China Financial Daily

June 25, 2009

China the next 12 months, such as utilities and information industries will be the highest revenue growth

Filed under: Financial News — Tags: — lily @ 8:26 am -0700

China the next 12 months, such as utilities and information industries will be the highest revenue growth
According to foreign reports, published by Townsend Reuters Thursday reported that profits in China is expected within the next 12 months, public utilities, information technology, industry and major consumer industry will have the highest earnings growth.

In addition, information technology and raw materials industry the next 12 months, earnings estimates in all 10 sections in the study, while financial firms have become the minimum.

In the past 30 days, optional consumer industry the next 12 months expected earnings in all of 10 plate registered the largest increase.

Townsend Reuters report on the Chinese market provides monthly earnings of the industry profit forecast consolidated amendments, the growth rate, valuation and performance compared with the analysts to analyze and comment is expected. The data reflected in the report include 360 market value of more than one billion U.S. dollars of Chinese enterprises.

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Henan six months to collect 34 million of counterfeit money counterfeit money fugitive captured first in the country

Filed under: Financial News — Tags: — lily @ 8:25 am -0700

Henan six months to collect 34 million of counterfeit money counterfeit money fugitive captured first in the country
Henan Provincial Public Security Department announced the news today that the national anti-counterfeiting “0 9 action” has been carried out, the province police linked more than the public security organs,?ഫ???٬ the detection of counterfeit money have been 94 criminal cases, the blow to deal with criminal suspects 258, the total face value of seized counterfeit money 33,918,500 yuan, ranking the number of counterfeit money seized Second, counterfeit money and arrested 73 fugitives who captured the first few ranks.

It is understood that since the anti-counterfeiting action, Henan police have detected a number of major cases. In mid-February, Luohe City Public Security Bureau clues from the start with a hundred dollars of counterfeit money, the destruction of an inter-city of 11 provinces of five crime networks, the collection of 2.06 million yuan counterfeit money. March, Puyang, Zhoukou grams even more than two million cases of counterfeit money seized 10.24 million yuan; May, Zhoukou, Xinyang, Zhumadian uncovered for more than five million cases, a collection of counterfeit money million.

According to the briefing, to expand the momentum of anti-counterfeiting operations, the public security organs at all levels in Henan Province launched a massive publicity campaign, the public report and expose counterfeit money trail of crime enthusiasm high. According to statistics, since the anti-counterfeiting action, the province’s public security organs in accordance with 67 people reported the detection of cases, the province accounted for 80 percent of total cases.

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Joseph Yam, Chief Executive of the HKMA: Hong Kong Monetary Reform in Europe and America should not be blindly

Filed under: Financial News — Tags: — lily @ 8:24 am -0700

Joseph Yam, Chief Executive of the HKMA: Hong Kong Monetary Reform in Europe and America should not be blindly
The author pointed out that the global financial crisis so that all regions of Europe and the United States brewing financial reform, and Hong Kong should pay close attention to, non-blind follow.

According to the news of Radio Television Hong Kong, Mr Yam said that, regardless of the financial system or the regulatory framework of financial reform levels, often are directed at the individual and the implementation of the financial crisis, but Hong Kong should be re-considered reforms in order to effectively prevent problems. This will be another crisis more effective than remedial measures.

Joseph Yam, said that although the authorities at any time to ensure that the leak can not be above criticism, but the goal is to make every effort to do our best at all times.

And the world financial system, no one can foresee all the inadequacies of financial innovation by the high returns for financial institutions to bring innovative incentives, but at the same time make it more difficult for regulatory authorities to master all in advance. Joseph Yam, the HKMA made the “hit rate” than most regulatory agencies are high.

In the face of this has been unusually severe financial crisis, Hong Kong’s monetary and financial system remain very strong, business as usual, is a big proof. However, Hong Kong can not be relaxed slightly, but remain vigilant, particularly in the pressure of self-awakening to the current commitment.

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