资讯

资讯

1　PayPal expects further growth in China

Jul. 20， 2015 （Xinhua） -- PayPal sees great potential in the Chinese market and expects to grow further in the country， a senior executive of the global online payment giant said shortly after the company re-listed on the Nasdaq Stock Market. "China is a huge and very important market， with the growth rate of 35 to 40 percent in online payment，" Rohan Mahadevan， PayPal's Vice President of Asia Pacifi c， told Xinhua in an exclusive interview. Mahadevan said that the company has mainly focused on two categories of users in China -- Chinese merchants trying to reach overseas customers， and Chinese consumers buying from overseas merchants. "Growth rates on both sides are very good，" he added， showing optimism about future opportunities in China.

2　China central bank regulates overseas action in interbank market

Jul. 15， 2015 （Xinhua） -- The People's Bank of China （PBOC）， the central bank， issued a notice regulating overseas investment in the country's interbank market. Institutional investors， including foreign central banks or monetary authorities， international fi nancial institutions and sovereign wealth funds， are now required to register with the PBOC before investing in the interbank market. After registration， investors can trade bonds in spot and forward markets， conduct interest rate swaps，and trade forward rate agreements. They will be free to decide on the size of their investment. "Overseas institutions should be long-term investors and conduct business in China's interbank market based on the reasonable need to preserve and increase the value of assets，" said the PBOC.

3　China ratifi es intl pact against tax avoidance

Jul. 1， 2015 （Xinhua） -- China's top legislature has ratified an international convention combating tax avoidance. The Multilateral Convention on Mutual Administrative Assistance in Tax Matters was submitted by the State Council， China's cabinet， to a bimonthly meeting of the National People's Congress Standing Committee for review. The pact will enable China to participate in global initiatives against tax avoidance and evasion by cooperating with other states in the assessment and collection of taxes. The State Council hopes the convention will help China meet its commitments to the international community as well as squeeze shelter for Chinese tax dodgers. It will not be applied to Hong Kong and Macao for the time being， according to the agreement.

4　China to deepen reform to boost innovation and entrepreneurship

Jul. 16， 2015 （Xinhua） -- China will remove more vocational qualifi cation and certifi cation requirements to support creation of new businesses and bring forth new ideas. A total of 62 vocational qualifications， including web advertising brokers and port cargo handling workers， will be abolished， according to a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang. The qualifications used to be required as a threshold to for people to enter the profession. "China has been strengthening innovation and entrepreneurship，" the statement said， "and will continue reform to remove unreasonable constraints for market entities， to let the market play the key role in allocating resources."

5　China to stick to prudent monetary policy: PBOC

Jul. 1， 2015 （Xinhua） -- The People's Bank of China （PBOC）， the central bank， announced it "will continue to implement the prudent monetary policy， and improve the financial system's capability to serve the real economy". The PBOC said that China will pursue a "prudent and balanced" monetary policy with more attention to striking a balance between tight and loose. China's economic and fi nancial developments are stable on the whole， but the complexity of economic and financial operations should not be underestimated. The central bank will use multiple monetary policy tools in a fl exible manner and maintain moderate liquidity in the market to ensure loans and social financing register reasonable growth.

6　Justice comes to virtual world

Jul. 2， 2015 （China Daily） -- Sesame Credit Management， a consumer credit agency backed by e-commerce giant Alibaba Group Holding Ltd，has teamed up with China's top court to pressure people to comply with court verdicts. Sesame Credit， a business unit under Zhejiang Ant Small & Micro Financial Services Group Co.， the parent company of China's largest e-payment tool Alipay， said in a statement that it has connected with the Supreme People's Court's database， which contains a real-time blacklist of those who fl out court verdicts， including debtors. Those on the blacklist will not only see their Sesame credit score reduced but also fi nd that they are banned from buying high-priced items online across Alibaba's e-commerce platforms including Taobao and Tmall.

7　China eases rules for insurers to invest in blue-chips

Jul. 18， 2015 （Xinhua） -- China's insurance regulator joined the country's concerted eff ort to stem the massive sell-off in the stock market， easing rules for insurance companies to put money in the market. Qualifi ed insurance companies will be allowed to invest up to 10 percent of their assets in a single blue chip， increasing from the previous 5 percent stipulation， according to a notice issued by the China Insurance Regulatory Commission. The limit on the ratio of their equity assets will be further raised to 40 percent from the previous 30 percent， according to the notice. The move is to optimize the investment portfolio and promote the stable and healthy development in the capital market， the notice said.

8　China requires 'absolute safety' in pension fund investment

Jul. 1， 2015 （Xinhua） -- Absolute safety must be guaranteed as China considers diversifying its massive pension fund investments to bolster their value， the Ministry of Human Resources and Social Security （MHRSS） said. "The funding is used for retirees' daily lives and it cannot be jeopardized by big risks，" MHRSS spokesman Li Zhong said at a press conference. Li said more than 2 trillion yuan（$327 billion） from the pension fund can be used for multifaceted investments. An official draft guideline released gave the greenlight to invest in new channels， including the stock market， but restricts the maximum proportion of investments in stocks and equities to 30 percent of total net assets.