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BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.

GUANGZHOU, Nov. 4 (Xinhua) -- China's first inter-city subway, linking two southern China cities hosting the 2010 Asian Games, started operations Wednesday.The 21-kilometer Guangfo Line connects Guangzhou City with Foshan City, both in the manufacturing hub of the Pearl River Delta region in Guangdong Province.Riders on the subway will find that the travel time between the two cities has been reduced from 90 minutes to 30 minutes, said sources with the subway company Guangzhou Metro.The line has 14 stations and a ride from end to end costs only six yuan (less than one U.S. dollar).Local authorities have been pushing for the increased integration of cities in the Pearl River Delta and consider the operation of the Guangfo Line a big step in that direction.The subway was purposely opened one week prior to the start of the 2010 Asian Games. The competitions will be held in Guangzhou, Foshan, Dongguan, and Shanwei.
BEIJING, Sept. 3 (Xinhua) -- More than 300 Chinese and Ukrainian officials, business executives and traders gathered at a trade forum Friday to seek bilateral business opportunities. "As China and Ukraine enjoy excellent prospects for economic and trade cooperation, both countries should make joint efforts to usher in a new era," Chinese Vice Premier Zhang Dejiang said at the opening of the forum.Ukrainian President Viktor Yanukovich, in Beijing on his first ever visit to China, addressed the forum, saying the new Ukrainian administration gives priority to developing ties with China. Chinese Vice Premier Zhang Dejiang (L) addresses the China-Ukraine economic and trade cooperation forum in Beijing, capital of China, Sept. 3, 2010.China-Ukraine trade topped 3.3 billion U.S. dollars in the first half of the year, up 31.3 percent year on year, according to the Chinese Ministry of Commerce.In their talks Thursday, Chinese President Hu Jintao and Yanukovich promised to increase two-way trade to 10 billion U.S. dollars by 2012.To expand bilateral business potential, Zhang proposed companies in the two countries play a bigger role while both governments increase exchange, explore ways to cooperate, take care of each other's concerns, and seek mutually beneficial outcomes.Yanukovich, the first Ukrainian President to visit China since 2002, echoed Zhang's proposal.He said his country would like to work more closely with China in trade, economics, agriculture, science, aviation, aerospace and investment.Zhang said the Chinese government welcomes Ukrainian businesses developing and marketing products tailored to the Chinese market.
BEIJING, Aug. 31(Xinhua) -- China has cracked 278,000 criminal cases and broken up nearly 1,650 mafia-style gangs since it launched a campaign to maintain public security in rural-urban fringe zones and on campuses in January.About 256,000 suspects had been arrested as of Tuesday, according to a national working group on maintaining public security composed of officials from government agencies, including the Central Commission for Political and Legal Affairs of the Communist Party of China (CPC) and the Ministry of Public Security.Investigating and rectifying public security threats remains an arduous task, said Wang Lequan, deputy secretary of the Commission.The government will maintain its "strike hard" policy against mafia-style gangs, crimes involving guns and explosives, gambling, prostitution and drugs, Wang said. Authorities have "zero-tolerance" for such crimes, he added.
来源:资阳报