Madoff victims lost as much as 21.2 billion

Xinhua News agency, Madoff, the asset liquidation client of the US "financial giant scam" Picard 28th, said the investigation revealed that the victim had lost as much as $21.2 billion in the case.

Australia approves 300 million US dollar acquisition of 20% stake in China Baosteel

Global network reporter Gao You reported, according to the Australian Herald Sun October 30, Australia iron ore and coal enterprises, Aquila Resources Co., said in a statement 30th, Australia "Foreign investment audit Committee"  Baosteel, China's largest steel company, has been approved to buy a 19.99% per cent stake in the company, worth $285 million. The company's shareholders voted in Wednesday to support the deal, the report said.  The project is currently pending approval by China's regulatory authorities. This is Baosteel group's first international ...

Wen Jiabao: We must coordinate the development of economy and society

The economic and social development must be coordinated--Premier Wen Jiabao inspects the social undertakings development in Shandong from October 28 to 30th, the Standing Committee of the Politburo, Premier Wen Jiabao came to Jinan, Linyi and other fields, and went into the provinces, cities, counties, villages, schools, vocational schools and Social Security Service centers,  This paper investigates the reform of medical and health system, the development of educational undertakings and the construction of social security system. The reform of the medical and health system this year is the key year to deepen the reform of the medical and health system, the implementation of the basic drug system, the primary medical units and ...

International oil price change rate breakdown 4% Red Line

International oil price change rate breakdown of the 4% red line at the beginning of November the retail price of refined oil may rise in the news although international oil prices in Lianzhi rose back to two weeks low, but the domestic oil price hike is difficult to avoid.  Yesterday, the Energy Release analysis report, said the three crude oil price change rate has penetrated 4% "red line", the oil market in early November will meet the adjustment window, is expected to steam, diesel per ton or about 300 yuan, corresponding to the retail price of steam, diesel may rise by two cents per litre. In the early hours of yesterday's close, the New York market price closed at $77.46 a barrel, down 2 from the previous session ...

Chinese or American car launches double counter survey netizens support tough comeback

China to launch double-counter investigation of U.S. cars according to the Global Times, published October 30, US media reported 29th that China had informed the US that it would carry out anti-dumping and countervailing investigations on the three major U.S. car companies exporting to China.  Once the "double counter" investigation is established, China may impose import tariffs on U.S.-exported cars. Big three from U.S. government aid according to The Associated Press reported 29th, the U.S. auto Trade Policy Committee chairman Stephen 28th, U.S. government officials have informed the three Detroit car, China plans to launch a trade survey next week ...

China has fully implemented Sino-Africa Cooperation Forum Beijing Summit debt-free pledge

Xinhua Beijing, October 30 Xinhua reporter 30th learned from the Ministry of Commerce, with the recent Chinese government and the Somalia government signed a debt-free protocol, to exempt the cable party to China's 6 loans due interest-free debt, China has fully fulfilled the Sino-African Cooperation Forum Beijing Summit to make commitments to the debt relief. At the 2006 China-Africa Cooperation Forum Beijing summit, the Chinese government has announced 8 policy measures to promote China-Africa cooperation in a broader, broader and higher level, including the exemption of all African heavily indebted poor countries and the least developed countries that have diplomatic relations with China as at the end of 2005.

Wuhan affordable illegal construction to 20 floors was forced to dismantle the controversy

BCC Wuhan October 30 News According to the voice of China "Yang Guang News" 13:23 Report, the examination and approval of the 12-storey, Hubei province supply and marketing warehousing and transportation company's affordable housing building is illegal to build a 20-storey, a few days ago, illegal construction beyond the area was strong demolition.  This matter after the local media reports after the controversy: why the breach was built 20 floors before demolition? Hubei Province supply and marketing warehousing and Transportation Corporation head Jianguo said, from the day of the commencement, the fine was prepared. According to Jianguo introduction, the initial application of the economic Room index is 14000 square meters, Wuhan City Planning Bureau Planning department in accordance with sunshine points ...

April Cumulative urban fixed assets investment expected to increase 25.2%

Pan Ying May 6, the reporter to 37 institutions launched the "China Macroeconomic data April consensus forecast" survey showed that January-April urban fixed asset investment cumulative year-on-year growth of the survey mean 25.2%, median value of 25.9%, compared to 1-March 26.4% slightly lower.  In addition, the maximum value for the survey is 28.5%, with a minimum value of 16%. "This is the normal fluctuation of the monthly investment data," Beijingers, deputy director of the Institute of Quantitative Economics and technology economics at the Chinese Academy of Social Sciences, told reporters in a telephone interview, "now need to pay more attention to the inner investment knot ..."

Cultural Blue Book: The Development of cultural industry shows the trend

BEIJING, May 6, 6th morning, the Chinese Academy of Social Sciences Cultural Research Center and scientific Literature Publishing House jointly held "2010" Cultural Blue Book release Will and the Chinese Cultural Industry Development Seminar and issued the "2010 China Cultural Industry Development Report." The author of the report, Professor Zhang, said that the development of the cultural industry this year showed a major trend of "not a short term contrarian growth". It should be noted, however, that the issue of economic development has been replicated to some extent in the area of cultural industry, including "growth", "GDP-focused", "focus on economic production ..."

Experts say support for China's rapid economic growth is changing

Journalists Chen Liming and Ching The Chinese economic circles believe that only by government investment to stimulate consumption, can not solve the long-term growth of China's power problem.  Some economists suggested that the rapid development of urbanization is the next stage of China's sustained and rapid economic development of the real impetus. "This is the only way for China to nurture the momentum of economic growth. "The National Development and Reform Commission China Macro-Economic Society," Secretary-General Wang Jian, 3rd in Changsha to attend "International Symposium on the Development model of urban agglomeration", said that, by the changes in the domestic stage and the impact of the international financial crisis, the impetus for China's rapid economic growth is a major change ...

Chinese companies soar in Singapore banking business

Xinhua reporter Tsao reported: In the first quarter of this year, the local banks in Singapore to obtain a full number of Chinese enterprises customer business volume doubled. The number of Chinese corporate clients has grown by more than 100% per cent, according to Citi's Singapore bank, which mainly comes from industries such as oil and maritime, information and communications, telecommunications and consumer products.  Citi's Singapore Bank estimates that the volume of business will increase by more than three times times by the end of this year. Standard Chartered also said that the number of Chinese business customers it served by its trading banks had increased by one-fold in the first quarter;

Regulation of new Voices: The hoarding of property developers Levy Idle tax

"We do not expect the stage of regulation, before we have eaten a lot of losses, the adjustment has not solved the problem, continue to tune, I guess this time to have a long-term preparation, because the control effect does not come out certainly not."  A number of officials and academics said in Beijing yesterday that the real estate control policy should stick to the bottom, especially the provisions to curb investment demand should become a long-term rather than a phased policy, beware of the property market to reproduce the second half of the 2009 year retaliatory rebound situation. For the development of the enterprise beyond the planning cycle of the sale of the property of the housing resources idle hold tax. This is yesterday ...

Ningbo, the chairman of a backbone state-owned enterprises fell to death retirement procedures have been done

The chairman of a leading state-owned enterprise in Ningbo fell dead. It is reported that at the end of last year to the retirement age, the retirement formalities have been done well, is waiting for the handover summary: May 4, Zhejiang Province Ningbo Public Security Bureau Haishu Branch Bulletin, May 4 7:33, the city Tinian Building 5 floor found a body.  After the investigation of the deceased named He Songqing, Male, 61 years old, was born in the city of a business owner, department from the building 20 floor fell to death. South, May 4, Zhejiang Province Ningbo Public Security Bureau Haishu Branch Bulletin, May 4 7:33, the city of Tinian Building 5 floor found a body. After checking the name of the deceased ...

51 around the property market transactions have fallen from the live-type buyers into the main

51 Guangzhou property market turnover big reduction wait-and-see pattern who is buying a house?  Reporter investigation found that, 51 period, the investor basically extinct, the self-housing buyers become the absolute main force.  Full House Red Research data show that 51 of the best is Haizhu, Tianhe, Panyu three areas, and 90 square meters of the following huxing accounted for 79%, the total price of less than 800,000 of the house turnover to 70%, indicating 51 market to first-time home buyers. Reporter Lin Chen the new Deal, 51 holiday Guangzhou property market turnover sharply reduced, who still insist to buy a house? Reporter survey found that in the 51 period ...

Mr Liu: Quitting is not China's biggest challenge

Speaking at the 2010 Asian Financial Forum today, the chairman of China's Banking Regulatory Commission said that credit strength in January this year was the effect of last year's credit lag, not necessarily an effective response to demand. Mainland banks play an important role in China's economic growth, Liu said. The banking system has made significant and sustained improvements over the past few years, both in asset quality, return on equity, return on assets and profitability.  In the future, regulators will strengthen structural adjustment, balance regulation and implement effective regulation at their own pace. Liu said that last year China's new loans for the whole year ...

Exit is not China's biggest challenge, Liu said

Speaking at the 2010 Asian Financial Forum today, the chairman of China's Banking Regulatory Commission said that credit strength in January this year was the effect of last year's credit lag, not necessarily an effective response to demand. Mainland banks play an important role in China's economic growth, Liu said. The banking system has made significant and sustained improvements over the past few years, both in asset quality, return on equity, return on assets and profitability.  In the future, regulators will strengthen structural adjustment, balance regulation and implement effective regulation at their own pace. Liu said that last year China's new loans for the whole year ...

November Beijing second-hand housing deal first broken 30,000 sets of the chain rose more than 57%

According to the Beijing Real estate transaction Management network data, the latest statistics show that November, Beijing second-hand housing total turnover history of the first breakthrough 30,000 sets, the total volume of 32784 sets, of which residential turnover is reached 31288 sets. In October, the year-on-year increase reached 57% and 56% respectively.  Even more than the previous history of September, 27534 sets of turnover rose 19%. Volume rose at the same time, the average price also appeared more than 10% of the increase. Data show that Beijing second-hand housing price breakthrough 13000 yuan per square meter for the first time. Reached 13150 yuan per flat ...

Shanghai developers balk at billions of valuations

Known as Shanghai version of the first "pre-application" plots "Waitan International Financial Services Center" (8-1 plots) yesterday announced the latest pre-application results: After the qualification audit, there are 4 housing enterprises to obtain the next bid qualification, did not pass the application of the applicant, the margin will be returned in full.  The reporter learned from the real estate circles, because the plot before the valuation close to tens of billions of yuan, Shanghai, a number of well-known real estate developers on the land is generally holding a wait-and-see attitude, did not participate in the site's pre-application. It is understood that "8-1 block" is located in Shanghai International Financial Center construction core bearing region-"One city area" core ...

Deposit reserve Ratio Adjustment tables

The People's Bank of China has decided to raise the deposit reserve ratio of deposit-type financial institutions by 0.5% from January 18, 2010.  In order to enhance the financial strength of agriculture, support spring plowing plowing, rural credit cooperatives and other small financial institutions not to raise. The following is the deposit reserve ratio adjustment tables: Deposit reserve ratio adjustment list number of adjustments before adjustment (unit: percentage) 312,010 year January 12 (large financial institutions) 14.50%15.00%0.5 (small and medium-sized financial institutions) 13.5% No adjustment 302,008 Year 12 ...

Deposit reserve ratio raised 0.5% one-time withdrawal of funds 300 billion

One-time withdrawal of funds 300 billion bank returns have no effect on the short-term rise of the central bank's last round of reserve requirements, it is the start of the bull market.  The difference is that when the reserve ratio rises, the economy is not overheated.  On the central bank's increase in reserve requirements last night, Guotai analyst Wu Yonggang yesterday pointed out that the short-term impact on commercial banks is "neutral" and will not compress the profitability of commercial banks. "Commercial banks can adjust excess deposit reserves to replenish their reserve reserves to replenish liquidity." "Societe Generale senior economist Lu Commissar also believes that because the market ...

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