China Financial Daily

September 24, 2008

Provinces, Municipalities and Mutonomous Regions

Filed under: Financial News — Tags: , , — Nancy @ 7:14 pm -0700

Tianjin: from Oct 1st on, there must a be collective bargain for paying workers
Tianjin Xinhua channel reported on September 24th, Tianjin municipal government promulgated the “Tianjin collective wage negotiations”, which will be held on October 1st. On 23rd, Tianjin Labor and Social Security Bureau Director, Zhang Han made a detailed interpretation for specific policy in the new regulate, which enterprise, trade unions concerned about.

In the disaster areas there will be a resumption of commercial outlets loan interest subsidies
(reporter Gu Xiaoyu)It is reported that to support the earthquake-stricken area quick resumeing business network business to ensure the basic needs of people in the disaster areas, yesterday, the Ministry of Finance, the Ministry of Commerce jointly issued a circular to bear on the earthquake-stricken area to restore and protect the commercial outlets in the market and gave the task of freight and business loans interest subsidies.

The Second Asian manufacturing industry forum today opened in Shenyang
(reporter Gao Xiaohong and apprentice Su Sha)It is reported that the second “Asia Forum, the manufacturing sector” will be held Sept. 24-25,in Shenyang.The Forum will for the first time honor Asiatic well-known enterprises and benchmarking enterprises, Chinese manufacturing city, amd hold the “2008 Stars of Asia”, “Asia 2008 Chau Award for Enterprise, “” 2008 Chinese manufacturing city “awards ceremony,and the Shenyang Machine Tool Group was awarded the” 2008 Asia Award for Enterprise,Shenyang City was awarded the” 2008 Chinese manufacturing city. ”

Summer Davos Forum, the first invitation of the world’s more than 50 young scientists attending the meeting
Xinhua.com in Tianjin on September 24th reported (reporter Liu Yuanxu), Tianjin is about to begin in the summer of 2008 Davos Forum, for the first time to invite the world in the areas of more than 50 outstanding young scientists to explore new and innovative technology, as well as the future industrial development and corporate strategy impact.

Xinjiang’s first foreign-funded banks Bank of East Asia opened
It is reported from Urumqi that, after six months of intense preparations, Bank of East Asia (China) Co., Ltd. of Urumqi branch recently officially opened in Urumqi.

Profile of 973 Program
The National Basic Research Program (also called 973 Program) is China’s on-going national keystone basic research program, which was approved by the Chinese government in June 1997 and is organized and implemented by the Ministry of Science and Technology.

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September 21, 2008

Government

Filed under: Financial News — Tags: , , , — Nancy @ 8:16 pm -0700

Securities and Futures Commission: the implementation of a listed company to buy back without audits of regulatory commission
Yesterday, the China Securities Regulatory Commission released“ Supplemental Rules with regard to listed companies buying back shares by focusing on bidding transaction” (the draft).

Democratic amendment to 700 billion dollars rescue plan for CEO pay limit
Hexun news, according to the U.S.NBC TV( CNBC) on 21st Sept., reported that the U.S.Bush administration on Saturday (20) raised a total of 7000 billion dollars of financial rescue plan, and on the same day immediately sent to Congress to seek legislative approval.

Deputy Governor of Central Bank: Great concern of bank in the international financial market turbulence
“The Fifth China International Finance Forum ” is held in Shanghai, organized by Shanghai Lujia Mouth (600,663, shares) financial Expo Organizing Committee. People’s Bank of China Deputy Governor, Su Ning, director of the Shanghai headquarters, attended the forum.

Hong Kong Financial Secretary: AIG financial affairs integrity, policyholder need not worry
Hong Kong Commissioner of Insurance recently asked the two companies to submitted their latest financial statements. From the statements, their financial condition is both normal.

Ministry of Finance and other departments jointly issued a document: a small discount overdue loan guarantees
From the Ministry of Finance informed, that to do a good job in promoting employment and enhance the security of small loans to discount the financial management of funds, Ministry of Finance, People’s Bank of China, human resources Social Security recently jointly issued a “micro-finance loan guarantee fund management discount” to improve financial efficiency in the use of funds discount.

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