在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>China
       
 

State banks urged to reform with gov't input
By Liu Weiling and Xu Binglan (China Daily)
Updated: 2005-03-10 01:49

Finance Minister Jin Renqing yesterday urged China's State banks to launch realistic and effective reforms to ensure the government's huge input is worthwhile.

Speaking during a press conference hosted by the NPC, Jin said his ministry would foot the reform bill.

Jin Renqing (left), minister of finance, and Xie Xuren, director of the State Administration of Taxation, at the press conference hosted by NPC. [China Daily/Yang shizhong]
"We have to pay a price to support the banks' joint-stock restructuring," he said.

"But we hope we can buy a new mechanism with the money," he added.

The ministry issued 270 billion yuan (US$32.5 billion) in special bonds in 1998 to replenish the four banks.

In 1999, the banks were allowed to transfer 1.4 trillion yuan (US$168 billion) in dud loans to asset management companies, which specialize in handling bad debts.

"I guess the losses will be eventually covered by the Ministry of Finance," Jin said.

The ministry allows banks to use part of their interests to write off the bad loans, Jin said.

The ministry also offers preferen-tial tax policies on the banks' non-performing loans. "The choice in supporting the banks' reforms will depend on our fiscal conditions in the future," he said.

He stressed the country's economic power is strong enough to back the banks' reforms.

Meanwhile, the country's taxation chief gave his forecast for the much-anticipated revision on Personal Income Tax Law and unification of income tax for domestic and foreign-funded firms.

Xie Xuren, director of the State Administration of Taxation (SAT), said the Ministry of Finance and SAT have already worked out an initial plan to revise relevant chapters in the Personal Income Tax Law.

"The next step is to submit the plan to the State Council and then to the National People's Congress for approval," he said.

He was speaking amid mounting calls to raise the 800 yuan (US$96) threshold for personal income tax payments, and wide-spread expectation on substantial steps this year.

On the unification of enterprise income tax, Xie said "research will be proceeded further this year."

Foreign-funded enterprises now pay 15 per cent income tax while companies funded by domestic investors are charged a 33 per cent income tax rate.

However, a legislator at the NPC Financial and Economic Committee revealed China might levy unified income tax for domestic and overseas-funded firms in 2008.

"This was in my most optimistic forecast," Cheng Faguang, former deputy director of the SAT, was quoted by Xinhua as saying.

Jin said the government needs to introduce the long-anticipated but contentious fuel tax at the right time.

The tax was originally planned to be introduced in 1999 but postponed time and again due to conflicting opinions from different departments.

Difficulties include re-employment of the toll fee collectors that would be laid off because of the transition from fee to tax, and the extra burden the tax could impose on cabs and buses.

"We need to find more co-ordination to solve such problems," said Jin, adding the current soaring oil price is also a problem.

"We worry that if we begin to have the levy now, it will create an extra burden for enterprises," Jin said.

"We are firm on introducing the fuel tax. But we need to have good timing."



 
  Today's Top News     Top China News
 

Peace paramount in anti-secession law

 

   
 

Australia grants visa to 104-year-old Chinese

 

   
 

Russia: Chechen leader Maskhadov killed

 

   
 

Official accountability system to be stricter

 

   
 

Petition cases rise 23.6% last year in China

 

   
 

Special peninsula envoy heads for US

 

   
  Australia grants visa to 104-year-old Chinese
   
  Medical service to be extended to farmers
   
  Debates to centre upon tax reforms
   
  Official accountability system to be stricter
   
  Getting street kids into care
   
  Rural environment needs protection
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Palestinians to control West Bank town
   
CMB to launch fund management JV
   
Listings of two big State banks imminent
   
Listings of two big State banks imminent
   
Top banker: State banks to go public soon
   
Top banker: State banks to go public soon
   
Violence stifles Abbas' attempts at order
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 久久精品小视频 | 亚洲国产精品视频 | 欧美 日韩 国产 成人 在线 | 亚洲免费视频观看 | 精品久久免费视频 | 国产一区二区中文字幕 | 一区二区日韩 | 黑人精品一区二区 | 欧美日韩综合在线 | 国产精品成人在线 | 久草青青草 | 午夜亚洲精品 | 亚洲精品视频一区 | 欧洲精品一区 | 四虎在线免费视频 | 三级视频在线 | aaaaaabbbbbb毛片 | 日本特黄一级片 | 久艹在线观看 | 欧美日本在线 | 亚洲一区在线视频 | 免费特级毛片 | 涩涩999 | 福利一区福利二区 | 中文字幕影院 | a在线视频| 黄色在线免费 | www.av在线| 99精品国产一区二区 | 免费特级毛片 | 久久久久久亚洲 | 亚洲精品一区二区三区在线 | 一级做a爱片性色毛片 | 成人在线一区二区 | 女人一级一片30分 | 一区二区视频网站 | 国产激情一区二区三区 | 午夜精品福利视频 | 国产伦精品一区二区三区视频我 | 欧美精品国产 | 日本成人黄色 |