Depreciation of the U.S. dollar below the China's textile export

By Professional editor working for himfr.

The Fed recently took to the market 1150 billion U.S. dollars capital injection, I hope down the mortgage and other consumer loan interest rates and stimulate consumption in order to revitalize the U.S. economy. Which the Federal Reserve will spend 300 billion U.S. dollars to purchase long-term Treasury bonds, as well as the additional 750 billion U.S. dollars spent to purchase mortgage-related securities. Dollar increase in the supply of such a result was depreciation of the dollar, resulting in a variety of raw materials, such as crude oil, steel, cotton prices, which will not only result in its domestic inflation, and will force the country to the United States currencies.

The United States, this policy, the Chinese textile industry and the impact of U.S. consumers are enormous. China Textile Industry Association vice president of the China Trade Promotion Council, executive split of the textile industry, Zhang Kai, vice president of the outlook that a many diagram of other United States currency, will ultimately wound the Chinese textile industry's fiscal interests. From the worker point of outlook, due to the depreciation of the dollar, resulting in the appreciation of the renminbi, compelling the worker textile export prices, exports to the United States will shrink further. This is the restoration of China's textile industry is extremely detrimental to development. Because a prolonged time, China's textile, clothing exports to the United States has safeguarded a deal overload, where the dollar's devaluation will enable the textile industry of China's collected through the years greatly diminished the gains of money in the textile industry will also be affected.

Conte, complete overseer of Beijing garment export enterprises from the point of outlook of that countryside in lead to endorse the export of the textile industry has repeatedly stood higher the export tax rebate rate, and the devaluation of the dollar will reduce to numerous distance, the role of the policy, adding to the existing textile problems clothing export enterprises, corporate returns will shrink due to the depreciation of the dollar, also reduce the competitiveness.

Faced with the constantly changing trade situation, in order to reduce the risk of exports to ensure that the profits of export enterprises, China's central bank funds and the urgent need to sign a series of currency swap agreements, which is the biggest beneficiary of the plight faced by exporters in China. The financial crisis in Asian countries, exports have dropped, China's central bank at this time trade with a number of closely neighboring countries to sign currency swap agreements, to enable these countries to use yuan to purchase Chinese products and reduce the risk of fluctuations in the dollar and boost the region bilateral and multilateral trade recovery.

Central University of Finance and Economics banking research center Guo Tian Yong, director of the outlook that the ongoing worldwide economic calamity spread of liquidity caused by strain, given the export-oriented economy led by the Asian places and the region, enormous problems in dealing system, thus, to bolster regional economic cooperation to continue stability in economic markets, the prevention of economic calamity in an very productive way. Currency change harmony on China's export finance is a good news. Dollar liquidity as a result of global give is tight, numerous of China's dealing friends into the plight of deal settlement, the exercise of the stability of the RMB exchange dealing is against the economic calamity in an very productive way to assist rouse China's wares exports.

Bank of China and Argentina marked a bilateral currency swap affirmation, in order that the surrounding localities of Fujian and trade items to Central and South American nations are substantially boosted by the export-oriented enterprises. And Central and South American nations who have trade relatives with the Fujian apparel merchant, said Chinese items more well liked in Central and South America, particularly in apparel, footwear, little electronics and other items, where there are many of sales. However, because of the worldwide economic urgent position, South American nations, numerous of the currency depreciation, the number of dollars has shrunk after the procurement of a large Central and South American nations to battle the trade edge, the latest enthusiasm to decrease procurement. Through the steadiness of the RMB exchange of multilateral trade affirmations, trade items enterprises can obtain localized currency-denominated borrowings, which can competently circumvent the exchange rate risk, smaller exchange rate cost, in order that both edges benefit.

At present, the world economic situation, there are more variables, the world is still excess production capacity of traditional industries, a new round of economic growth have not yet emerged, the market risks remain tight. As a result of increased protectionism in international trade, textiles, clothing trade friction will also increase. Developed countries, mainly in intellectual property protection, non-tariff barriers, anti-dumping as a weapon, etc., to increase efforts to protect the domestic market. In response, Kai Zhang stressed that China's textile industry that exist in the economic development of deep-seated contradictions and problems are still quite prominent, institutional and structural barriers still exist, foreign trade and sustainable development capacity is not strong; export to low-cost, low price of the number of pattern of growth have yet to be fundamentally based change, or the establishment of China's textile exports in labor-intensive, low level of technology, energy consumption basis. Therefore, in response to external pressures, we must change this situation as soon as possible in order to fundamentally enhance the ability to resist the foreign trade risk. - 21392

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Auto perspective of the development direction of the green automotive industry

By Professional editor working for frbiz.

The financial turmoil sweeping the globe in the background, April 22 (today's date for the media) in Shanghai New International Expo Center, Shanghai Auto Show is the "unlimited spring": the total size of this show up to 170,000 square meters, with show growth over the previous 20%

And there are 13 models unveiled the world's first. In the global economy under the shadow of the Shanghai auto show why much of the major car manufacturers attach great importance to? This is due to the global automobile market under the pattern of fissile position highlights the focus of the Chinese market to seize the Chinese market, grasped the last straw to save lives is no longer an empty talk. Global auto giants including domestic automakers to compete in the future getting a head start and find a way out, not only have faster speed, positive attitude, and more importantly, "new thinking."

Decision conceiving way out, the new conclusion on the new way of thinking! Shanghai Auto Show this presents us the mainstream vehicle manufacturers to discover about the persons, emblems, goods, trading, scheme and so the opening to illustrate new thinking.

1, the lively Shanghai auto display is one of the world automobile market in the doldrums like an oasis, and possibly some doubt that only the illusion of a mirage, the Chinese automobile market is the principle of the virtual hand contain China. But one thing is certain that the annals of each will be escorted by financial urgent position in a new technological transformation, each technical and technological transformation will be a new around of financial development and an significant motor of prosperity. And development of energy-saving and new power vehicles should be the alternative of history.

This show, both small and large manufacturers, almost every family have launched a two new energy vehicles, including electric cars, hybrid, fuel cell vehicles and so on. SAIC and Shanghai Automotive to promote new energy leading group office signed a contract for the 2010 Shanghai World Expo will provide more than 1000 units of new energy vehicles; Shanghai GM to continue playing the "Green moving ahead," banner, the introduction of high-end hybrid SUV; Honda come up with their own hybrid Insiht housekeeping weapons and so on.

2, green, green is the eternal theme. From the auto display to brandish new expertise goods of nearly all the displays in a hue that is "green." From this issue of outlook, with the topic of this display mentioned to "technology" is "a new realm," was furthermore in line.

Ministry of Science and Technology Minister Wan Gang in the show in front of an open forum to promote new energy sources for the healthy development of automobile, Ministry of Science and Technology will work in four areas:

First, reach to enhance R & D money, to promote the mechanical supplies stays to transform, and promote electric-powered cars, plug-in hybrid electric-powered motor vehicle and its essential constituents of the industry.

Second, the Joint Science and Technology Ministry of Finance and other applicable agencies to together coordinate the implementation of nationwide energy-saving and new power causes, encourage the use of large-scale automotive technology, to encourage power conservation and new power causes, encourage the use of large-scale vehicle.

Third, learn from the United States, Japan and Europe to promote energy conservation and novel energy motor vehicle of good practices and experience, in individual, is a good policy tool to promote the implementation of energy accumulating and novel energy motor vehicles, and spur policies to support.

Fourth, the establishment of our association with new power keeping expertise discovery and the League of the automobile commerce, and encourage study with authorized cooperation.

3, the novel energy is the area of China's have brands. Many enterprises in 20,30 that the traditional internal combustion drive is despairing to flee from the years of dominance, the traditional internal combustion drive there is a great scientific and technological space, than the so-called novel energy lineages is now impractical to expect more cars to be realistic, to be very productive the diagram of the existing expansion ought be put accent on on the traditional internal combustion drive fuel efficiency developments of biological performance.

Indeed, the new power now commended not only the last cited will aim on the customary interior combustion motor is, after all, a scheme for preservation. But cautious too often produced in the decrease of the pulse to grab the opportunity. - 21392

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The world's large-scale auto display in China accumulated in Shanghai, the new automobile market conceiving

By Professional editor working for frbiz.

The economic turmoil clearing the globe in the backdrop, April 22 (today's designated day for the media) in Shanghai New International Expo Center, Shanghai Auto Show is the "unlimited spring": the total dimensions of this display up to 170,000 rectangle meters, with display development over the preceding 20%

And there are 13 theories unveiled the world's first. In the international economy below the shadow of the Shanghai auto appear why much of the principal car manufacturers attach great importance to? This is due towards the international automobile market below the pattern of fissile grading highlights the focus of the Chinese market towards grasp the Chinese market, grasped the last straw towards retain stays is none longer an unfilled talk. Global auto giants involving domestic automakers towards compete within the future getting a brain activate and encounter a distance out, not alone possess faster hurry, positive attitude, and many meaningfully, "new thinking."

Decision thinking distance out, the novel decision onto the novel distance of thinking! Shanghai Auto Show this provides ourselves the mainstream car manufacturers towards hear approximately the civilians, brands, products, selling, and so the opportunity towards illustrate novel thinking.

Employing novel thinking

The new managers are "China hand"

On the replacement of GM and PSA Peugeot Citroen CEO Two days later, this change will quickly wind blows from the other side of the ocean to China. April 1, Ford Motor China announced that Cheng will be leaving the company's chairman and CEO, GE to take over their duties to Connaught, Connaught Ge to Ford prior to the position of CEO and president of China. The same day, General Manager of Subaru of China also announced that Ono-kyu left the work as long as three and a half years in China, as a successor to Suzuki, the official took office in April. Suzuki percent from January 2009 has served as the second Subaru Overseas Sales Division of Asia, Oceania, Central and South America, Head of Sales, responsible for the relevant work of the Chinese market. In addition to the above two, Toyota and Honda have also made substantial adjustments to the joint venture in Guangzhou Toyota and Guangzhou Honda relevant high-level. In the cross-car giant will have the time for the beginning of this year came on the Chery Automobile Company's original sales manager Li Feng has a modern office in Beijing.

Careful observers located that the novel leaders are "China hand", they become many familiar with the Chinese automobile market, within selling, sales proficiency stronger, which is also conducive towards international crisis within the automotive industry and boost the transmit of the contextual the bolstering of the strategic layout of the Chinese market.

Brand new thinking

Self-hand vehicle charges multi-brand scheme

In recent years, has a firm foothold in the domestic automobile market and grow their own brands, have not satisfied with the development of a single brand, the current Shanghai auto show is a major bright spot in their own car prices have launched their own multi-brand strategy. Recently, Chery Automobile in 2008 on a low-key anti-announced the largest brand change ever. At the current Shanghai Auto Show, Chery's shares will carry the three companies, four of the 32 brand new cars to the "big Chery" collective appearance of the image into low, medium and high-end market segments, which also declared the Chery began to build their own international brands to enter a new stage of development.

Maple concern is the car will be unveiled at the Shanghai auto show on the brand new - Shanghai England, which marked the future will focus on high-end Maple Automobile production and sales of motor vehicles. And "Shanghai Maple" brand's waters, sea and fast, yet the sea, sea front, the model still used Haiyatt "Shanghai Maple" normal production and marketing of the brand.

Products new thinking

Models get the world's first in China

By the influence of the international financial worsening, the United States, Japan and the European large forces, for example automobile output and sales market is not optimistic. China's automobile market has shown the full impact. According to China Association of Automobile Manufacturers of the newest statistical facts and numbers display that the support by the principle, in January at 735,500, in February sales of 827,600, founded on China's auto sales in March proceeded to ascend to come to 1,109,800, a new monthly sales of all-time high.

Rather imply that the dire situation of the depths of GM's U.S. market within March sales of 156,000 for the equivalent period last year again the equivalent period within 2008 the 280,000 deteriorate within 45%; and areas within China car sales within March was the equivalent period last year escalated 24.6 percent towards 137,000 within the operation of a single month sales file set. China's auto market of great prospect for the future none doubt.

Mouth-watering Chinese automobile market has been so well cognizant of the international vehicle manufacturer in China for help as a last straw of a deep significance, it is in this backdrop, the foremost automakers have conveyed the world's newest merchandise, the first new vehicle, dizzying notion cars. Shanghai Auto Show, Nissan and Dongfeng Nissan's forms were all out simultaneously, the new Nissan spectacular representatives of the power part - NUVU electric driven vehicles will debut in the show. Another Japanese constructor Toyota FAW Toyota's work broadly, for example vapour, Toyota and Lexus, conveying the first time exhibitors as well as the new 8 notion vehicles 5.

At the identical time, in 2009 as a outcome of nationwide principles associated to the automobile commerce to adapt the stimulation of its own emblem new opening for re-development. The Shanghai Auto Show, the preceding uncommon FAW Group and Dongfeng Group will furthermore be present, China's six foremost auto assemblies will accumulate on the beach.

Marketing new concepts

Focus on regional markets after landing

When the number of car manufacturers within the deployment of attendants, brand, product and so a novel distance of thinking, the else cars standing onto the move within selling from the brain. The Shanghai Auto Show, Mitsubishi Motors of Japan towards cooperate exhibitors from the previous Mitsubishi Corporation (Shanghai) Co., Ltd. into a Mitsubishi car sales (China) Co., Ltd., the original, this is Mitsubishi Motors sales within China of the novel adjustment. To spare none effort towards herald imports of Mitsubishi vehicles within China corporation industry, selling of Mitsubishi Motors towards distort the thinking and tuning the flesh, predetermined up a sales corporate within China shall be a novel former moment products and facilities towards the Chinese market. Dongfeng-Nissan shall activate for the regional differences within the regional selling strategy, Dongfeng Nissan vice general executive Ren Yong remarked that from the macro point of look, the commercial industry of the presence of cyclical ups and downs; and from the business point of look, this cyclical ups and downs across their own efforts towards pressing, this is what they shall tool the "counter-cyclical market." The Dongfeng Citroen shall also be 3-5 years, hundreds of dots towards the photo transformation, the substitute of a novel LOGO, I trust towards upgrade the selling grade, towards grasp the profitable aftermarket. - 21392

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Santa Barbara Business College

By yang himfr

Santa Barbara Business College was originally founded in 1888 as a co-ed finishing college in Santa Barbara, California. Santa Barbara Business College is recognized as one of the oldest colleges in California and in the country[1]. Santa Barbara Business College originated as a business college in 1888, but since has expanded its program fields and campus locations. SBBCollege now has six campuses, including an online campus.

Accreditations

Santa Barbara Business College is accredited by the Accrediting Council for Independent Colleges and Schools. The ACICS is listed as a nationally recognized accrediting agency by the United States Department of Education and is recognized by the Council for Higher Education Accreditation. Generally, credits received at this junior college will not transfer to any UC, CAL State, or Community College, however, students have successfully petitioned to have the general education portion of their curriculum accepted.

[edit] Curriculum

Santa Barbara Business College began in 1888 primarily as a business college. In addition to its business program, SBBCollege has expanded to include programs in allied health, information technology, legal studies and wellness. Students can earn diplomas, as well as Associate's degrees in these programs. The curriculum of each program is designed to be career-oriented, preparing its students for specific employment opportunities.

* Business Administration * Medical Assisting * Medical Office Systems * Pharmacy Technician * Network Systems Administration * Criminal Justice * Legal Office Systems * Paralegal * Massage Therapy * Fitness Trainer

[edit] Financial Aid

The ACICS Accreditation authorizes SBBCollege to participate in federal funding programs. SBBCollege offers financial assistance to those who qualify. The types of assistance include scholarships, federal grants, and loans.

Locations

Santa Barbara Business College currently has campuses in the following California communities, including an online campus:

* Santa Barbara o Programs offered: Business Administration, Medical Assisting, Massage Therapy, and Fitness Trainer. o 506 Chapala Street, Santa Barbara, CA 93101

* Santa Maria o Programs offered: Business Administration, Criminal Justice, Fitness Trainer, Massage Therapy, Medical Assisting, Pharmacy Technician, Vocational Nursing, and Medical Office Systems. o 303 E Plaza Drive, Santa Maria, CA 93454

* Bakersfield o Programs offered: Business Administration, Criminal Justice, Legal Office Systems, Paralegal Studies, Network Systems Administration, Fitness Trainer, Massage Therapy, Medical Assisting, Pharmacy Technician, Vocational Nursing, and Medical Office Systems. o 5300 California Ave., Bakersfield, CA 93304

* Ventura o Programs offered: Business Administration, Criminal Justice, Legal Office Systems, Paralegal Studes, Fitness Trainer, Massage Therapy, and Medical Assisting. o 4839 Market Street, Ventura, CA 93003

* Palm Desert o Programs offered: Business Administration, Criminal Justice, Paralegal Studies, Fitness Trainer, Massage Therapy, Medical Assisting, Pharmacy Technician, Vocational Nursing, and Medical Office Systems. o 75030 Gerald Ford Drive, Palm Desert, CA 92211

* Online o Programs offered: Business Administration, Criminal Justice, Paralegal Studies, and Medical Office Systems. - 21392

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Business ecology

By yang himfr

Current Definitions of Business Ecology

The use of the term "business ecology" is not new. Yet, previous conceptualizations of the term have not yielded a meaning that sufficiently represents the fullness of either word. Rather, "business" is addressed in a narrow economic sense rather than relational one. "Ecology" is used more metaphorically than literally as much of this section illustrates. Furthermore, "business ecology" has not been well defined. As a result, it is subject to different uses, most of which are not grounded in ecological theory or method. The term "business ecology" is used in one of two ways:

1. To define tightly knit, inter-company relationships, or "business ecosystems"

2. To survey businesses' impacts on natural systems

With regard to the first definition, several web sites and articles have appeared espousing the importance of developing business ecologies and creating business ecosystems in order to offer better and faster service particularly within the computer industry. This idea appears to have emerged from James F. Moore's The Death of Competition (1996) and was further developed by Moore's later work. In The Death of Competition, Moore examined the importance of the company's context - its ecosystem. Moore (1996) defined the business ecosystem as follows:

"An economic community supported by a foundation of interacting organizations and individuals - the organisms of the business world. The economic community produces goods and services of value to customers, who are themselves members of the ecosystem. The member organisms also include suppliers, lead producers, competitors, and other stakeholders. Over time, they coevolve their capabilities and roles, and tend to align themselves with the directions set by one or more central companies. Those companies holding leadership roles may change over time, but the function of ecosystem leader is valued by the community because it enables members to move toward shared visions to align their investments, and to find mutually supportive roles." (p. 26)

In his book, Moore used several ecological metaphors. For example, he suggested that the firm is embedded in a (business) environment, that it needs to coevolve with other companies, and that "the particular niche a business occupies is challenged by newly arriving species" (1996, p. 3). Moore's later work has included consulting to companies, such as Intel, and informing them that "they would have to construct new webs of relationships and help seed emerging business ecologies" (Reinhardt, 2000, section Digital Rebar, para. 1). This meant that companies need to move out of their comfort zones, so to speak, and become proactive in responding to and taking part in changes that are happening in their industries and economies.

Using ecological metaphors to describe business structure and operations without discussing a company's relationships with the natural environment appears to be increasingly common especially within the field of information technology (IT). For example, J. Bradford DeLong, a professor of economics at the University of California - Berkeley, has written that business ecology is "the pattern of launching new technologies that has emerged from Silicon Valley" (DeLong, 2000, para. 1; also see Cohen, DeLong, and Zysman, 2000). He has defined business ecology as "a more productive set of processes for developing and commercializing new technologies" that is characterized by the "rapid prototyping, short product-development cycles, early test marketing, options-based compensation, venture funding, early corporate independence" and other qualities exhibited by Adobe Systems (DeLong, 2000, para. 6 & 4, respectively). DeLong has explained that the new business ecology greatly differs from the older, time-consuming method of developing new products and technologies.

DeLong also has expressed that the business ecology model is likely to last "because it's a better business ecology than the legendarily lugubrious model refined at Xerox Parc - a more productive set of processes for rapidly developing and commercializing new technologies" (DeLong, 2000, para. 6).

On its web site, Mangrove Software has defined business ecology as "(t)he interaction and correlation of economic conditions, technology, customers, employees, corporate partners, shareholders, and competitors forming the environment under which a business operates" (Mangrove Software, Inc., 2001, para. 1). The Montague Institute (1993), a company that focuses on information technology and management, has defined business ecology as "interacting systems consisting of companies, their customers and suppliers, and other players in the business environment" (para. 1). Kenneth L. Kraemer, director of the University of California - Irvine's Center for Research on Information Technology and Organizations, has explained, "It is the applications that firms buy or create themselves that bring value-added to the firm and to its business ecology of customers, suppliers and business partners" (UCI Communications Office, 1999, para. 11). Meanwhile, Stephen Abram, Vice President of Micromedia, Ltd., has asserted that the Web is "maturing as a business ecology" (Abram, 2000, section on Stephen Abram, para. 4).

In another web article, Tom Gruber, co-founder and CTO of Intraspect Software, has speculated that the economy of 2021 will become even more of a business ecology. Gruber, using business ecological metaphors extensively, has stated, "Imagine that companies are like organisms in an evolutionary landscape" (para. 4). Following Darwin's logic, the fittest companies survive as the business ecology changes" (para. 4). For example, Gruber has explained, over a century ago, Ford Motors did well using methods of mass production, an assembly line, and insourcing. However, Ford began to outsource its production "[w]hen the ecology evolved." Gruber (n.d.) has stated that such evolution in the ecology of the business world is "punctuated now and then by radical changes in the environment" and that "globalization and the Internet are the equivalents of large-scale climate change. Globalization is eliminating the traditional advantages of the large corporation: access to capital, access to markets, and economies of scale" (Gruber, n.d., para. 5-6). Thus, business ecology merely reflects the ever-changing business context.

The superficial link between business and ecology is made by others as well. Vinod K. Dar, Managing Director of Dar & Company, a Maryland-based firm that specializes in business strategy for energy and utilities companies, has written, "Evolution on the Internet is no different from physical evolution but with vastly compressed life cycles and faster genetic mutation" (Dar, 1999, para. 1).

Meanwhile, the article "ASPs - Creating a New Business Ecology" (Kaminsky, 2000) reflects the move within the application service provider (ASP) industry toward creating relationship networks and focusing on core competencies. As its author has written, "According to the gospel of Cisco Systems, companies inclined to exist together within an "ecosystem" facilitate the imminence of Internet-based application delivery" (Kaminsky, 2000, para. 1). Books such as Corporate DNA (Baskin, 1998) also use natural systems metaphors without discussing the real interfaces between human business and ecological systems. - 21392

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Insurance businesses will set up four navigate agreement of the China Banking Regulatory Commission China Insurance Regulatory Commission

By Professional editor working for automotive parts washer.

From the Securities and Futures Commission, Ministry of Finance, the central bank, China Banking Regulatory Commission and other financial regulatory officials from 11 of China's financial reform in the fifth high-level forum, said China Banking Regulatory Commission and China Insurance Regulatory Commission has been the pilot on the banks insurance companies to reach a consensus, first of all the four major banks in the pilot; financial executives to pay for the risk and peer-to-peer, performance-related. They also said that to promote the building of a multi-level credit market.

China Banking Regulatory Commission:

Insurance companies will set up four pilot

Supervision of a deputy chief director of the China Banking Regulatory Commission Lai Sau Fu said China Banking Regulatory Commission and China Insurance Regulatory Commission has been the direct on the banks indemnity financial gatherings to arrive at a concurrence, the first large-scale in the four direct banks.

"There are four regulatory authorities can not be tolerated: loans" Richard III "strictly caused by the increase in non-performing assets, more than large concentration of credit risk limits, loans arising in the course of the risk of moral hazard, unscientific to product design, sales process information opaque, have a reputation risk for banks, a very bad social impact. "He said that the prominent support of economic development, we need to stick to the bottom line risk, stable asset quality, various types of risk in the prevention of foot effort from top to bottom, especially the prevention of new credit risk, the risk of acquisition of loans, balance-sheet business risk, silver letter cooperation risk, the risk of banks and other cases.

Ministry of Finance:

Finance and risk bosses need to pay for such

Ministry of Finance, deputy chief director of money to study Hu said that the Ministry of Finance as an valued fiscal asset organisation subdivision, in fresh years, chiefly the work of the following characteristics: First, from a purpose on fiscal organisation to purpose on modifications in state-owned asset management; the second, from the purpose state-owned fiscal assets to the value of practical organisation of state-owned fiscal asset organisation of all characteristics of supervising change; Third, from a solitary procedure of state-owned assets to the development of state-owned fiscal asset organisation procedure to initiate the minimal framework; the fourth, the Ministry of Finance to fulfill both state-owned assets organisation roles, but in addition to some bounds to fulfill the roles of the shareholder to physical exercise the privileges of shareholders.

Hu learn that, to strengthen the financial management of state assets should be clearly defined objectives, the macro level to protect the financial security and stability, micro enterprises to finance their own decisions, to achieve and increase their value. At the same time, the management of state-owned financial assets must be clear principles: First, the principle is authorized; Second, uphold the incentives and constraints on and so on, pay the same principles and risks; third is to improve the corporate governance principles.

Bank:

Research "lending Ordinance"

People's Bank of China Liu Ping, deputy controller of the Institute of Finance suggestion to permit household personal economic and non-governmental lending sun, and heritage of China's borrowings retailers, construction multi-level borrowing markets.

"China's monopoly of the credit market by banks in foreign countries, the main forms of lending were unlimited, there are natural persons, companies, enterprises, associations, can be in various forms." She said that the current "credit Ordinance" submitted up after State Council Legislative Affairs Office has been included in this year's research plan is expected to standardize the form of national legislation adopted by non-governmental lending, to break the monopoly, so that a group of eligible people registered to lend loans to address the issue of SME financing.

She also said that the central bank will continue to track real-time monitoring and dynamic civil society and changes in lending to crack down on loan-sharking and illegal fund-raising, at the same time, and the public will have a positive flow and publicity, so that they can fully understand the non-governmental loans. - 21392

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