China: Daily Scan, November 3, 2021

Chinese vice premier stresses efforts to ensure energy supply: Xinhuanet
November 2 2021

Chinese Vice Premier Han Zheng on Tuesday stressed efforts to ensure the supply of energy this winter and next spring under the new concept for development. Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks when chairing a symposium during an inspection trip to the State Grid Corporation of China. Click here to read... [2]

Chinese premier urges efforts to foster, strengthen market entities: Xinhuanet
November 2 2021

Chinese Premier Li Keqiang has underlined the importance of work to foster and strengthen market entities to stimulate market vitality and social creativity. Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks while chairing a symposium during an inspection trip to the State Administration for Market Regulation on Monday. Click here to read... [3]

China bans private contact between judges and lawyers to uphold judicial integrity: Xinhuanet
November 2 2021

Private contact has been banned between judges and lawyers, and between prosecutors and lawyers, according to newly introduced Chinese regulations aimed at better safeguarding judicial integrity and justice. Click here to read... [4]

China steps up development of subsidized rental housing: Xinhuanet
November 2 2021

China has accelerated the development of government-subsidized rental housing as part of the country's efforts to better meet people's housing needs. In the first nine months, 40 cities across the country have started the construction of 720,000 government-subsidized apartment units, accounting for 76.9 percent of their full-year target of 936,000 units, showed data from the Ministry of Housing and Urban-Rural Development. Click here to read... [5]

Senior CPC official calls for imbibing revolutionary history to advance national rejuvenation: People’s Daily
November 3 2021

Wang Huning, senior official of the Communist Party of China (CPC), on Tuesday emphasized learning from the country's revolutionary history and pushing forward the great cause of national rejuvenation. Wang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and a member of the Secretariat of the CPC Central Committee, made the remarks in Beijing while attending a symposium marking the 90th anniversary of the founding of the Chinese Soviet Republic and the central revolutionary base. Click here to read... [6]

Hacking from India rose in past 2 years, targeted China's medical industry using forged physical examination forms at the beginning of epidemic: Global Times
November 2 2021

Hackers from India have been caught actively launching cyberattacks targeting China's multiple sectors as well as individuals in the past two years during the epidemic, and their attacks are largely on the rise in the first half of 2021, the Global Times learnt from an exclusive interview with Chinese tech giant 360 Security Technology on Tuesday. Click here to read... [7]

China rolls out largest integrally formed propellant tank bottom of new launch vehicle: Global Times
November 3 2021

China rolled out the largest integrally formed propellant tank bottom of the new launch vehicle in the country, which was built using new spinning technology developed by the Shanghai Academy of Spaceflight Technology (SAST) with a diameter of 3.8 meters, The Paper published on Tuesday. The entire length of the tank is 21 meters, which is one of the longest units to launch vehicles in China, according to the report. Click here to read... [8]

Beijing stock market publishes draft rules for trading and membership management: Global Times
November 3 2021

The Beijing Stock Exchange published on Tuesday the draft rules for trading and management of its membership. This is one step closer to the opening of the third stock exchange in the A-share market just over two months after it was announced. The draft rules that add to the 31 specific rules that provide guidance for IPOs, fundraising and mergers and acquisitions, company regulations, securities trading, and membership management, among others will be effective on November 15, the Beijing stock said in a late-night statement on its website. Click here to read... [9]

China considers new mix of tax, fee reductions for small, micro-sized businesses: Global Times
November 3 2021

China is mulling a new mix of tax and fee reductions to address hardships confronting small and micro-sized businesses and self-employed people, Premier Li Keqiang said during an inspection tour to the country’s top market regulator, the Securities Times reported Tuesday. Click here to read... [10]

Chinese firm to build Tiansuan satellite constellation to support 6G development: Global Times
November 2 2021

Chinese private satellite company Spacety and Beijing University of Posts and Telecommunications (BUPT) have inked a deal to jointly launch a series of satellites to build an open-source platform that could support the development of 6G network, satellite internet and other technologies. The project, the Tiansuan Constellation, is a satellite constellation targeting computing software and algorithms. Combining computing software - the core network systems of 5G and 6G, as well as artificial intelligence (AI) - with satellites has become a popular scientific research topic, Fu Yunhao, an employee from Spacety told the Global Times on Tuesday. Click here to read... [11]

Shenzhen relaxes rules for developers buying land, backing away from the cap that sent real estate auctions into a tailspin: South China Morning Post
November 3 2021

Shenzhen has relaxed the conditions for taking part in land sales, one of the first among China’s local authorities to backtrack from the draconian measures that have sent the entire country’s real estate industry into a tailspin. According to the new rules laid out by the Planning and Natural Resources Bureau of China’s technology metropolis, more than one developer will be allowed to bid for land at the same price, where the competition will be based on how many homes they can build under the “affordable” price category. The bureau put 11 plots on the market last week, the third land sale this year. Click here to read... [12]

China to strengthen personal data protection in fintech sector: Reuters
November 3 2021

China will strengthen personal protections in the financial technology sector to curb unauthorised data collection and abuses, the country's central bank chief said on Wednesday. Beijing will improve the legal frameworks in the sector and countries should jointly set standards for personal data protection, People's Bank of China Governor Yi Gang said via video at the Hong Kong Fintech week. Click here to read... [13]

China's COVID-19 cases spike ahead of Communist Party conclave: Reuters
November 3 2021

China's new locally transmitted COVID-19 cases spiked to a near three-month high and tighter curbs to contain the spread are expected in the capital Beijing ahead of a key gathering of the highest-ranking members of the Communist Party next week.The National Health Commission confirmed on Wednesday 93 new local symptomatic cases for Nov. 2, up from 54 a day earlier and the highest daily count since Aug. 9 at the peak of China's last major outbreak. Click here to read... [14]