The People's Bank of China (PBOC) might authorize non-financial organizations by the end of 2010 to run the third-party payment business, Beijing News reported Tuesday, citing an official.
The government of Jiaxing, Zhejiang province recently published information about its official candidates and their family members to clear the public’s doubts about whether their background and private contacts had anything to do with the selection.
China's overseas house purchasing power is becoming more prosperous as it is expected to hit 5 billion yuan ($750 million) in 2010. However, most of the well-heeled purchasers don't know how to evade risks when they grab properties in Western countries.
China will implement new policies to support key construction-machinery components manufacturing industry in its 12th Five-Year Plan (2011-2015), and the industry will embrace the best investment opportunity, China Securities Journal reported Monday.
Beijing will promote the use of 30,000 electric and hybrid cars, build 100 recharging stations and provide 36,000 rechargers by the end of 2012, People’s Daily reported Monday, citing the Beijing Municipal Science and Technology Commission.
The revision of the regulation on management of enterprise annuities fund is almost complete and is likely to be released and applied by the end of this year, Security Times reported Monday, citing an unnamed insider who was involved in the revising work.
The main focus of China's economic policy in the near future will be to prevent inflation and an excessive economic slowdown, said Chen Dongqi, vice-president of the Academy of Macroeconomic Research under the National Development and Reform Commission.
China Unicom, the nation's only mobile operator offering Apple Inc's iPhone, released new rules to limit the resale of iPhones, Beijing News reported Monday.
China Securities Regulatory Commission (CSRC) is considering launching an international board on the mainland stock exchanges, Shanghai Securities News reported Monday citing the commission's Vice-Chairman Yao Gang.
China's 77 large- and medium-sized steel mills made a total profit of more than 7 billion yuan in October, the highest monthly profit in the recent months, according to statistics released by the China Iron & Steel Association's website.
Hainan province is likely to implement a duty-free shopping policy on foreign goods at the beginning of next year, allowing tourists to avoid having to pay duties when they leave the island with their purchases, Shihua Financial Information reported Friday.
China's environmental protection spending is expected to top 3 trillion yuan ($450 billion) during the 12th Five-Year Plan (2011-2015), said Wu Xiaoqing, vice-minister of environment protection.
