介绍:
Changes expected in China's capital market next year
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Plans are now being finalized for the creation of a Strategic Emerging Industry Board on the Shanghai stock exchange.
The new board will be meant to support Chinese high-growth and innovative companies.
The China Securities Regulatory Commission is also working to speed up the transfer system for companies on the New Third Board to transfer to the larger Shenzhen bourse.
The New Third Board is a national share transfer system for small and medium-sized enterprises.
A stock connect scheme between Shenzhen and Hong Kong is also expected to be launched next year.
The stock connect scheme allows investors to trade on both bourses under a quota.
For more on the impending changes to the mainland stock market this coming year, CRI's Shane Bigham spoke earlier with Mike Bastin, Director of the China Business Centre at Southampton Solent University in London.
Mike Bastin, Director of the China Business Centre at Southampton Solent University in London, speaking with CRI's Shane Bigham.
China to raise budget deficit ratio in 2016
Chinese government says it's going to raise its budget deficit ratio next year.
The decision has been made at a national fiscal work conference this Monday.
The government also says its going to be more assertive with its fiscal policies in the coming year.
Authorities are also going to set a new limit for local governments to increase their debt.
Central authorities are also promising to cut taxes and avoid overcharging enterprises so they have more money at their disposal.
China raised its fiscal-deficit-to-GDP ratio to 2.3 percent for this year, compared with last year's target of 2.1 percent.
That number is expected to move well beyond 3 percent thsi coming year in an effort to shore up growth.
A 3-percent deficit ratio is normally considered a red line not to be crossed, but opinions favor a higher ratio as it enables the government to cut taxes, encouraging more production.
China rail freight drops less in November
Data released by China's top economic regulator shows the slowdown in railway freight volume in China has eased up slightly in November.
Chinese railways carried about 270 million tons of cargo last month.
This is down nearly 16 percent year on year.
However, its slightly less than the 16.3 percent drop in October.
In the first 11 months of this year, rail freight volumes are down around 12-percent.
Rail freight figures are used by some as a gauge for demand and factory activity.
China in 2015 becomes net exporter of capital for first time
The Ministry of Commerce this country has become a net exporter of capital for the first time since records of this kind have been kept.
Commerce minister Gao Hucheng has made the revelation following a year-end meeting this Monday.
"The overseas direct investment (ODI) in 2015 is expected to hit 128 billion U.S. dollars, and China has become the net exporter of capital for the first time. Now, China has set up nearly 30,000 companies overseas."
New figures also suggest online retail sales in China are expected to reach 4-trillion yuan this year.
Total retail sales for consumer goods are expected to hit 30 trillion yuan this year.
These two stats are bringing personal consumption to around 60 percent of China's total GDP growth.
In terms of foreign trade, Chinese exports grew at an annual average of 6.5 percent.
China's share of the global trade market sits at around 13.2 percent this year.
China fines shipping companies for price fixing
Chinese authorities have fined eight international sea freight shipping companies nearly 63 million U.S. dollars for price fixing.
The companies included Japan's NYK Line, "K" Line and Chile's CSAV.
Authorities say the companies involved manipulated prices for shipping vehicles and heavy machinery on major routes the past 4-years.
Chinese officials say the companies reached agreements of "mutual non-aggression," allowing them to jointly raise prices.
The National Development and Reform Commission has imposed fines ranging from 4 to 9-percent of their business revenues in China last year.
Foxconn Proposes to Buy Sharp: Report
It's being reported Hon Hai Precision Industry, aka Foxconn, may be prepared to spend around 2.5 billion U.S. dollars to acquire Sharp Electronics.
The proposed price is said to be about 50 percent higher than Sharp's current market value.
Its being reported that as part of any deal to move forward, Foxconn is going to demand the current management, including Sharp President Kozo Takahashi, resign.
The deal would also see Foxconn acquire the roughly 6.3-billion US dollars in debt Sharp currently holds.
Aside from Foxconn, the Innovation Network Corporation of Japan, which is sponsored by the Japanese government, is also said to be considering buying Sharp.
