久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  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: 亚洲一区天堂 | 中文字幕欧美亚洲 | 日韩a一级欧美一级 | 国产成人午夜性视频影院 | 自拍偷在线精品自拍偷无码专区 | 98国内自拍在线视频 | 久久久精品久久久久久久久久久 | 91精品国产免费久久久久久青草 | 国产在线观看免费视频软件 | 欧美三级做爰在线 | 一级做a爱片特黄在线观看免费看 | 九九热精品在线 | 理论片中文字幕 | 自拍第一页 | 久久久网站亚洲第一 | 国产系列 视频二区 | 四川一级片 | 香蕉视频黄在线观看 | 中国黄色一级毛片 | 高清国产一级精品毛片基地 | 日韩国产成人资源精品视频 | 欧洲性大片xxxxx久久久 | 国产成人精品永久免费视频 | 亚洲一区www | 99视频网| 一级欧美一级日韩片 | 一区二区三区成人 | 91免费版网站 | 国产免费久久精品99 | 性欧美在线 | 国产伦理自拍 | 天堂男人在线 | 中文字幕欧美在线观看 | 国内精品久久久久久野外 | 国产欧美日韩精品一区二区三区 | 免费国产成人高清视频网站 | 真人一级毛片免费完整视 | 波多野结衣一区在线 | 欧美在线一级毛片观看 | 国产成人精品视频播放 | 亚洲gogo人体大胆西西安徽 |