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Policy Updates
- Measures to boost cross-Straits cooperation
Officials from the Chinese mainland pledged to further open its cultural and educational sectors to Taiwan, part of its drive to facilitate cross-Straits exchanges.
- Rule on wealth management funds tightened
China Banking Regulatory Commission said it issued a new circular banning banks from investing wealth management funds in secondary-market stocks.
- 10.4 bln yuan on basic public health care service
China's Ministry of Finance announced that the country allocated 1.53 billion US dollars in subsidies for nationwide public health care service in 2009.
- Local gov't ordered to spend more on health care
Central government has ordered local gov'ts to increase funding for public health care system.
- Guangzhou starts one-dog policy
A new regulation on dog keeping will take effect in Guangzhou on Wednesday.
- New regulation restricts sex info on Internet
Access to information about sex on the Internet will be further restricted under a new regulation by the Ministry of Health.
- Draft law to punish animal cruelty
A draft of the China's first law on animal protection has proposed a fine of  US$877 and two weeks detention for those found guilty of animal cruelty.
- Real name registration system required
Real name registration will be required for website owners and editors as well as their moderators.
- Balance tilts in favor of local firms
NDRC and eight ministries jointly released a notice requiring local gov't to give priority to Chinese products when purchasing for government-invested projects.
- China announces plan to boost Jiangsu
The State Council, China's Cabinet announced a plan to boost coastal regions of east China's Jiangsu Province on June 10.
- China relaxes control on foreign exchange use
China is loosening its grip on the use of foreign exchange to encourage domestic firms to make overseas investment.
- NDRC details on auto replacements program
NDRC, announced the detailed plan for the China's subsidy for auto and home appliance replacements on June 3.
- China relaxes rules on outbound investment
SAFE posted a draft regulation on foreign exchange management involving domestic enterprises investing abroad.
- Revised rules on China's Nasdaq-style board
Two revised rules involving a planned Nasdaq-style stock market, will take effect on June 14.
- Number is up for illegal lotteries
China's legislators brought in the first rules to govern the previously unregulated lottery industry.
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