Hong Kong can help China be world’s shareholder: Charles Li
The most important and market-moving stories from the Chinese-language media
China can be a world shareholder, Charles Li says
The Hong Kong market can help turn China from a “world creditor” to a “world shareholder,” Charles Li Xiaojia, chief executive of Hong Kong stock exchange, told Sina Finance on Monday afternoon, after the launch of the Shenzhen-Hong Kong Stock Connect. The next step for Hong Kong’s bourse is to focus on inclusion of exchange-traded funds and initial public offerings in the two Connect programs, Li said.
Stricter supervision set for state-owned assets
The Central Leading Group for Comprehensively Deepening Reforms is urging authorities to better supervise state-owned enterprises and assets through auditing, a YiCai eport said, citing CCTV news on Monday night. The group also encouraged the simplification of the supervision process by promoting corporate governance, the report added.
Local governments to assess energy conservation
The evaluation of China’s energy conservation and the review of fixed assets projects will be done by local governments starting from 2017, YiCai reported, citing the National Development and Reform Commission website.
Guangzhou to invest 11b yuan in technology innovation in 2017
The Guangzhou government will invest 11 billion yuan (US$1.5 billion) in technology innovation in 2017, including building an international research and development center, expanding the scale of incubators, and subsidizing high-technology companies, Xinhua News Agency reported on Monday night.
70% of budget will go into original content: LeTV
LeTV President Ko Fei announced a new direction for its television content, a YiCai eport said on Monday, citing a corporate letter. More than 70% of the budget will finance production of original content and programs will target various audience age groups.
China promotes 2016 agriculture census
China’s 2016 Census of Agriculture will start on January 1, 2017 and a promotional campaign was launched to inform people and encourage farmers to register, Xinhua reported on Monday evening. The National Bureau of Statistics also has a video about the census on its website. The census is a statistical protrait of the country’s fundamental agricultural conditions and any changes since the last census in 2006. This census is done once every decade and the first one was completed in 1996.
State Council to impose green tax
The State Council wrote in its 13th Five-Year Plan it plans to levy a tax on companies to encourage environmental protection, reported YiCai on Friday night. A preferential taxation policy will also be adopted on ecological construction and the use of clean energy, the report added.