Tsai prepared to have cross-strait talks
The most important and market-moving stories from the Chinese-language media
Taiwan is adamant about building a consistent, predictable and sustainable cross-strait relationship, Taiwanese President Tsai Ing-wen reiterated at the Double Ten celebrations in Taipei on Monday. “We can talk about anything beneficial to the cross-strait peaceful development and the livelihood of people on two sides,” said Tsai.
China Issues New Documents On Corporate Deleveraging
China’s State Council issued an opinion on corporate deleveraging Monday afternoon, reiterating the market-oriented principle and proposing seven major ways to achieve the goal, including – push for merger and acquisition, gradual start of the debt-to-equity swaps and allowing corporate to declare bankruptcy according to law.
The opinion came with a guiding opinion on launching the debt-to-equity swaps. The scheme, first time in 17 years, will target on prospective enterprises yet with temporary difficulty, open to the four large state-backed asset management corporations, insurers and companies invested with state-owned capital.
Shareholding reform to finish by 2017
The State-Owned Assets Supervision and Administration Commission has been speeding up shareholding structure reform and aims to have it finished by 2017, according to Xiao Yaqing, the commission head.
Xi pushes for bigger internet role
China should take on a bigger role in formulating international rules governing the internet, President Xi Jinping told the 36th collective study session of the Politburo of the Communist Party of China on Sunday. Xi also called for more innovation in internet information technology and the development of the digital economy.
Property sales down 40 per cent
The number of primary property transactions dropped by around 40 per cent in most Chinese cities during the Golden Week national holiday after the implementation of new crackdown measures, Xinhua reports. In Beijing, 165 new flats were sold during the week, down 161 on the previous year’s Golden Week, and compared to 320 sold on average per week in September.
China frees salt pricing
Table salt production companies will be free to decide on pricing starting from January 1, 2017, the National Reform and Development Commission announced on Sunday, ending the government’s monopoly.
By Lin Wanxia, Poo Yee Kai & Benny Kung