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BEIJING, May 28 (Xinhua) -- The issue of third-party online payment permits in China this week will boost the sector's development through giving it a legal status, analysts said.The People's Bank of China (PBOC), or the central bank, on Thursday announced its first batch of electronic payment licenses to 27 qualified third-party online payment platforms, including Alipay, Tenpay and 99bill.It also stipulated that all the third-party payment businesses should obtain licenses before September, or cease doing business.The move has long been awaited after the central bank said in June last year that non-financial institution payment service would be regulated, and that all businesses involved in the service must get licenses before Sept. 1, 2011.The license covers payment transactions such as Internet payment, mobile phone payment, bank card acquiring service, issuance and accept of prepaid cards and currency exchange.The move provides a legal status for the third-party payment sector so that it can develop in a more standard and healthy way, said Zhang Meng, an analyst with Analysys International, an Internet market information provider.Third-party payment enterprises refer to those non-financial operators who work as the third party between buyers and sellers to provide payment settlement through Internet, telephones or mobile phones.China has the world's highest number of Internet users, with about 457 million netizens, among whom 148 million were active online shoppers as of the end of last year.China's online payment topped 1.09 trillion yuan (167.29 billion U.S. dollars) last year. The figure was 397.3 billion yuan in the first quarter this year, almost doubled year-on-year.99bill CEO Guan Guoguang called the issue of the third-party payment licenses "a milestone" for China's e-payment sector.Requiring that enterprises must be licensed to operate e-payment businesses will help standardize the sector, improve services and boost integration of e-payment and e-commerce, said Guan.The first group of e-payment license holders include Alipay.com Co. Ltd, a unit of Alibaba Group Holding which owns the country's largest e-commerce website Alibaba.com Co. Ltd.; China UMS, a unit of China UnionPay Co. Ltd; Tenpay.com, an e-payment platform developed by Chinese Internet giant Tencent Holdings and Shengfutong, launched by Shanda Interactive Entertainment.Five applicants, however, failed to get licenses.Businesses with licenses will attract more investment and high-end personnel, says iResearch analyst Cheng Shanbao.For those without a license, they will be merged or have to pull out of the sector, according to Yeepay CEO Tang Bin.The central bank selected enterprises that have good management and risk control systems, as well as profit prospects, Zhang Meng said.Mergers are inevitable as the cut-off date of Sept. 1 is approaching, he added.The third-party payment enterprises mainly profit from 1 to 4 percent fees, but analysts believe profits from the fees might be reduced due to fierce competition.
BEIJING, Jan. 30 (Xinhua) -- As of Jan. 28, 77.4 million mu (5.16 million acres) of crops had been harmed by the ongoing drought, and 2.57 million people were faced with drinking water shortages in China, the national drought control authorities said Sunday.Local governments of the affected regions must make efforts to monitor drought conditions, speed up the building of water projects, increase drought-fighting material reserves and grant subsidies to the drought-stricken population, said officials at a meeting attended by Chen Lei, deputy head of the Office of State Flood Control and Drought Relief Headquarters (SFDH).The National Meteorological Center (NMC) forecast the drought to worsen in the next two months, saying Sunday that the drought-hit north China and regions along the Yellow and Huaihe rivers would receive little rain or snow in February and March.Chen, also minister of water resources, stressed the importance of drought relief efforts, guaranteeing agricultural production and ensuring drinking water safety for boosting consumers' confidence, controlling consumer prices and inflation and maintaining economic growth.Since last Autumn when the drought began, local authorities have assigned 9.55 million people and 2.15 million sets of drought-fighting machineries to draw 8.2 billion cubic meters of water to irrigate 110 million mu of crop land.
CANBERRA, April 14 (Xinhua) -- The Australian federal government could struggle to get its carbon tax through parliament, as key independent Member of Parliament (MP) Tony Windsor on Thursday warned the plan may never become a reality.Windsor, who is one of the independents Prime Minister Julia Gillard will rely on to get her carbon tax pass the Parliament, said while climate action will benefit the bush, he will not "vote for something that does nothing"."There is no carbon tax, there may not be a carbon tax," he told ABC News on Thursday morning."The prime minister doesn't have the numbers, as I understand it at the moment."I have a vote, others do as well, so you can never guarantee something before it gets through a minority parliament."Windsor said people in his rural New South Wales electorate were concerned about the lack of detail around the proposed carbon tax.Gillard played down his comments, saying that Windsor, who sits on the multi-party climate change committee, had been "perfectly consistent" in his approach to the carbon price debate."He does believe climate change is real ... that pricing carbon is the best way, an important way, of tackling climate change," Gillard told ABC Radio on Thursday."(But) he's going to look at the (legislative) package and wait to the end and then judge (it)."Gillard added that the Labor government remains determined to introduce a carbon tax from mid-2012 followed by an emissions trading scheme.
SYDNEY, March 30 (Xinhua) -- Work is good for health while long term work absence, work disability and unemployment can make us miserable, according to a consensus statement from the Australian and New Zealand doctors on Wednesday.The Australian and New Zealand Consensus Statement on the Health Benefits of Work was launched by the Royal Australasian College of Physicians (RACP) and the Australasian Faculty of Occupational and Environmental Medicine (AFOEM) in Wellington.In the statement, doctors say that work is generally good for health and long term break form work along with unemployment and being unable to work due to disability generally have a negative impact on wellbeing.Work is also an effective means of reducing social exclusion, particularly for indigenous people and other disadvantaged groups, the statement says."Work practices, workplace culture, work-life balance, injury management programs and relationships within workplaces are key determinants, not only of whether people feel valued and supported in their work roles, but also of individual health, wellbeing and productivity," it said."Good outcomes are more likely when individuals understand the health benefits of work, and are empowered to take responsibility for their own situation." the statement said.