Internet user growth
(China Daily)
Updated: 2006-07-24 10:14
Energy security
President Hu Jintao last week called for international
dialogue and co-operation between energy exporters and consumers to ensure
global energy security.
To do this, the international community should
work together to maintain a sound political climate favourable for safeguarding
the stability of energy-producing countries and regions, the Middle East in
particular, Hu urged at the outreach session of the Group of Eight (G8) Summit
in Saint Petersburg.
"To ensure global energy security," Hu says, "we
need to develop and implement a new energy security concept that calls for
mutually beneficial co-operation, diversified forms of development and common
energy security."
Scaling down
The government plans to cut the
number of securities brokers by half by the end of the year.
As the
number of brokers is reduced, a dozen powerful players will be assisted in
consolidating their strength in the opening sector.
"Only around 50
qualified brokers will survive in the market, the others will have to quit
trading or be purchased," says He Jiawu, a director of the Securities
Association of China (SAC).
Currently the China Securities Regulatory
Commission (CSRC) and the SAC have qualified 32 brokers, meaning around 90 firms
are left competing for the last 18 available qualifications.
Brokers
without qualifications will be banned from the securities trade after 2006,
according to He.
(For more biz stories, please visit Industry Updates)
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