Tag Archives: Shenzhen

China: Daily Scan, December 28, 2021

China releases shortened negative lists for foreign investment: Xinhuanet
December 27, 2021

China on Monday unveiled two shortened negative lists for foreign investment, as part of efforts to further open up the economy and promote high-quality economic development.
The number of items that are off-limits for foreign investors will be cut to 31 in the 2021 version of the negative list from 33 in the 2020 version, according to a statement jointly released by the National Development and Reform Commission and the Ministry of Commerce. Click here to read…

Mega water diversion project benefits Beijing: Xinhuanet
December 27, 2021

A mega water diversion project has so far benefited more than 13 million residents in Beijing, the local water authority said Monday.The South-to-North Water Diversion Project has transferred over 7.3 billion cubic meters of water from major rivers in the south of the country to the nation’s capital over the past seven years, according to the Beijing Water Authority. Click here to read…

Military exercises to be held in Bohai Strait, Yellow Sea for two weeks: China Military
December 27, 2021

According to a notice released by China’s Dalian Maritime Safety Administration, military exercises will be performed in waters of Bohai Strait and north Yellow Sea from December 26, 2021 to January 9, 2022. Click here to read…

Historical roots strengthen China’s plan for future: China Military
December 27, 2021

There is no greater guide for the path we find ourselves on today than the road which we have already traveled. While China has increasingly become synonymous with innovation and a future-oriented outlook, the momentous milestones reached in 2021 had a single underlying theme of an entirely different nature — history. Click here to read…

China reports highest number of daily COVID cases in 20 months: Global Times
December 27, 2021

China reported 200 COVID-19 cases on Monday, with 162 domestic transmissions, the largest daily increases in almost 20 months. With concerns increasing over whether China can effectively put this round of flare-ups under control before the Beijing Winter Olympics in February, especially as the Omicron variant is causing havoc globally, analysts said that China’s dynamic zero policy and previous experience in quelling domestic outbreaks will help curb the current epidemic, and the closed-loop management of the Beijing Olympics will ensure the safety of the sports event.Click here to read…

Foreign investment banned in rare-earth sector, new negative lists show: Global Times
December 27, 2021

China’s newly released negative lists of sectors off-limits to foreign direct investment showed on Monday that overseas investors are prohibited from investing in rare-earth mining projects. Experts said that the move aims to protect and optimize domestic rare-earth resources, which are essential for many key technologies, while improving the core value of the industry chain. Click here to read…

China drafts rules to tighten management of company registrations: Reuters
December 27, 2021

China’s central bank and market regulator issued draft rules on Monday requiring companies to improve the management of their registration information, with any deferred registration filings likely to be subject to the rules. The proposals aim to improve transparency and strengthen the enforcement of anti-money laundering laws, the two regulators said in a joint-statement on their websites. Click here to read…

Hong Kong Apple Daily founder and staff face new sedition charge: Reuters
December 28, 2021

Hong Kong prosecutors on Tuesday filed a “seditious publications” charge against jailed media tycoon Jimmy Lai who already faces charges under a tough national security law that critics say has stifled freedoms in the Asian financial hub. Lai, 74, the founder of the pro-democracy Apple Daily newspaper, appeared in court alongside six other former Apple Daily staff. The daily tabloid closed in June after authorities raided the newspaper, arrested staff on national security grounds and froze assets. Click here to read…

Nimble Chinese satellite grabs hi-res images of US city in seconds say researchers: South China Morning Post
December 28, 2021

In just 42 seconds, a small Chinese satellite captured images of a large area around a US city that would be sharp enough to identify a military vehicle on the street and tell what type of weapon it might be carrying, say scientists reporting on the breakthrough. Beijing-3, a small one-tonne commercial satellite launched by China in June performed an in-depth scan of the core area of the San Francisco Bay (3,800 square kilometres or 1,470 square miles), according to scientists involved in the project. Click here to read…

Shenzhen party boss takes over as acting governor of Guangdong province: South China Morning Post
December 27, 2021

The Communist Party chief of Chinese tech hub Shenzhen has been promoted to acting governor of Guangdong, the province’s legislature announced on Monday. Wang Weizhong, 59, takes over from Ma Xingrui. Ma was named as the new party secretary of the far western Xinjiang region on Saturday, replacing Chen Quanguo, according to state media.
Already an alternate member of the party’s policymaking Central Committee, the promotion is likely to pave the way for Wang to become a full member at next year’s national congress – a twice-a-decade event that is expected to usher in major leadership changes. Click here to read…

China: Daily Scan, November 3, 2021

Chinese vice premier stresses efforts to ensure energy supply: Xinhuanet
November 2 2021

Chinese Vice Premier Han Zheng on Tuesday stressed efforts to ensure the supply of energy this winter and next spring under the new concept for development. Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks when chairing a symposium during an inspection trip to the State Grid Corporation of China. Click here to read…

Chinese premier urges efforts to foster, strengthen market entities: Xinhuanet
November 2 2021

Chinese Premier Li Keqiang has underlined the importance of work to foster and strengthen market entities to stimulate market vitality and social creativity. Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks while chairing a symposium during an inspection trip to the State Administration for Market Regulation on Monday. Click here to read…

China bans private contact between judges and lawyers to uphold judicial integrity: Xinhuanet
November 2 2021

Private contact has been banned between judges and lawyers, and between prosecutors and lawyers, according to newly introduced Chinese regulations aimed at better safeguarding judicial integrity and justice. Click here to read…

China steps up development of subsidized rental housing: Xinhuanet
November 2 2021

China has accelerated the development of government-subsidized rental housing as part of the country’s efforts to better meet people’s housing needs. In the first nine months, 40 cities across the country have started the construction of 720,000 government-subsidized apartment units, accounting for 76.9 percent of their full-year target of 936,000 units, showed data from the Ministry of Housing and Urban-Rural Development. Click here to read…

Senior CPC official calls for imbibing revolutionary history to advance national rejuvenation: People’s Daily
November 3 2021

Wang Huning, senior official of the Communist Party of China (CPC), on Tuesday emphasized learning from the country’s revolutionary history and pushing forward the great cause of national rejuvenation. Wang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and a member of the Secretariat of the CPC Central Committee, made the remarks in Beijing while attending a symposium marking the 90th anniversary of the founding of the Chinese Soviet Republic and the central revolutionary base. Click here to read…

Hacking from India rose in past 2 years, targeted China’s medical industry using forged physical examination forms at the beginning of epidemic: Global Times
November 2 2021

Hackers from India have been caught actively launching cyberattacks targeting China’s multiple sectors as well as individuals in the past two years during the epidemic, and their attacks are largely on the rise in the first half of 2021, the Global Times learnt from an exclusive interview with Chinese tech giant 360 Security Technology on Tuesday. Click here to read…

China rolls out largest integrally formed propellant tank bottom of new launch vehicle: Global Times
November 3 2021

China rolled out the largest integrally formed propellant tank bottom of the new launch vehicle in the country, which was built using new spinning technology developed by the Shanghai Academy of Spaceflight Technology (SAST) with a diameter of 3.8 meters, The Paper published on Tuesday. The entire length of the tank is 21 meters, which is one of the longest units to launch vehicles in China, according to the report. Click here to read…

Beijing stock market publishes draft rules for trading and membership management: Global Times
November 3 2021

The Beijing Stock Exchange published on Tuesday the draft rules for trading and management of its membership. This is one step closer to the opening of the third stock exchange in the A-share market just over two months after it was announced. The draft rules that add to the 31 specific rules that provide guidance for IPOs, fundraising and mergers and acquisitions, company regulations, securities trading, and membership management, among others will be effective on November 15, the Beijing stock said in a late-night statement on its website. Click here to read…

China considers new mix of tax, fee reductions for small, micro-sized businesses: Global Times
November 3 2021

China is mulling a new mix of tax and fee reductions to address hardships confronting small and micro-sized businesses and self-employed people, Premier Li Keqiang said during an inspection tour to the country’s top market regulator, the Securities Times reported Tuesday. Click here to read…

Chinese firm to build Tiansuan satellite constellation to support 6G development: Global Times
November 2 2021

Chinese private satellite company Spacety and Beijing University of Posts and Telecommunications (BUPT) have inked a deal to jointly launch a series of satellites to build an open-source platform that could support the development of 6G network, satellite internet and other technologies. The project, the Tiansuan Constellation, is a satellite constellation targeting computing software and algorithms. Combining computing software – the core network systems of 5G and 6G, as well as artificial intelligence (AI) – with satellites has become a popular scientific research topic, Fu Yunhao, an employee from Spacety told the Global Times on Tuesday. Click here to read…

Shenzhen relaxes rules for developers buying land, backing away from the cap that sent real estate auctions into a tailspin: South China Morning Post
November 3 2021

Shenzhen has relaxed the conditions for taking part in land sales, one of the first among China’s local authorities to backtrack from the draconian measures that have sent the entire country’s real estate industry into a tailspin. According to the new rules laid out by the Planning and Natural Resources Bureau of China’s technology metropolis, more than one developer will be allowed to bid for land at the same price, where the competition will be based on how many homes they can build under the “affordable” price category. The bureau put 11 plots on the market last week, the third land sale this year. Click here to read…

China to strengthen personal data protection in fintech sector: Reuters
November 3 2021

China will strengthen personal protections in the financial technology sector to curb unauthorised data collection and abuses, the country’s central bank chief said on Wednesday. Beijing will improve the legal frameworks in the sector and countries should jointly set standards for personal data protection, People’s Bank of China Governor Yi Gang said via video at the Hong Kong Fintech week. Click here to read…

China’s COVID-19 cases spike ahead of Communist Party conclave: Reuters
November 3 2021

China’s new locally transmitted COVID-19 cases spiked to a near three-month high and tighter curbs to contain the spread are expected in the capital Beijing ahead of a key gathering of the highest-ranking members of the Communist Party next week.The National Health Commission confirmed on Wednesday 93 new local symptomatic cases for Nov. 2, up from 54 a day earlier and the highest daily count since Aug. 9 at the peak of China’s last major outbreak. Click here to read…