综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

 
  |Home|News|Reports|Photo|Video|Agenda|Backgrounder|Forum|  
  Financial reform

Management of forex reserves streamlined

(Shanghai Daily)
Updated: 2007-03-11 08:41

China will establish an agency modeled on Singapore's Temasek Holdings Pte to manage part of its US$1 trillion-plus in foreign-currency reserves.

"The government has decided to separate the ownership of the reserves and the management of the reserves into two agencies," Finance Minister Jin Renqing said yesterday.

His comments came at a wide-ranging Beijing press conference held on the sidelines of the annual session of the National People's Congress.

China is the world's biggest forex holder and "the effective management of this vital resource is a crucial task," Jin said.

The State Administration of Foreign Exchange will run the daily operation of the country's forex reserves, while the new forex investment company, under the State Council, will run the investment side, he said.

Lou Jiwei, promoted to the post of deputy secretary of China's Cabinet three days ago, will head the new government agency to manage part of the currency reserves.

Lou, a vice minister of finance for nine years, is expected to oversee about US$200 billion. The Central Huijin Investment Co, an affiliate of the People's Bank of China, may be reorganized and then merged with the new investment entity.

Jin also made it clear that the state is not in favor of local government practices of profiting from land-rights sales and building "image projects."

He said the central government has issued rules that order local governments to set aside a part of the income they earn from land sales to construct budget housing.

In China, land-use rights are usually acquired from farmers for a small amount and provincial governments can grab the lion's share of profits, even if they onsell to overseas investors at undervalued prices.

12  


Question Session

The Supreme People's Court will send back cases to provincial courts for retrial if it evaluates that a death sentence has been passed without proper .

From our readers

 helpthe PM: Perhaps if all the rough Japanese soldiers were as good looking as Abe and wore their suits and ties with gentlemanly manners, the sex slaves might not have to be forced onto the plankbed to do their work.

 MT: In the constitution of the PRC, the rights and indeed privileges of the 55 minorities who constitute less than 55 of the population are clearly and painstakingly spelled out.

 wellsaidsecretary: When China was the super power during Marco Polo's time, China had not expanded with military might. China used her invention gunpowder to celebrate instead of conquering and killing.

 oneandone: No one in the whole wide world recognize Taiwan as an independent nation.

 WHY: western countries and their media have always attacked China's consumption of energy, and also regard China as a new colonial in Africa, why?

Hot Forum Topics

 When Taiwan unites, Should Chen Shui Bian be tried in Chinese court for treason?
 9 involved in Shanghai fund scandal get sacked
 Why China cannot be over-populated?
 Beijing demands US cancel planned missile sale to Taiwan
 Washington Post: China plans rise in military spending
 Chinese Premier Wen Jia-bao's article

Photos
A new law to unify income taxes for both Chinese and foreign enterprises has been in the pipeline for a while. It is high time to get it passed to create an equal taxation footing for all businesses in the country.
In the Limelight

Property law:
Property law gets fine-tuned in latest round

 

Corporate tax:
New corporate tax offers level playing field

 

Financial reform:
Looser currency controls on cards

 
· Management of forex reserves streamlined
· Government urged to abolish interest tax on bank savings
Slideshow

Supportive forces for NPC/CPPCC:

 
· NPC session focuses on social harmony
· Migrant workers
Video
· Foreign minister meets the press (20)
· Foreign minister meets the press (19)
· Foreign minister meets the press (18)
· Foreign minister meets the press (17)
· Foreign minister meets the press (16)
Tidbits  
    Chinese fireworks too noisy, say advisers
Two political advisers are seeking to extinguish firecrackers during the Chinese New Year holiday.
 
    1 million parking spaces needed in Beijing
Beijing needs to build at least 1 million parking spaces to cope with the increase of cars.
 
   
Copyright 1995-2006. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form.
Note: Browsers with 1024*768 or higher resolution are suggested for this site.
Registration Number: 20100000002731
屏边| 临江市| 潞城市| 肃宁县| 辽源市| 延边| 德兴市| 东宁县| 和静县| 白朗县| 黑龙江省| 喀喇| 游戏| 炎陵县| 静海县| 思茅市| 新源县| 大同县| 华容县| 含山县| 永和县| 镇坪县| 安化县| 海淀区| 德惠市| 云安县| 甘孜| 崇明县| 巫溪县| 榆社县| 肥城市| 隆化县| 商城县| 秀山| 乌拉特中旗| 曲阜市| 闵行区| 宝鸡市| 衡南县| 根河市| 鹤壁市|