, or departments to take care of the interests and balance the interests of the people suffer. If you solicit opinions and suggestions of people to absorb part of its reasonable, we can contain a certain extent, sectoral interests, but also to safeguard the interests of the people.

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500,000 people of Hong Kong in September by 800,000 people a tax rebate this year, do not pay tax

Filed under: Financial News — Tags: — lily @ 4:16 am -0700

500,000 people of Hong Kong in September by 800,000 people a tax rebate this year, do not pay tax
Hong Kong Special Administrative Region, Mr John Tsang, Financial Secretary that it had published “a basket” of relief measures should be sufficient to help the community tide over the economic difficulties this year. He also predicted that there will be 500,000 people in September to receive the tax rebate checks, 80 million people do not have to pay tax this year.

Mr Tsang attended a radio program today that the recently announced 16.8 billion relief measures, not to win applause, nor political considerations. He said that any measures are difficult to cover all people directly, but this time a number of measures introduced by the employment security should be able to indirectly benefit so that people from all walks of life. SMEs such as credit facilities, government loan guarantees to 80% by 90%, is to be more “borderline cases” in which, the Government will discuss with the banks, hoping to further relaxation of credit to enterprises, but most of the existing SMEs about the prime interest rate plus two per cent acceptable.

Mr Tsang said the Government’s credit guarantee scheme for SMEs, the last few months, 8, 1000 approved applications 160-17000000000 yuan, the company employed a total of more than 140,000 workers. Salaries tax, tax rebates from 6000 to 8000 the Hong Kong dollar Hong Kong dollar is expected to have 50 million people in September to receive the tax rebate checks, 80 million people do not have to pay tax this year.

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