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BEIJING, Feb. 6 -- The Chinese government is looking at ways to protect consumer rights and develop common standards in the burgeoning pre-paid card industry.The popularity of the cards has flourished in recent years in major cities such as Shanghai and Beijing. In 2007, just four companies in Beijing issued them. Now more than 300 have been registered in the city with the People's Bank of China (PBOC).Complaints have also risen. In Shanghai, where the cards are used most, 4,800 people complained between January and November last year compared with 4,049 during the whole of 2008.Most complaints were about the cards' expiry, as money left on them is kept by some companies."I feel my money on the pre-paid card is very risky since I have to pay close attention to when it expires and try to spend all of it before that date or I will lose it. It's unfair to limit the time available to spend my own money," said Liu Xiaodan, a 26-year-old salesman.It's estimated that the total volume of money left on pre-paid cards after they expire is more than 100 million yuan in Shanghai. The figure for Beijing is not available.The PBOC will launch a series of supervisory regulations this year to oversee the operation of pre-paid card companies, said Zhang Wei, a financial industry analyst. "One of the most important aspects is the management of any money left on the card after it expires. Any investment of money on the cards either before or after they expire must be at zero risk."Fang Xinghai, the head of Shanghai Finance Office, said his organization worked closely with the PBOC to keep an eye on pre-paid card companies."We suggest that special accounts should be opened with the bank where the money on the cards is held to ensure it is safe," he said."If that happens, even if the company goes bust, the money will still be fixed in the account and the cardholders' rights will be protected."Warnings about the risks involved in using pre-paid cards are displayed on the Beijing Administration for Industry and Commerce's website. Complaints about the cards tend to reach their peak during the Spring Festival, when many people buy them as gifts for friends and relatives.The first pre-paid card arrived in Beijing in 2002. Customers can deposit between 100 and 200,000 yuan on them for use at participating shops, restaurants and gyms.Some companies issue them to their employees as an extra benefit.Their popularity took off because they save the inconvenience of carrying money around and enable people to control spending, especially useful if they are given to children or housekeepers.However, the companies behind them are currently regarded as unspecified financial institutions by the PBOC and, as such, are not strictly regulated. That means people have few rights if the company goes bankrupt. They will no longer be able to use the cards, no matter how much money is on them, and will have difficulty reclaiming their cash.Cheng Xi, a 28-year-old engineer, said: "I received the pre-paid card as a gift but I would not buy one myself because I'm not familiar with the pre-paid card company and, if it goes bankrupt, my money would disappear."No matter how distinguished and reputable the company behind a card is, its most important challenge is to win clients' trust."Having a standard trademark like China UnionPay, which has a good reputation for reliability, is necessary for a company to distinguish it from those with a bad reputation. The company that wins the trust of most clients will be the biggest winner," said Clark Lin, a financial analyst at Thomson Reuters.Fu Dingsheng, a civil and business law expert at East China University of Political Science and Law, said: "Part of the pre-paid card company's capital should be classified as a guarantee deposit when the issuers register their companies. In that way consumers' rights can be met to some extent when a dispute occurs."Even though the prepaid card sector is an emerging industry with little or no supervision, the government is speeding up its oversight of the sector."PBOC is playing a leading role in the supervision of the industry. We regard this as an important task to complete in order to protect consumers' rights to the greatest extent," said Fang from Shanghai Finance Office.

BEIJING, Feb. 3 (Xinhua) -- Chinese Premier Wen Jiabao pledged Wednesday to continue China's support to Jamaica's economic development, saying the two sides should expand cooperation in infrastructure construction, mining and tourism.Wen made the remarks when meeting with his Jamaican counterpart Bruce Golding. Chinese Premier Wen Jiabao (R) shakes hands with Jamaican Prime Minister Bruce Golding at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010. "As the international financial crisis has posed severe impact on China and the Caribbean states, we should help each other, enhance cooperation, and jointly cope with challenges so as to consistently boost our friendly ties," Wen said.China's trade with Jamaica slipped by some 30 percent to 219 million U.S. dollars last year. However, China's imports from Jamaica nearly tripled year on year, according to Chinese custom figures. Chinese Premier Wen Jiabao (front R) holds a welcoming ceremony for visiting Jamaican Prime Minister Bruce Golding (front L) at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010.He called on the two sides to bolster cooperation in infrastructure construction, mining industry and tourism, and said China is ready to support more cultural, educational and sports exchanges with Jamaica."Jamaica is one of the first countries in the Caribbean region to establish diplomatic relations with the People's Republic of China, it always adheres to the one-China policy, and the two peoples have friendly feelings toward each other," Wen told Golding, who is on his first official visit to China. Chinese Premier Wen Jiabao(3rd L) talks with Jamaican Prime Minister Bruce Golding(3rd R) at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010Wen pledged to boost exchanges with Jamaica at various levels, enhance coordination on international affairs and jointly safeguard the interests of developing countries.On climate change, Wen vowed to strengthen contact with small-island countries in urging developed countries to carry out their obligations of providing fund, technology and support for capability building of developing countries."We comprehend and sympathize with the difficult situation small-island countries, including Jamaica, are in...and will jointly push forward international cooperation (in that aspect)," he said. Chinese Premier Wen Jiabao (5th R, standing) and Jamaican Prime Minister Bruce Golding (5th L, Standing) attend the signing ceremony of a series of cooperative documents after their meeting at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010.Golding hailed Jamaica-China exchanges and cooperation in politics, economy and humanitarian fields.He pledged to stick to the one-China policy and voiced hope to expand trade and economic ties, as well as consultation on international affairs, with China.China's prompt humanitarian aid to Haiti after the devastating earthquake last month indicated the friendship between Chinese and Caribbean people, he said.Golding appreciated China's responsible attitude in tackling climate change and pledged to further cooperation with China.Golding arrived in Beijing Monday. During his five-day trip, Golding is also expected to meet with Chinese President Hu Jintao and Vice President Xi Jinping.

NICOSIA, Jan. 30 (Xinhua) -- Chinese Foreign Minister Yang Jiechi expressed his solemn position on the U.S. arms sales to Taiwan here Saturday, urging the U.S. to stop selling weapons to the Chinese province.Yang, who is paying an official visit to Cyprus, said in disregard of strong opposition and repeated protest from China, the U.S. administration flagrantly announced its plan to sell the weapons to Taiwan worth about 6.4 billion dollars.Such a move is gravely against the three joint communiques between China and the United States, especially the "Aug. 17" communique, Yang said, adding that it constitutes crude interference in China's internal affairs, and harms China's national security and peaceful reunification efforts.China firmly opposes such a move which runs counter to the U.S. commitment to support the peaceful growth of the cross-Strait relations, he said.The Chinese foreign minister urged the U.S. side to adopt a serious attitude towards the Chinese position, earnestly respect China's core interests and major concerns, revoke immediately the erroneous decision on the arms sales to Taiwan and stop selling weapons so as not to undermine the China-U.S. relations.Yang Jiechi said China has repeatedly stated its position on the U.S. arms sales to Taiwan. During a recent meeting in London between the foreign ministers of the two countries, the Chinese side again made clear its solemn stand on the issue, urging the U.S. side to fully recognize the gravity of the issue and stop selling weapons to Taiwan, he added.The Obama administration Friday notified the U.S. Congress of the plan to sell the weapons to Taiwan. The arms sales would include 114 Patriot (PAC-3) anti-missile systems, 60 UH-60M Black Hawk helicopters, 12 Harpoon Block II Telemetry missiles, 2 Osprey Class mine hunting ships and a command and control enhancement system, according to a Pentagon website.

HONG KONG, March 20 (Xinhua) -- Hong Kong signed an agreement with Brunei for the avoidance of double taxation and the prevention of fiscal evasion with respect to income taxes, the HK Special Administrative Region government said on Saturday.According to an official news release, Financial Secretary John Tsang signed the deal with Brunei Second Minister of Finance Abdul Rahman Ibrahim on Saturday during his visit to the southeast Asian country.This was the sixth comprehensive agreement for the avoidance of double taxation concluded by Hong Kong.It will eliminate double taxation instances encountered by Hong Kong and Bruneian investors, and bring about tax savings and certainty in tax liabilities in connection with cross-border economic activities.It is also believed to help foster closer economic and trade links between the two places, and provide added incentives for Brunei's enterprises to do business or invest in Hong Kong.Profits of Hong Kong trading companies doing business through a permanent establishment in Brunei may be taxed in both places if the income is Hong Kong sourced. Under the agreement, double taxation is avoided in that any Brunei tax paid by the companies can be deducted from the tax payable in Hong Kong.

BEIJING, Feb. 27 (Xinhua) -- Chinese Premier Wen Jiabao is scheduled to chat with Internet users at 3 p.m. (Beijing Time) Saturday at two state news portals.The two major portals, www.gov.cn, of the central government, and www.xinhuanet.com, of the Xinhua News Agency, will jointly interview Premier Wen, a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee.Netizens in China and abroad are invited to raise questions to Wen via the Development Forum (http://forum.xinhuanet.com), and the premier is expected to answer some of these questions.The on-line chat will be shown live in texts, pictures and videos at the two portals.