 |
CBRC:QDII Policies to Bring More Opportunities for Foreign Banks
|
| |
An array of policies and rules including QDII will have the following 5 highlights encouraging business expansion of foreign banks in China, according to China Banking Regulatory Commission.
|
| |
|
|
China Facing More Trade Conflicts
|
| |
China is facing more and more trade conflicts along with its faster development, opening market and entrance into a key transition period since it joined the World Trade Organization (WTO), an official with the Ministry of Commerce has said.
|
| |
|
|
US Investor to Take Control of Shenzhen Bank
|
| |
Newbridge Capital, the US-based investment giant, is to take control of a state-owned Chinese bank by purchasing about 18 percent of the bank's shares from its four state owners in a landmark deal, according to a bank announcement.
|
| |
|
|
Supervision of Banks Paying off
|
| |
The China Banking Regulatory Commission (CBRC) said Thursday its recent efforts to strengthen the supervision of banks and contain their lending risks have shown good results.
|
| |
|
|
Drive to Strengthen Circulation Sector
|
| |
China will meet intensified competition resulting from its World Trade Organization (WTO) membership by building a batch of internationally competitive circulation companies.
|
| |
|
|
Foreign-funded Supermarkets to Enjoy Simplified Government Procedures
|
| |
Beginning June 1, Beijing's municipal bureau of commerce has more power to approve the setting up of foreign-invested supermarkets in the city.
|
| |
|
|
Regulator Tightens Screws on Banking
|
| |
China's banking regulator again urged banks to faithfully implement the State's recent tightening policies, stressing the importance of healthy macroeconomic fundamentals to sound bank performance during an announcement Monday.
|
| |
|
|
Anti-monopoly Law to Benefit All
|
| |
The 10th National People's Congress has put drafting of an anti-monopoly law on the legislative agenda for its five-year tenure, which ends in 2007, said a senior legislative official on Tuesday.
|
| |
|
|
New Auto Rules Give JV Guidelines
|
| |
A new policy released Tuesday will both loosen and tighten restrictions on auto industry investors. Under certain circumstances, foreign investors will be able to hold controlling stakes in auto and motorcycle JVs. However, the policy also raises barriers to domestic non-auto investors in the industry.
|
| |
|
|
China to Establish SOE Board Meeting Systems
|
| |
China is to further improve management efficiency and help prevent irregularities among huge state-owned enterprises or SOEs by introducing board-meeting systems within three years, said Li Rongrong, Minister in charge of the State Assets Regulatory and Management Commission.
|
| |
|
|
Anti-dumping Hearing Opens
|
| |
The Ministry of Commerce Tuesday opened a public hearing on whether to continue anti-dumping duties on cold-rolled steel coil, an important material in prospering industries like automotive, electric appliances, machinery and construction.
|
| |
|
|
Trading of Cotton Futures Resumed
|
| |
China resumed the trading of cotton futures on central China's Zhengzhou Commodity Exchange on Tuesday, the first futures product China re-launched since its crackdown on irregularities involving trading of futures products in the past few years.
|
| |
|
|
Foreign Investors Invited to Join Banking Reshuffle
|
| |
Qualified overseas investors are welcomed to join the reshuffle and transformation of China's banking industry, if based on willingness and related commercial rules, according to the China Banking Regulatory Commission (CBRC).
|
| |
|
|
First Step Taken Towards Credit System
|
| |
A credit rating system for China's import-export traders is being established to fill in the blanks in this field.
|
| |
|
|
Foreign Insurance Firms Get New Rules
|
| |
Foreign insurance companies that either operate in China or intend to build a presence in the promising market will have to follow detailed rules starting from next month.
|
| |
|
|
Experts: Year-long Trade Deficit Possible
|
| |
China is very likely to have a yearlong trade deficit this year, the first since 1993.
|
| |
|
|
TV Makers Act to Minimize Losses
|
| |
Chinese television makers are speeding up efforts to cut losses in the wake of the setting of new US import tariffs but it is still unclear if the moves will work effectively.
|
| |
|
|
Government Warns of Overheating in Coke Industry
|
| |
Government officials have warned of overheating investment in the coke industry, and have pledged to move to shut down polluting, inefficient beehive ovens.
|
| |
|
|
Commission Approves Cotton Futures Trading
|
| |
The China Securities Regulatory Commission (CSRC) Thursday approved cotton futures in the Zhengzhou Commodity Exchange.
|
| |
|
|
Domestic Trade Firms Face More Barriers
|
| |
The Ministry of Commerce issues a foreign market access report Thursday which sums up trade and investment environment of Chinese companies in the country's 19 major trading partners.
|
| |
|
|
US Trade Panel Approves Duties on Chinese TV Sets
|
| |
A US trade panel gave final approval May 14 to steep anti-dumping duties on more than $276 million worth of color televisions from China. The Chinese TV makers say they are shocked at the ruling and will appeal to the US Court of International Trade.
|
| |
|
|
Move to Cool down Overheated Investment
|
| |
An official revealed Thursday that the central government will improve co-ordination between industrial and credit policies in order to avoid economic overheating.
|
| |
|
|
Draft Direct Selling Law Set for September
|
| |
A draft regulation governing foreign-funded direct selling companies is expected in September, according to Richard Holwill, vice-president of public policy for Alticor Inc, the parent company of Amway.
|
| |
|
|
China Issues Revised Anti-subsidy Rules
|
| |
China made public its revised edition of anti-subsidy regulations on Friday, which will go into effect on June 1. One of the major changes to China's Anti-Subsidy Statute is a regulation stipulating that imposing anti-subsidy tariffs should be in compliance with the public interest.
|
| |
|
|
China Reduces Restrictions on Foreign-invested Company
|
| |
The Chinese Ministry of Commerce issued a new regulation on commercial enterprises with foreign investment Friday, reducing restrictions on these enterprises.
|
| |
|
|
Foreign Trade Law Amendment Approved
|
| |
The draft amendment to the Chinese Foreign Trade Law, submitted for deliberation for the third time, was passed by a unanimous vote at the eighth meeting of the 10th National People's Congress (NPC) Standing Committee, which was closed on Tuesday.
|
| |
|
|
Technical Standards Updated to Suit WTO
|
| |
China plans to eliminate outdated and ineffective national technical standards this year, while taking a hard look at how its compulsory standards conform with the World Trade Organization's Agreement on Technical Barriers to Trade.
|
| |
|
|
Government Fund Helps Firms Face Anti-dumping Charges
|
| |
Companies from Shenzhen facing anti-dumping charges can breathe a little easier now that the local government has announced it is willing to pay a portion of their legal retainer fees.
|
| |
|
|
China Cutting Average Tariff Rate to 10.4%
|
| |
China started to slash its average import tariff rate to 10.4 percent from its current 11 percent in accordance with commitments to the World Trade Organization (WTO).
|
| |
|
|
China Keeping WTO Pledges: Official
|
| |
China has taken considerable steps in the past year to honor its commitments to the World Trade Organization, says a Ministry of Commerce official. The remarks were in response to a US report that says Beijing "lost a significant amount of momentum" in 2003.
|
| |
|
|
Two Years of WTO Commitments
|
| |
As China reaches the second anniversary of WTO accession, Long Yongtu, former Chinese chief representative to the WTO talks, reflects on progress so far and on Sino-US trade relations.
|
| |
|
|
China's WTO Commitments on Track
|
| |
China should get a good mark for its performance on commitments it made to the World Trade Organization, said Sun Zhenyu, the Chinese ambassador to the WTO.
|
| |
|
|
China Speeds up Tariff Reform, Plans Further Duty Cuts
|
| |
China has done substantial work in tariff reform and will further cut import duties according to the commitments made during its accession to the World Trade Organization (WTO) in 2001, official said.
|
| |
|
|
China in Growing Need of WTO-related Legal Service
|
| |
Chinese people have become more and more familiar with the words "anti-dumping" and "safeguard" thanks to increasing trade disputes from steel to lighters in recent years.
|
| |
|
|
TV Makers Fighting together over US Anti-dumping Tariffs
|
| |
Color television manufacturers have entrusted a national industry organization to negotiate with the US Department of Commerce over proposed anti-dumping tariffs.
|
| |
|
|
WTO Entry Spurs China's Economic Expansion
|
| |
Accession into the WTO has been spurring the growth of China's economy over the past two years, experts noted Tuesday.
|
| |
|
|
Anti-dumping System Devised to Protect Domestic Imports
|
| |
China is setting up a comprehensive pre-monitoring system on imports in case of any anti-dumping violations, a senior commerce official told an international anti-dumping forum organized by the China Institute for World Trade Organization Studies Thursday in Beijing.
|
| |
|
|
Ministry of Commerce Holds Anti-dumping Hearing on Japan, ROK Chemicals
|
| |
The Chinese Ministry of Commerce held a public hearing on the anti-dumping investigation of a Japanese and ROK chemical Monday afternoon.
|
| |
|
|
China seriously Fulfills WTO Commitments
|
| |
China is seriously fulfilling its commitments to the World Trade Organization (WTO) and has made great efforts to fit its role.
|
| |
|
|
Foreign Trade Hits Record High in July
|
| |
China's foreign trade weathered the SARS outbreak and continued robust growth in both exports and imports during the January-July period, customs statistics show.
|
| |
|
