No. 334, Sept 24(1)

By English edition staff
Published: 2007-09-27

Allows Small and Big Businesses to Co-exist
Editorial, page 1
We applaud a move by the State Administration for Industry and Commerce to withdraw policies related to "independent entrepreneurs" in various industries, including management fees that it administers on businesses. and lifting a ban on mobile vendors. We believe that a fair business environment provides rooms for both small and large scale businesses to co-exist and thrive.
http://www.eeo.com.cn/eobserve/eeo/jjgcb/2007/09/24/83840.html

Win the Lottery in Five Minutes
Cover story, page 1
A five-minute delay in a computer system used to update the winners' database of Welfare Lottery in Liaoning has allowed a man to siphon 28 million yuan worth of prize money over a two-year period. A lottery stand owner in Liaoning province took advantage of the flaw by repeatedly keying in valid winning numbers sold through his stall during the five-minute window of opportunity, allowing him to pocket the extra prize money. His scam went undetected until the Lottery firm was recently audited. The system provider, Shenzhen-based SinoData Tech, had reportedly compensated the Lottery firm for the defect in its product.
http://www.eeo.com.cn/eobserve/eeo/jjgcb/2007/09/24/83839.html

Financial Bonds to Curb Excess Liquidity
News, page 1
The China Banking Regulatory Commission is expected to begin allowing financial arms of enterprise groups to issue financial bonds. Sinopec Finance and China Power Finance are likely to be among the first to test the water. The move is believed to be yet another aimed at curbing excess liquidity in the market.
http://www.eeo.com.cn/eobserve/eeo/jjgcb/2007/09/24/83852.html

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