Mr Yam says the renminbi is conditionally developed into a third international currency

Xinhua Beijing, December 18, according to Hong Kong media reports, the former chief executive of the Hong Kong Monetary Authority, Mr Joseph Yam, said the renminbi conditionally developed into the United States dollar and the euro outside the third international currency, and Hong Kong is the renminbi to develop the best Test venue for the offshore market.  Speaking at a financial forum in Beijing, Mr Yam said the international monetary system has been dominated by the dollar and the euro, but the two currencies have become less healthy after the financial tsunami, and he thinks the world needs a third international currency, assuming that the renminbi can play that role because of his confidence in China's economic size and macroeconomic policies. Mr Yam also said that the renminbi ...

Million horse cable suspension self-examination management and then alarm

Every reporter Song Yuandong today, involved in home run many of the speculation should be noted-if the stock price fluctuations, in addition to temporary suspension of the plate, stock trading may also face the risk of continuous suspension. Today, the Million horse cable (002276, closing price of 27.45 Yuan) will be suspended to check whether there should be disclosed but not disclosed the impact of the volatility of stock prices matters.  Analysts pointed out that in the third new shares-home run more than the date of listing, million horse cable suspension of self-examination, can be understood as management to the crazy speculation of new alarm, is another means of risk hint. Million horse cable closed yesterday ...

China travel on 20th to raise 1.7 billion yuan

Every reporter Song Yuandong the SFC website yesterday issued the Audit committee work announcement, China Travel Company Limited's starting application will be approved on July 20. This is also following the Anhui Xinlong electrical appliances, Shanghai Super Sun Solar Energy, the SFC IPO restart audit after the third order.  In recent days, Anhui Xin Long electrical appliance was approved, and Shanghai Super Sun Solar Starter was issued by the Audit Committee. China Travel Co., Ltd. IPO prospectus (report) shows that the proposed release of not more than 220 million shares, raise capital of about 1.7 billion yuan, after the issuance of total equity not exceeding 880 million shares.

Multi-Ministries promote the use of old car appliances to stimulate domestic demand 500 billion

Some provinces and cities in the near future to implement the new rules for home appliances to further stimulate domestic demand, July 14, the Ministry of Commerce Ministry of Finance and other ministries issued the "car to replace the new implementation measures", the move is seen as China to promote domestic demand to respond to the financial crisis, another important move, the securities market to the newspaper to respond enthusiastically, the securities market related plate performance active.  Commerce Minister Chen Deming said that this year the National auto scrap will reach 2.7 million, home appliances scrap volume of nearly 90 million units, such as the full update will pull consumer demand more than 500 billion yuan. Arrange 5 billion financial funds to support 14th, Ministry of Commerce ...

Li: Employment pressure still big investment pull GDP6.2 a percentage point

China News agency, Beijing, July 16 (Zhang Yu) China's economic figures for the first half of the year, released by the National Bureau of Statistics in Thursday, show a steady rebound in the economy.  But the bureau spokesman, Li, said 16th that the rebound is still a certain distance from the increase in employment requirements, coupled with the current high employment peak, China's employment continues to face greater pressure. Li in the new state news conference to answer a reporter's question as stated above.  He also pointed out that in the first half of this year, China's new employment appeared positive signs, the number of rural migrant workers increased. According to statistics, this year at the end of the two quarter ...

HSI opened up 103 points to 70.9 billion yuan

Hong Kong stocks this morning after the opening, the index opened 430 points from 18,689 to 18,502, and then rose 18,683 repeatedly back to soft, the afternoon fell to 18,304, the closing of the day 18,361, 103 or 0.57%, the state-owned enterprises index rose 41 points or 0.38%,  At 10,902, the turnover was anxious to increase to 70.9 billion yuan. Blue-chip, control (00005-HK) rose 1.91%, Mobile (00941-HK) rose 0.74%, the new Ground (00016-HK) fell 1.66%, long real (...).

Experts: The growth of fiscal revenue is a good manifestation of macro-level of national economy

Xinhua Beijing, July 16, the Chinese Academy of Social sciences expert Qi said that the fiscal revenue growth is the overall macro-level of the national economy to improve the performance of the future should expand financial investment, and not by increasing the tax burden of enterprises to increase revenue.  QI, Ph. D., deputy director of the Institute of Economic and Technological Economics of the Chinese Academy of Social Sciences, 16th, a visit to the network interview room, the latest economic data for analysis and interpretation, and around the recent stock market rally, the price of high economic hot topic answer questions. The moderator asked, according to the latest data of the Ministry of Finance, Chinese government revenue for two consecutive months to achieve growth ...

Porsche agrees to build group company with Volkswagen

Panorama July 16 According to MarketWatch reported, Porsche Car holding Company (Automobil LC) and Volkswagen AG (Volkswagen) jointly announced that the two sides agreed to merge the formation of the group. Volkswagen will buy a share of Porsche's shares, including the Porsche Roadster series. (Panorama Network/Intern Zhong)

China economic Summer News: economic growth gives the world confidence

Editor's note: The following is a special report by CCTV economic channel "economic half-hour"-part of the 2009 China Economic Summer Report. Moderator Ma Hongtao: Hello audience friends, welcome to CCTV economic Channel launched a special program, the 2009 China Economic Summer newspaper. China's economy in the first half of 09 to show how the report card, today's news conference, the GDP in the first 6 months of this year, a growth of 7.1%, although from the target of 8% is still some distance, but the overall economy has a good warming momentum. When the world economy falls into recession, China ...

Social Security Fund: Domestic state-owned shares after the transfer of assets will exceed 740 billion

Reporter 16th from the National Social Security Fund Council learned that June 30, 2009, the National Social Security Fund total assets of more than 660 billion yuan, and domestic state-owned shares after the implementation of the total assets will be more than 740 billion yuan.  June 19 This year, the Ministry of Finance, SASAC, the CSRC and the National Social Security Fund Council jointly announced that from now on in the domestic securities market to implement the state-owned shares of the policy, the transfer of state-owned shares by the National Council of Social Security Fund held. National Social Security Fund Board of Directors that the implementation of domestic state-owned shares of the policy, is conducive to broadening the national Social Security Fund funding channels;

News Analysis: China's package plan has achieved four results

BEIJING, July 16 (Xinhua) in response to the adverse impact of the international financial crisis on the economy in the last four quarters, the Chinese government has made decisive decisions, implemented a proactive fiscal policy and moderately loose monetary policy, and has continuously enriched, enriched and perfected a package of measures to cope with the international financial crisis and maintain a steady and rapid What is the effect of the package after implementation? "For the package, it is likely that all of us will feel that the economy is rebounding and the strength of the rally is increasing."  "The National Bureau of Statistics spokesman Li 16th in the State Council News Office press conference said. According to the overall plan of the package ...

China's economy has already gone beyond Japan's by purchasing power

BEIJING, July 16 Xinhua Chinese Academy of Social sciences expert Qi said, if the purchasing power evaluation, China's economy has already surpassed Japan, and from the total population to see no practical significance.  QI, Ph. D., deputy director of the Institute of Economic and Technological Economics of the Chinese Academy of Social Sciences, 16th, a visit to the network interview room, the latest economic data for analysis and interpretation, and around the recent stock market rally, the price of high economic hot topic answer questions. In answer to the question "China is likely to overtake Japan as the second largest economy," Qi said, "This is actually a small talk ...

The national actual use of foreign capital June decline narrowed

Remin Xinhua News Agency spokesman Yao Jian said 15th that the month of June this year, the national actual use of foreign capital of 8.96 billion U.S. dollars, down 6.8% year-on-year, the decline has narrowed compared to the previous month. Yao said at a regular press conference here that June this year, the new batch of foreign-funded enterprises set up 2,529, down 3.8%, the contract foreign capital of 27.07 billion U.S. dollars, an increase of 7.2%. The first half of the country's actual use of foreign capital 43.01 billion U.S. dollars, down 17.9%, the new approved the establishment of 10,419 foreign-invested enterprises, 83 of the contract foreign investment ...

Clinton accuses emerging powers of backsliding on transparency

Global network reporter Gao You reported December 17 Agence France-Presse, U.S. Secretary of State Hillary Clinton accused today that the emerging powers in the transparency of emission reduction "is going backwards." "In the coming year, all major economies have pledged to remain transparent," she said at a news conference. Now, as we strive to define the meaning of transparency and how to implement it and observe it, some countries have regressed on the subject of transparency. We believe that this will undermine all the efforts we are making. ”

US tough pressure on convention track talks

Under the pressure of the United States, the final compromise of the Ad hoc Working Group on long-term Cooperative action of the Convention, adding a number of options to the text, but it also created a greater obstacle to the plenary Li Hujun from Copenhagen as the Ad Hoc Working group meeting was not progressing well, too many topics were left to the plenary meetings of the Climate Change Conference.  It also adds more variables to the Copenhagen talks.  The Ad Hoc Working Group on long-term Cooperative action of the United Nations Framework Convention on Climate Change (hereinafter referred to as the Convention) closed at nearly 7 hours of early morning local time, December 17. Since the United States is also included in the Convention track ...

UN announces 1.7 million tonnes of carbon emissions per year pledged to cut emissions

Xinhua Beijing, December 17, according to Reuters 17th reported that the United Nations recently released its own carbon emissions, said the annual emissions of nearly 2 million metric tons of carbon dioxide.  However, the United Nations is also committed to reducing greenhouse gas emissions.  "The U.N. organization emits 1.7 million tonnes of carbon dioxide a year, of which about 1 million tonnes are for peacekeeping operations," said Martin Nesirky, a United Nations spokesman, Neixierji 15th. The United Nations Environment Programme (UNEP) released 2006 data showing its own carbon dioxide annual per capita emissions ...

Wang said next year Vanke will withdraw from the rough housing market and fewer followers in Shanghai

Vanke will have no rough room next year. Yesterday, Vanke chairman Wang Shi's remarks in Beijing in the Shanghai real estate industry also caused no small waves.  There are real estate research experts said, Vanke "shouted" housing industrialization has been some years, no matter how to withdraw, for the entire real estate industry, the whole decoration room, hardcover repair in the acceptance, delivery of quality problems still can not be avoided. Shanghai to follow a few developers "(real estate developers out of the house) Let small decoration company decoration, a house a year than the standard of refined decoration produced more than two tons of garbage, 5 million rooms about 1000 ...

Six city users bask in living cost Beijing highest Wuhan

"Every day opened his eyes, there is a string of numbers out of my mind: mortgage 6,000, food and clothing with 2,500, slowly on the kindergarten 1500, human relations between 600, transportation 580, property management three hundred or four hundred, mobile phone charges 250, and gas and electricity costs 200." From the first breath I woke up, I had to make at least 400 a day, which is the capital of my life in this city. "-Haiping live in the city, a string of numbers around us, especially after the mortgage, the figure becomes heavier." Let's look at the situation of our life now--big to the price is very cold, small to cabbage prices ...

Short-term punitive redemption fee of fund

The Securities and Futures Commission issued open-end fund sales cost management provisions, starting from March 15 next year, the Open fund manager will be able to choose to hold less than one week, less than one months after the redemption of the fund holders are not less than the redemption amount of 1.5% and 0.75% of the redemption fee To encourage the Fund to implement a back-end charging model, which is kept down for a period of three years and can be zero.  The fund company may pay the trailing commission to the sales organization, does not set the upper limit, but the one-time reward halts. Yesterday, China Securities Regulatory Commission issued "Open-end Securities investment Funds ..."

Premier Wen Jiabao's coordinated attitude in Copenhagen

China Daily News: China Daily reports from Copenhagen that Chinese Premier Wen Jiabao, who is visiting Denmark and attending the Copenhagen Weather Summit, will meet with Danish Prime Minister Anders Fogh Rasmussen, U.N. Secretary-General Ban Ki-moon, Brazilian president Luiz Inácio Lula da Silva and Bangladesh Prime Minister Hasina this morning. Local time this afternoon, Premier Wen Jiabao will also attend a luncheon with national leaders from countries such as Maldives, Ethiopia and Sudan.  Analysts have shown that this will be an opportunity for small island nations, African countries and 77-nation groups to coordinate their attitudes. (Source: China Daily reporter Shang Lee ...)

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