CONTINUED reforms in Shanghai’s financial system are high on the agenda as the city forges ahead with plans to become a global financial and commercial hub.
Those reform proposals include tariff reduction in the city’s pilot Free Trade Zone and tighter scrutiny over fraudulent Internet finance businesses.
The Shanghai Committee of the Chinese People's Political Consultative Conference met recently to refine its agenda for the way forward. Party Secretary Han Zheng and regulators like the Shanghai Municipal Financial Service Office responded to members’ questions
Camiseta Iker Casillas Real Madrid , comments and proposals.
Member Wang Liang, deputy director of the conference’s economic committee, said he thinks other free trade zones in China, like the one in Shenzhen, are stealing a march on Shanghai by being bolder in their market-oriented reforms. The result
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In response to that concern, Han said the Shanghai zone should really be designated as a “national test area,” not a local free trade zone.
“This relates to the re-creation rather than the reallocation of government functions,” Han said in the panel discussion on Sunday about future plans for the Shanghai pilot Free Trade Zone.
“If people in office don’t have enough revolutionary spirit to relinquish powers
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Member Tu Haiming, also president of Shanghai Hodoor Real Estate Development Co, said the Shanghai zone should accelerate deregulation of the customs process, allowing multinational companies to deliver goods to customers within 24 hours instead of current two to three days.
Committee member Fang Huaijin
Camiseta Personalizada Real Madrid , vice president of the Shanghai International Port Group, suggested that Shanghai should implement a zero tariff policy for companies doing business in the zone and create preferential policies for industrial, manufacturing and shipping companies instead of applying various tax policies on different categories of companies.
Beyond the zone, committee members also expressed concerns about the monitoring of fraudulent online peer-to-peer lenders and the potential risks posed to the development of legitimate financial technology companies if hard-and-fast rules are implemented.
Last January, Shanghai halted registration of new Internet finance companies that used marketing terms like “investment
Camiseta Vinicius Junior , assets, capital, shares, finance management and lease financing.” Shanghai Daily earlier reported after seeing the document.
The registration squeeze was followed by a national raid of online Ponzi schemes that bilked elderly people of hundreds of millions of yuan of life savings in 2015 to 2016.
Such raids shouldn’t affect the normal business operations of smaller financial companies or venture capital firms, wrote committee member Hong Zhongxin
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“A large number of start-ups, especially privately owned companies that lack access to mainstream fundraising channels, find it harder to attract capital from venture funds,” Hong said. “That goes against the municipal government’s strategy of building Shanghai into an international financial hub.”
Xie Dong
Camiseta Marcos Llorente , vice director of Shanghai Municipal Financial Service Office, told Shanghai Daily that the duration of current national raids is governed by outcome and not a specific time period.
“How to control the financial risks posed by fraudulent loan companies remains the most difficult and crucial part of our work,” Xie said. “We have allocated funds for the education of investors to try to head off these scams, both in communities and campuses.”
During the five-day annual session of the consultative conference, committee members submitted 106 proposals related to the economy.
The session ended yesterday.
Football is a wonderful sport. It is a sport cherished and enjoyed by every nation present in this world of ours. Starting from a young age of 6 to the oldest person living on planet loves to watch football matches. However their interest levels vary with individuals. Some takes it seriously and aspires to become a professional. Some takes it as hobby just for maintaining physical health. Some just loves to watch their favorite sides on action whilst some loves to play virtual football games. There are some who aspires to get involved at the back ground of the sport. This involves managing sides
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Whether it is the Official FIFA world cup or league cup season, every kid in the world is invariably glued to the tv sets or watching it live in person. They either play it seriously in local grounds with at most passion or would at least love to kick the ball just for the occasion. Football as a sport has several icons and heroes and every kid invariably tries to imitate their role models.
To become professionals or at least to develop a decent level of knowledge about the sport, kids needs to be groomed from a very early stage. Many parents encourage their children to take up any active sport training. Training kids is not an easy task. It is very difficult to make them understand about the rules and regulations, do?s and don?ts etc. However
Camiseta Dani Ceballos , television and technology has modernized the whole world and off late these young ones being glued to their tv sets, they know most of the rules and regulations. Thus the jobs of the teaching staffs has become much more easier off late and all they need to do is motivate them, give them opportunities and teach them the techniques of playing the game.
The training involves kids of the age groups ranging between 6 till 17. When it comes to adolescence ones we need to bring down our training levels and act patient. Kids are fast learners and thanks to their tiny body str.
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