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Commission issued the "Administrative Measures for Pilot Preferred Stock" (the "Measures") to the public for comments. "Rules", non-public listed companies to issue preference shares only to qualified investors of the provisions of the issue, and each object may not be issued more than two hundred people,nike air max 2014 uk for the public offering of preferred stock investment conditions not specifically individual investors.Commission said yesterday that the public offering of preferred shares, the current A-share market, any investor can invest directly in stock trading, there are no restrictions.For non-public issuance of preferred stock, "approach" provides a range of qualified investors, allowing investors to have a certain ability to identify risk and affordability of non-public offering to subscribe for preferred shares, and appropriate standards require investors aspects of the transfer of preference shares consistent with the issue of links. If listed companies, unlisted public companies to non-qualified investors in non-public issuance of preference shares, the Commission will be ordered to correct, and the acceptance of an application within 36 months.Range of qualified investors "Rules" includes corporate, partnership, QFII, RQFII, as well as banks, brokerages and other financial institutions, as well as wealth management, trusts, funds, and information management and other financial products. Qualified individual investors condition that the name of all kinds of


to promote orderly competition.Three "points" is further realized separating the regulatory functions focusing on normal operations management and business separate from the regulatory authorities, the marriage of new ways to separate the central enterprises and local governments.Four "turn" is re-strengthen competition in the market function, avoiding the administration of bureaucratic tendency to guide business management, investment decisions, personnel and other rules of the market use. First shift control structure. From how to run a "state-owned enterprises,nike air max 2013 uk" looking into the capitalization of state-owned assets management can contribute to the development of productivity, specific strategies are "decision" made "in order to strengthen the regulatory capital-based state-owned assets supervision." Second, changes in the personnel system. To at the insistence of "managing cadres," the premise, and vigorously promote the professional manager system, promote market access standards, market-based selection methods. Third, changes in the structure of the internal allocation of resources. To shorten the management chain, enterprise management should be kept within three.Five "pay", or "decision" made to improve public finances turned over to the state capital gains proportion, mentionChina Radio and Television Association television literary work will be the 15th Commission issued a statement strongly condemning the insult comedian Guo Degang write limericks ]]> https://ameblo.jp/qiqifbdfg/entry-11730209261.html Mon, 16 Dec 2013 10:53:16 +0900 nike free run 3 uk consistent with the objective laws guiding ideology, these ideas contain decades of development experience and lessons learned, is different from the previous one, and sustainable development model.In fact, the central work conference urbanization has always stressed that "the people" thinking, including proposed should focus on improving the quality of urban development, household population steadily increased the level of urbanization; greatly improve the efficiency of urban land use, population density in urban built-up areas; effectively improve energy efficiency, attaches great importance to ecological security, continuous improvement of environmental quality, improve the level of historical heritage and other "modern" governance ideas."People's Daily" commented that only the quality of development in a prominent position, a good grasp of people-oriented, optimize the layout, ecological civilization, heritage basic principles and culture, handle the relationship between markets and government, central and local governments in order to promote people-


mechanism. At the local level, primarily to improve the cadre evaluation system, evaluation system to strengthen the guiding role in the fulfillment of basic, long-term task. To try to find a balance between central policy departments ability to execute rational spirit and local executive authorities to the central authority over passion and rationality constraint place to place to correct implementation experience bounded rationality central government departments.Mixed ownershipDaily: How can we build a better consistent with the special circumstances, but also with mixed ownership structure of the market rules Pu Yufei: Create a mixednike free run 2 mens ownership structure, the core is to establish the pattern of state-owned economy and the dance of the private economy. State-owned economy and private economy is China's two economic arena Tai Zhuzi, canoe difficult to support, no one-man show cheers. To get rid of "the country back" or "Guotuiminjin" dilemma of public opinion, according to the economic development of the state of normality and economic crisis, the flexibility to adjust each setting their place, do their best, their place.To this end, state-owned enterprises to dilute the "eldest son" complex, softening the rigid access system of monopoly industries, to further address witch hunt, management and administration



of state-owned enterprises, such as the role of mismatch, while to clean up policies and regulations impede fair competition hardening legal support for the private economy, policy support. The key here is to solve the problem of state-owned enterprises positioning. It can be said clearly positioning state-owned enterprises, the development direction of development, the development of private enterprise on the corresponding stage are clear.Specifically, to solve the problem of state-owned enterprises should highlight the following five words:A "retreat", there are two dimensions to exit, the first "retreat" is a macro, the overall point of nike roshe run saleview, is the state-owned economy to implement the strategic withdrawal of state capital investment operations to serve the national strategic goals, more countries to invest in the relationship important industry safety, and key areas of national economy. The second "retreat" is a state-owned enterprise to exit the individual, that is relative to the previous expansion, to be thin to moderate contraction and scope of distribution areas, such as an exit from the real estate industry, or exit from the field of unrelated diversification.Two "demolition" is to change too much emphasis on a single industry concentration in particular the concept of corporate industrial concentration, drawing on the experience of the year 2000 reform of monopoly industries, a number of large state-owned enterprises be split horizontally or vertically ]]> https://ameblo.jp/qiqifbdfg/entry-11730206455.html Mon, 16 Dec 2013 10:46:23 +0900 nike tr fit 3 cheap generated; reasonable decentralization create growth, to create a stable and effective checks and balances; reasonable and effective checks and balances to generate prosperity. No decentralization will inhibit growth; decentralization without checks and balances will have the disorder. Therefore, to explore the establishment of mechanisms for the separation of powers, so that under pressure can be self-correcting, self-improvement, which is to enhance the institutional basis and prerequisite for flexibility, but also the focal point of economic reform.Straighten out the relationship between the three main aspects of reform should be five.One is to maintain a strong political constraints. Strong political constraints is to always maintain a central political authority. If you lose this constraint, decentralization will only way to shock or big bang manner, then the effect of the separation of powers is not controlled, could lead to democracy and prosperity, but also may lead to splitting and dividing the spoils. And keep this constraint, "hardness", also need to have some


flexibility politics itself: Only a keen perception can adapt to guide economic and social development, political constraints and decentralization will bring performance and is compatible with a positive correlation. If the "hardness" is not enough political constraints, it will be difficult for decentralization nike air max 97 ukcounterbalance; Conversely, if the "hardness" is too high, it may become extremely fragile because of the rigid, even vulnerable, lost checks and balances on decentralization. The second is the implementation of progressive reform. Radical and progressive, not completely opposites, just as some scholars have said, the transition is a long process, so-called radical reform eventually evolved into a protracted reform, the so-called progressive reform also contains Some partial and radical measures. However, given the complexity of our decentralized structure, the overall gradual reform should adhere to. Decentralization fast, effective checks and balances is difficult to follow up, actually may exacerbate the disorder and the mismatch of resources and other issues. Only an orderly way, in order to balance the side edge of decentralization, decentralization of vested interest, but also to avoid the disadvantages of decentralization.Third, decentralization and the rule of law, market-oriented to proceed. If decentralization is strategic, expedient, checks and balances are also strategic, expedient, so hard to clear the boundary of


decentralization, it is difficult to balance the effect of stability. From the experience of mature market economies of view, only the timely design of the separation of powers and the rule of law combine to form a relatively stable decentralized structure, checks and balances in order to play a role in the legal framework. Meanwhile, the market mechanism is considered to have anike air max 97 sale "super-correcting" mechanism and balance, decentralization only sync with the market, in order to maximize the effect of correcting various imbalances in the market.Fourth, decentralization and expanding opening up synchronization. Open is the biggest reforms. In an open pattern, in the face of competition, decentralized structure of the external system for each level, each class body will often feel the pressure of international rules, which will continue to exercise the powers of the correction in the course of their ideas and behavior, This means that some external checks and balances to some extent.Fifth, decentralization and reform of the cadre and personnel system synchronization. At the central level, the key is to establish and strengthen strategic, neutrality, independence of the department, a more professional, more stable, more open, more rational cadres efforts to protect the interests of its direct exposure to the outside of the pattern of the game reduce the impact of personnel changes its produce, thus reducing the formation of opportunistic motives on the ]]> https://ameblo.jp/qiqifbdfg/entry-11730202942.html Mon, 16 Dec 2013 10:39:20 +0900 nike tr fit 3 ukexpansion. "Decision" Eighteen considered by the Third Plenary Session of certain decisions made by the market excited. However, how to deepen the reforms still need to promote and implement long-term observation and exploration. Recently, the "First Financial Daily" In this comprehensive interview with the director of the State Information Center Pu Yufei.Pu Yufei believe that in order to further deepen the reform, the separation of powers by establishing a mechanism to rationalize the relationship between central and local government and the market, the state and society; according to the economic development of the state of normality and economic crisis, and improve the dynamic mixed ownership structure; in fulfilling function on the basis of a good bottom line, explore complex mechanism



for promoting urbanization; wealth creation and income distribution combine to establish the distribution of income sharing-type structure.Why "had to change"First Financial Daily: Why China has had time to reform Pu Yufei: I'm in the "development pressure and system flexibility - to promote the reform of the mechanism," a book, the main economic slowdown combined with the pressure we are facing pressures environmental degradation, social contradictions accumulate pressure, it "had to change" speak four aspects of reasons:First, the pressure and difficulties previously encountered can sidestep, today was no way around, only a comprehensive reform, fight positional warfare, battle, such as tax reform, financial reform, nike roshe run mensincome distribution system problems.The second is getting smaller and smaller space redemption pressure. Previously through the "redemption" to resolve a variety of development pressures and challenges. From the current point of view, the economy is in a down cycle, revenue growth is slow, a problem-based way of redemption, but also as part of the redemption effectiveness appetite hanging high and significant decline, a rise and fall has been very limited space makes redemption .Third, the pressure transfer space is quite limited. Now, in terms of resources and environment, before moving to today's pressure has accumulated to a considerable size, the pressure may have been much further transfer. In economic terms, the problem of overcapacity intensified, from one side of trade protectionism under the background of economic pressure outward shift will not be easy.Fourth, more and more powerful way to


control the conflict. In economic terms, the habit of controlling prices, resources, the effectiveness of the project decay, but accumulated more and more problems. Such as government departments or intervention price suppression, resulting in the entire market is distorted, the more the higher transfer rates, more pipe production capacity more as a signal to guide the market price of supply and demand can not play a role.In the social sphere, in the role of a variety of modern media, the government's credibility has dropped, "the government to do something to do bad things are bad, bad things are good words to say bad things" and "Tacitus trap" began to appear, simple administrative control has been difficult to achieve substantivenike free run 2 sale results.Rationalize the relationship between the threeDaily: currently discussed many issues focused on several "relationship", such as the relationship between the government and the market, such as the relationship between central and local governments. In a healthy economy, these relationships should be like Pu Yufei: the relationship between government and markets, government and society, central and local governments, the Third Plenum of the three basic relations "decision" to efforts to solve. Relationship ring true, the government will be vacant, offside and dislocation problems, the system will be flexible, rigid, mismatches, missing links. Relations in order, the government will exact homing, the market can really play a ]]> https://ameblo.jp/qiqifbdfg/entry-11730201967.html Mon, 16 Dec 2013 10:37:14 +0900 nike free run 3 womens of the main issue, the issue of the size and distribution procedures were limited. Central Economic Work Conference held on the 10th - 13th, in which a combination of 12 to 13, 2011 "set on" Urbanization central work conference in 2014 that "Reform" development blueprint has been published, the overall tone becomes Wenzhongqiujin .Among them, the central economic work conference, economic work next year, the core is to adhere to seek progress and innovation. Urbanization is the central work conference proposed that urbanization as a flow, a natural process of development, not anxious, Destructive Enthusiasm.A scholar Macroeconomic Research Institute of NDRC believes that the two sets of open meeting reflects the short-term and long-term central idea of ​​some of the work. Central Economic Work Conference lists 2014 worksheet, while the central town of meeting the deployment of the new urbanization of the work, to show the future development of methods and goals.Respect for the market to prevent recklessFrom official reports, both the central economic work


conference or the central work conference urbanization are consistent continuation of the previous ideas and senior Politburo meeting speech.Aforementioned scholars yesterday on the "First Financial Daily" said that even if the idea has been previously disclosed, the two conferences is still very exciting, one of the highlights of which lies in many respects reflects the objective laws of the spirit.On the growth target of public attention, this central economic work conference stressed the need to seize the opportunity to maintain a reasonable growth of gross domestic product, promote economic structural adjustment efforts to achieve economic nike air max 2013 cheapdevelopment and improved quality and efficiency will not bring sequelae speed.Indeed, fade GDP this idea in a recent high-level position appears more than once. State President Xi Jinping in November of this year went to Hunan inspection tour, says that is no longer simply to GDP growth Heroes, but stressed that in order to improve the quality and efficiency of economic growth as a foothold.These scholars said that as China's economy has entered a new phase, dilute the color line with the objective laws of GDP; Moreover, this idea of ​​changing the entire country will get rid of the "digital" shackles, to better promote structural adjustment and economic restructuring. "This is a significant change on a fundamental concept in China continued rapid growth over the next years of background, to change this concept is not easy."At the


deployment.Above the national development and reform work conference, efforts to maintain a steady growth of investment, the investment structure adjustment budget, drastically reduced for general competitive enterprise project investment, the appropriate use of social capital can reduce operating infrastructure investment, stop building floor Hall Museum The investments, nike air max 2014 cheapcompress small decentralized investment, focusing on overall, basic, major strategic projects, concentrating power.15th meeting also stressed reasonably determine investment invest primarily major shantytowns and affordable housing supporting infrastructure, high-standard farmland and rural livelihood construction, water conservancy, central and western railways and other infrastructure, significant energy saving and environmental governance engineering, development and application of key technologies and the transformation and upgrading of major innovation projects, education, health care, social pension, food and drug safety and other social services and social management, ethnic minorities, border areas and other areas.People-oriented urbanizationIn the overall reform of China's contemporary, the new urbanization not only bear the historical responsibility to modernize, it is becoming the main positions of reform and innovation. The central work conference urbanization also reflects the respect the objective laws, "stability" putting the word spirit, should set the tone for the development of ]]> https://ameblo.jp/qiqifbdfg/entry-11730201073.html Mon, 16 Dec 2013 10:34:38 +0900