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GOME
Gome to Hold Special Shareholder Conference on September 28
Gome Electrical Appliances announced yesterday that it will hold a special conference of shareholders on September 28 at the request of its founder and largest shareholder, Huang Guangyu. Huang is demanding that executive directors Chen Xiao and Sun Yiding be removed and immediately replaced by Zou Xiaochun and Huang’s younger sister, Huang Yanhong.
Sina Finance | 2010-08-24
INCOME TAX
Expert at NDRC Suggests Income Tax based on Family Situation
Yang Yiyong, director of the National Development and Reform Commission’s (NDRC) Social Development Research Department, suggested counting poor families as a single individual while collecting income tax. He also advises a gradual reduction of the Gini Co-efficient in the implementation of a 12th Five-year Plan in order to reduce the income gap in Chinese society.
The Beijing News | 2010-08-24
SHENZHEN
Shenzhen Approves Ten-year Plan
According to a notice released by the general office of the State Council, the State Council has approved a ten year development plan in Shenzhen. The plan requires the Special Economic Zone restrict its population to fewer than 11 million and limit its construction sites to less than 890 square kilometers until 2020. The council also expects Shenzhen to encourage relations with Hong Kong and prom...
Caijing | 2010-08-24
INVESTMENT
Despite Profits, Huijin Still Owes Debt to CIC
The Central Huijin Investment Company released its annual report on August 19, revealing profit gains of 218.9 billion yuan in 2009 but debts of 277.9 billion yuan to its parent company the China Investment Corporation (CIC). The report has triggered suspicions about relations between the two companies.
21 Century Business Herald | 2010-08-24
TRAFFIC
Traffic Jam on Beijing-Tibet Expressway Attributed to Coal Trucks from Inner Mon...
The heavy traffic on the expressway connecting Beijing and Tibet that has lasted for ten days is due to an influx of coal trucks from Inner Mongolia. They are choosing this expressway rather than others to avoid being punished and charged by coal-checkpoint stations along the other highways connecting Beijing and Inner Mongolia.
Xinmin Daily | 2010-08-23
POLITICS
New Secretary of CPC Guizhou Committee Determines to Make His working-Team Clean
Li Zhanshu, the new secretary of the CPC Guizhou Committee, has stated he would be a “good student, a good public servant and a good monitor of the CPC’s Provincial Committee”. He said he would try his best to make the CPC Guizhou Committee a united, practical, diligent and honest party organization.
China News Service | 2010-08-23
SECURITIES
CSRC to Reform Regulations Concerning Issuance of New Stocks
The China Securities Regulatory Commission (CSRC) has published a draft notice to reform the regulations concerning the issuance of new stocks. The proposed reform contains improving the mechanism for distributing stocks and halting the trade of stocks as well as shortening the amount of time it takes before new stocks can enter the market. The CSRC is soliciting feedback on this draft notice unti...
Jiefang Daily | 2010-08-23
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Briefs

China Releases Ten-Year Forest Protection Plan
China's State Council has passed a recently published "National Plan for the Use and Protection of Forest Land (2010-2020)," put out by the State Forestry Administration
Source:State Forestry Administration
Mainland Students Allowed to Study in Taiwan
The Taiwanese legislature has passed the amendments of three laws, providing access for mainland students to enter Taiwan's colleges.
Source:The Beijing News
EUROPE
Interview with Jean Pisani-Ferry and Nicolas Veron
We talk to two experts from the Brussels-based European think thank Bruegel

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