www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

 
  |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
主站蜘蛛池模板: 91久久精品国产91久久性色tv | 亚洲免费人成在线视频观看 | 久久国产免费观看精品3 | 成人午夜亚洲影视在线观看 | 久久久久免费精品视频 | 国产精品jvid在线观看 | 国产全部理论片线观看 | 99re这里只有精品99 | 色婷婷激婷婷深爱五月老司机 | 精品久久久久久综合日本 | 全免费毛片在线播放 | 精品视频一区在线观看 | 亚洲视频一区在线 | 又刺激又黄的一级毛片 | 99视频国产精品 | 国产精品单位女同事在线 | 亚洲日韩视频免费观看 | 一级做a爱片特黄在线观看免费看 | 男人的天堂在线观看视频不卡 | 久草网址| 中美日韩在线网免费毛片视频 | 97天天干| 日韩三级在线观看视频 | 亚洲欧美日韩高清在线看 | 免费观看a毛片一区二区不卡 | 免费永久在线观看黄网 | 在线色网址 | 国产最新网站 | 透逼视频| 毛片手机在线观看 | 特黄特a级特别特级特毛片 特黄特黄 | 亚洲午夜精品久久久久久抢 | 亚洲一区二区三区免费看 | 美女张开腿黄网站免费国产 | 亚洲综合色视频在线观看 | 美女一级免费毛片 | 成人永久福利在线观看不卡 | 欧美成人a | 美国毛片aaa在线播放 | 久色乳综合思思在线视频 | 免费在线视频成人 |