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Authorities have rushed to defend and clarify a controversial policy that has drawn wide criticism.The government will not take the one-size-fits-all approach in opening up gated communities to public road system, the Ministry of Housing and Urban-Rural Development said on its website on Wednesday, after the country’s top court said on Tuesday that the community road rule still needs legislative support.In a statement, the ministry emphasized that the legal rights of residents will be protected.The central government issued a new urban planning directive on Sunday saying that new open resident...
发布时间: 2016 - 02 - 25
浏览次数:29
Liu Shiyu was appointed as Party leader and chairman of the China Securities Regulatory Commission (CSRC), according to decisions made by the Communist Party of China Central Committee and the State Council on Saturday. Xiao Gang, former head of the CSRC, was removed from his post as the chairman as well as the Party leader of the commission.Chinese stocks slumped 23 percent in January, their poorest month since the depths of the global financial crisis in 2008, a performance that made the Shanghai exchange the world's worst-performing major market.A series of moves intended to smooth dram...
发布时间: 2016 - 02 - 24
浏览次数:27
China’s record expansion of credit in January reveals Beijing’s policy priorities. It sees avoiding a “hard landing” for the economy as more critical than imposing control over what some analysts call a debt “bubble”.Several other strands of China’s broader economic policy were also discernible in the January lending numbers. Beijing wants to funnel relief to debt-laden companies, crank up investment, boost the property market, pay off foreign loans and use the bond market to effectively bail out local governments.“This strategy [is to] help avoid a hard landing in the economy in 2016, though ...
发布时间: 2016 - 02 - 23
浏览次数:35
Why have the prices of bank shares fallen so sharply? A part of the answer is that stock markets have declined. Banks, however, remain the weak link in the chain, fragile themselves and able to generate fragility around them.Between January 4 and February 15 2016, the Standard & Poor 500 index fell 7.5 per cent while the index of bank stocks fell 16.1 per cent. Over the same period, the FTSE Eurofirst 300 fell 9.5 per cent, while the index of bank stocks fell 19.5 per cent.The decline of European stocks was a little bigger than that of US ones but the underperformance of the European banki...
发布时间: 2016 - 02 - 22
浏览次数:30
Customers of two household name banks across the UK are set to be able to access their mobile and telephone banking using the unique characteristics of their body. This new technology comes as research reveals that 37% of Brits agree that traditional passwords have become an outdated security measure, and one in three people will use the same password across most of their accounts.Millions of UK consumers are set to be able to access their mobile and telephone banking using the unique characteristics of their own body to verify their identity. HSBC and First Direct are bringing biometric secur...
发布时间: 2016 - 02 - 20
浏览次数:34
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