ite the weak performance of the main board. The gain momentum
was broken in the third trading week, when prices of STAR stocks fell by 10.5 perce上海夜网女神会所
nt on average, according to financial information provide Wind Info.
上海夜网On Thursday, prices of STAR stocks fell by 1.9 percent on average.
“The overall performance of the STAR Market saw the full pricing-in of opinions from bulls and
bears, an uptrend with fluctuations, and a return to rationality,” the SSE said in the announcement.上海夜网女神会所
Relaxed price fluctuation limits have enabled the STAR Mark
上海夜网et stocks to be more timely priced, leading to higher pr
icing efficiency than the main board, according to analysts from Shenwan Hongyuan Securities.
Securities regulators lifted price fluctuation limits for STAR stocks in their first five trading days, and thereafter a 20 p上海夜网
ercent daily price fluctuation limit is effective, versus a 10 percent limit on the main board.
上海夜网女神会所Analysts expect trading on the STAR Market to become more rational in the medium term, with
valuation levels to better reflect company fundamentals. Firms with strong fundamentals may su
stain high valuations, while weaker ones may see a marked divergence in stock price performance.上海夜网
The market-oriented initial public offering mechanism of the STAR Market,
or the registration-based IPO system, also showed its effect, with the 28 STAR list上海夜网女神会所
ings’ price-to-earnings ratios of offer price varying from 18 to 269, according to SSE data.
This marked a difference from the main board, where almost all new offerings are p上海夜网
riced at a maximum of 23 times earnings under the approval-based IPO system.
e been seriously harmed in recent years after their personal information was leaked, abused
or improperly collected, so we’ve paid a lot of attention to solving the problem through legislation,” he said. 上海龙凤1314女神会所
China has already enacted several laws, regulations and rules rela
上海龙凤1314ting to the issue, such as the Criminal Law and the Cybersecurity Law, according to him.
Asked whether China would legalize same-sex marriage at the news con
ference, he said Chinese law only allowed for marriage between a man and a woman. 上海龙凤1314女神会所
“This rule suits our country’s national condition and historical and cultural traditions,” he said. “As far as I know, a majo
rity of countries in the world don’t recognize the legalization of same-sex marriage.”
Besides Zang, director of the commission’s research department, Yue Zhong 上海龙凤1314
ming, director of its legislative planning department, was also named as the spokesperson.
At Wednesday’s conference, Zang added that he and his colleagues would like to answ
er legislative questions from the public and increase communication with the public. 上海龙凤1314女神会所
China’s State Council made a series of arrangements Wednesday on expanding elderly care services.
According to a State Council executive meeting chaired by Premier Li Keqiang, demand-oriented development of elderly car
上海龙凤1314e services is a key measure to improve the quality of life for the aging population.
Efforts will be made to develop a variety of home-based elderly care services supported
by communities, including aids in terms of dining, health care, travel and cleaning, the meeting noted. 上海龙凤1314女神会所
Non-governmental institutions will be encouraged to develop touris
m, health care and other services suitable for the consumption of elderly people.
The country will further support the development of commercial endowment insurance and e 上海龙凤1314
stablish a long-term care system which links insurance, welfare and aid, according to the meeting.
The meeting also decided to step up supervision over the quality of products and services for 上海龙凤1314女神会所
aged people, and sternly punish those that violate the rights and interests of the senior citizens.
g journalists match Hong Kong’s reputation as a civilized society?
It is fair to say that the Hong Kong journalists involved are b上海千花坊
adly educated and lack the most basic manners. When they disagree with somebody, they simply ai
m to talk the loudest. When they are in conflict, they always make sure they outnumber the other side to gain “con
上海千花坊女神会所fidence“. Their deeds are in every aspect contrary to the behavioral rules of any modern society.
What these Hong Kong journalists did on Tuesday brought shame upon journalism.
New rules cutting down on paperwork, speeding up registrations to begin Dec 1上海千花坊
China will roll out its reform of decoupling business licenses from operating permits on all 523 items concer
ning business operations subject to central government approval starting Dec 1 in pilot free trade zones nationwide.上海千花坊女神会所
The decision was made on Wednesday at the State Council’s executive meeting chaired by Premier Li Keqiang.
“The reform of decoupling business licenses and operating perm
上海千花坊its is an important step in transforming government functions and improving the busi
ness environment. This ever-deepening reform in recent years has played a crucial role in energizing the mar
ket, unlocking creativity and tackling the downward economic pressure in a shifting external environment,” Li said.上海千花坊女神会所
It was announced at the meeting that the decoupling will reduce permit requirements and simplify the review pro
cess. New measures will be introduced under all 523 items that are subject to central government approval.
Review requirements for 13 items, including record filing for fo上海千花坊
reign trade operators, will be abolished. Review requirements of eight other items, inclu
ding the review of customs declaration enterprises, will be replaced by record filing.上海千花坊女神会所
For the remaining items, services will mainly be improved by cutting document
ation requirements, providing faster online processing and abolishing on-site verification.
ue to their cost advantage and rapidly growing domestic demand driven by income growth form the basis of their expan
上海会所ding scales. But the greatest factor driving Chinese enterprises’ continuous development is innovation.
Reform will promote innovation. Innovation will generate new demand and prompt Chinese enterprises to impr
上海会所品茶微信ove their quality, while technological innovation is key to their development and expansion. And to c
hange their long-term dependence on low-end products, the Chinese companies, with the government’s active h
elp, have invested more in research and development to facilitate their qualitative growth and expansion.上海会所
Last year, China’s total investment in R&D accounted for 2.18 percent of GDP, equivalent to the average of OECD countries, with the average R&D intensity o
上海会所f high-tech enterprises and A-share listed companies being about 3 percent and 4.87 percent.
Higher R&D investment has increased the enterprises’ capacity for independent innovation and competition advantage.
In particular, since the 18th National Congress of the Communist Party of China in November 2012, which for上海会所
mulated the innovation-driven development strategy and five new development concepts, Chinese en
上海会所品茶微信terprises have increased R&D investment and achieved remarkable breakthroughs in core technologies. In
fields as important as aviation, railways and 5G technology, Chinese enterprises have even taken a leading position.
Huawei is a good example of an innovation-driven high-tech Chinese company.上海会所
For years Huawei’s R&D intensity has been above 14 percent. In actual terms, Huawei’s R&D investment las
上海会所品茶微信t year was 101.5 billion yuan ($14.77 billion)－the fifth-highest in the world and more than that of Microsoft, Apple an
d Intel. Also, by the end of last year, Huawei had more than 87,800 global patents. No wonder Huawei’s R&D in
vestment and abundant innovation have placed Huawei at 61 on the 2019 Fortune Global 500 list.上海会所品茶微信
And despite Washington preventing US companies from selling components to Hua
wei in the first half of this year, the company’s mobile phone shipment grew continuously.
上海会所Since the beginning of this century, Chinese companies have been
applying or trying to apply modern information technology to improve production and ope
rations. The Internet Plus strategy has helped expedite the integration of enterprises and the inte上海会所品茶微信
net. And many enterprises have achieved rapid growth by making use of innovative business models thanks to IT.
ll improve the mechanism of the loan prime rate－the price of loans banks offer to their best clients－and use the mech
anism as the reference rate for business and household loans. The move was broadly seen as China’s effort to give th上海千花坊女神会所
e market a greater say in setting prices and to lower the real interest rate for companies.
上海千花坊”The rate reform will help reduce borrowing cost for companies so that they can expand investment and
production. It will also help improve corporate profitability,” said Yu Ke, an analyst at Guoyuan Securities.
The central authorities’ decision to support the development of Shenzhen also boosted the pric上海千花坊女神会所
es of technology companies on Monday as Shenzhen is the home of many high-tech and innovative firms.
The guideline also said that it will explore the registration-based initial p
上海千花坊ublic offering system on the startup board in Shenzhen and will support the city in car
rying out foreign exchange reform and accelerate the internationalization of the renminbi.
Ma Tao, an analyst at Caitong Securities, said that investment opportunities could emerge from technology sectors includ上海千花坊
ing 5G, artificial intelligence and life science as the guideline from the central authorities will help strengthen Sh
enzhen’s advantage as the leading technological and innovation hub for the country.上海千花坊女神会所
An index that tracks major securities brokerages also soared by 6.9 p
ercent on Monday as investors believed that a market rally will benefit securities firms.
上海千花坊The securities regulator has expanded the number of stocks qualified for the margin
trading and short selling business of the securities brokerage and has relaxed margin financing rules. The deci
sion became effective on Monday, which also helped lift the stock prices of securities firms.上海千花坊女神会所
Many young people in Hong Kong seem to have misunderstandings about the Chinese mainland and the United States.
No matter how noble an individual goal is, the collective outcome could be exactly the opposite of what each individual wa
nted. When I taught social decision theories, my students often could not believe thei上海千花坊女神会所
r eyes that collective decisions are necessarily dictatorial, even under very minimal assumptions. That is an implic
ation of the Arrow’s impossibility theorem developed by Nobel laureate Kenneth Arrow.
rce of soybeans and cotton, and soon the US will also be substituted by other cou
ntries as the main supplier of chicken and wheat to China, if the trade row continues.上海千花网女神会所
Japan now has free trade agreements with the European Union and some trans-Paci
上海千花网fic countries, such as Australia and Canada, and the US has lost its advantage in its trade with Japan, not o
nly in soybeans and wheat－last year, US exports of pork to Japan declined by 35 percent.上海千花网
Coercing Japan to buy US agricultural products will not be sustainable, and ther
e is still a long way to go for the US administration to ease the anxiety of its farmers.
上海千花网女神会所Police in Fuzhou, the capital of Southeastern China’s Fujian province, said on Su
nday they had seized a handgun found in a FedEx parcel and launched an investigation into the case.
The parcel, carried by the United States express delivery service pro
vider, was shipped to a sporting goods company in Fujian from an American client, accor上海千花网
ding to a statement released by the public security bureau of the city’s Jin’an district on its Sina Weibo account.
The handgun was discovered in the package and seized by polic
上海千花网女神会所e, the statement said without releasing further details of the contents of the parcel.
It is not the first time that FedEx, which launched its business in China more than thre
e decades ago, has prompted official probes into alleged violations of Chinese postal regulations recently.上海千花网
In early June, FedEx was placed under investigation after Huawei, one of China’s largest telecommunications ma
上海千花网女神会所nufacturers, said it had diverted two parcels sent from Japan and addressed to Huawei in China to the US.
Initial results from the probe, released in late July, refuted Fed-Ex’s claim that the rerouting was an “operational error”. The com
pany was also suspected of holding back over 100 packages that Huawei had intended to deliver to China.
Borrowing costs will get lower for companies in China starting Tuesday through a
key interest rate reform brought out by the People’s Bank of China, the central bank, to maintain ec上海419
onomic momentum amid the continuing trade friction with the United States.
上海419女神会所Analysts say the interest rate reform will lower financing costs for small a
nd private companies and encourage investment in the manufacturing sector.
The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate－the pr上海419
ice of loans banks offer their best clients－for setting the prices of business and household loans. The earlier re
上海419ference rate, the one-year benchmark lending rate, will be replaced in the future.
The announcement is seen as China’s most significant market-based interest rate reform for over a decade, experts said.上海419女神会所
The PBOC said in a statement that, starting Tuesday, 18 qualified commer
cial banks, including State-owned banks, city and rural commercial banks and foreign banks, will report their lend
上海419ing reference rate every month. Analysts expect the first loan prime rate will be much lower than the current 4.35 per
cent one-year benchmark lending rate, which has been unchanged since August 2015.
The statement said commercial banks will be allo上海419
wed to float the lending rates up by certain percentage points above the medium-ter
上海419女神会所m lending facility rate of the central bank. The medium-term lending rate is the cost that commercial banks sho
uld pay for borrowing from the central bank, and it was set at 3.3 percent on Thursday.
Sheng Songcheng, a central bank adviser and former head of the PBOC’s
statistics department, said the reform will help keep lending rates lower.
Moreover, the changes will enable the PBOC to effectively influence Chin上海419女神会所
a’s entire interest rate system by selling or buying financial instruments on the open
market, much like how Western central banks implement monetary policy, Sheng said.
t Institute at the Chinese Academy of Social Sciences, said China
‘s agricultural sector was plagued by inefficient production practices for上海会所品茶微信
many years, while annual output was highly susceptible to changes in climate.
For example, from 1959 to 1961 large parts of the country experienced a severe drought.上海会所
In 1961, the arid conditions reduced the total crop yield by 61 million metric tons, a 30 percent fall from 1958.
Since the early 1980s, the central leadership has attached great significan
上海会所ce to agricultural innovation. In 2015, investment in scientific and technological research reached 55 billion yu
an ($7.8 billion at today’s rates), compared with 720 million yuan in 1978, Du said.
According to the ministry, more than 96 percent of fields dedicated to the cultivation上海会所品茶微信
of major crops, including rice, corn and wheat, are sown with high-yield, resilient species.
上海会所A number of crop-breeding platforms that employ scientifically proven approaches-such as the use of “dwarf-st
erile” wheat, the “super rice” system and hybrid corn breeding-have been established to fast-t
rack improvements in edible crops and ensure the food supply is reliable and safe in the long term.
The wide application of modern farming techniques ha上海会所品茶微信
s also helped farmers to raise yields and reduce damage to the environment.
At present, environmentally friendly methods are used to prevent and control pests on 56.7 mill
ion hectares under cultivation, accounting for 15 percent of the total area affected by such pests.
上海会所Meanwhile, smarter use of pesticides in demonstra
tion areas has reduced the use of chemicals by 20 to 30 percent, the ministry said.
The use of fertilizers has been further contained as a result of a nationwide campaign l上海会所品茶微信
aunched in 2005. It aims to tailor the use of synthesized fertilizers to suit local soil conditions
and improve awareness of the scientific management of fertilizers among farmers.
Port calls often serve as a barometer of China-US ties. Last year, China canceled the vi
sit to Hong Kong of amphibious assault ship USS Wasp after Washington approved a $上海会所
330 million sale of military equipment to Taiwan and sanctioned the Chinese military over a Russian arms deal.
上海会所品茶微信In 2016, aircraft carrier USS John C. Stennis and four ships in its strike group were denied port visits to Hong Kong after t
he US criticized China’s activities in the South China Sea. China also denied similar visits by US warships in 2014 and 2007.
Warship port calls to Hong Kong are defense and diplomatic affairs t上海会所
hat require special permission by the central government in Beijing, according to the Basic
Law of the HKSAR. The Hong Kong government is tasked with hosting and carrying out the details of such events.
Port call activities typically consist of diplomatic exchanges, repairs, refueling, restocking of supplies and local tours, sho上海会所品茶微信
pping and other friendly and relaxing activities. The Consulate General of the United States in Hong Kong and Macao is task
ed with submitting requests and other information regarding US naval port calls.
Li Haidong, a professor of US studies at China Foreign Affairs University, said the US Navy has a long track record of port visits上海会所
to Hong Kong given its strategic location, and requests for such visits must be submitted in advance.
“Hong Kong has been in turmoil for months now. Coincidence or n
上海会所品茶微信ot, the US Navy couldn’t have picked a more terrible time for a port call. It feels highly su
spicious and does not take the feelings of the Chinese people into consideration,” Li said.
ce and the blockade of Hong Kong International Airport by some radical demonstra
tors, Abdulaziz Alshaabani, a Saudi Arabian expert on Chinese affairs, said such radical acts seriously unde上海夜生活
rmined the rule of law, hindered economic development and harmed the interests of Hong Kong’s people.
If the violence further escalates, Hong Kong’s prosperity and stability will suffer a severe blo
上海夜生活品茶微信w, undermining its well-deserved international image and status, the Saudi expert said.
Wilson Lee Flores, a columnist at The Philippine Star, said the continued chaos in Hong Kong, apparently created by an
ti-government protesters and encouraged by foreign influences, must be quickly stopped.上海夜生活
Strong measures should be taken as the chaos is not only bad for Hong Kong’s economy and tourism, but also disad
vantageous for the prosperity of the East Asian region as Hong Kong is an important financial and trade center, he said.上海夜生活品茶微信
China’s Mission to the European Union said on Wednesday that
what is happening in Hong Kong is now devolving into extreme violence.
上海夜生活It said in an online statement that any attempt to lump together the
rigorously lawful exercise of duties by Hong Kong police with the extreme and violent offe
nses by radicals is absolutely misleading and incorrect, and China is firmly opposed to such attempts.上海夜生活品茶微信
China’s diplomatic mission in Geneva also lashed out at the United Nati
ons human rights office on Wednesday, accusing its spokesman of making a “wro
上海夜生活ngful statement” about protests in Hong Kong that “sends the wrong signal to the violent criminal offenders”.
The Office of the Commissioner of the Foreign Ministry in the HKSAR said on Wednesday that the words and deeds of som上海夜生活品茶微信
e lawmakers from the United States have shown them to be the “black hands” behind the violent radicals in Hong Kong, ref
erring to a comment from US legislators including House Speaker Nancy Pelosi.