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Zhao Wei, a famous film star and billionaire, was fined 300,000 yuan and banned to access the Chinese stock markets for five years, China Securities Regulatory Commission announced on November 9. Zhao’s husband Huang Youlong received the same administrative penalty.
According to the regulator’s investigation, Zhao and Huang were involved in a number of violations that took place in a highly leveraged acquisition of the listed company Wanjia Culture in December 2016. The celebrity couple used a shell company to purchase Wanjia Culture which was worth 3.06 billion yuan. The couple’s speculative act and false information disclosure disturbed the market, resulting in fluctuations in Wanjia’s share price and serious losses for shareholders.
Born in Wuhu City of Anhui Province in 1976, Zhao gained fame as a TV drama actress. She married to Huang, a wealthy merchant in 2008. In recent years, Zhao was thrown into the media spotlight after earning several hundred million yuan through stock manipulations in China’s stock markets.
Opening Heritage Buildings to the Public
China Youth Daily November 9
Recently, the State Administration of Cultural Heritage (SACH) issued a guidance to open cultural heritage buildings to the public, encouraging local governments, cultural heritage departments and organizations using or managing such buildings to better bring these buildings’ cultural and social value into play, on the precondition of full protection. The SACH is clear that, no matter what their current conditions are, heritage buildings should be opened as much as possible.
The value of such buildings mainly lies in two aspects. First, they are of archaeological significance; second, they inherit and spread traditional culture and thus promote cultural transmission. If a heritage building is closed, only the first aspect is made use of.
In the past, due to insufficient preserving technologies and lack of funds, repairing work was seen as a major hassle, and thus opening the buildings to the public was difficult. Even famous heritage places like the Palace Museum in Beijing were plagued by such difficulties. Today, China has dramatically increased its input into cultural heritage protection, and archaeological protection technologies are improving. The time is ripe for heritage buildings to be opened up. Great achievements have already been made in the past years in opening up such buildings. Only open heritage buildings can fully display their social value, and to make them so is the best way for us to show our respect for such buildings. Foreign-Educated Chinese Return
Oriental Outlook November 16
Today, China is witnessing an unprecedented influx of graduates and talents who have studied or worked abroad in the nation’s history. In 2016 alone, a total of 432,500 foreign-educated Chinese returned from abroad, an increase of 58.48 percent from 2012.
The growing figure is an outcome of China’s rise in the world. As China achieves rapid progress in economy and society, especially in the field of science and technology, the country is like a magnet that strongly appeals to Chinese graduates, researchers and scientists abroad. For many overseas returnees who just graduated or started their career abroad for a number of years, their main reason to come back is that they don’t want to miss the golden opportunity of China’s development.
Since the 18th National Congress of the Communist Party of China in 2012, the Central Government has strengthened the efforts to attract intellectual resources, adopting a series of favorable policies for overseas returnees and offering more support for their scientific research or startup business.
Among all returnees, there is a remarkable growth of scientists who have made outstanding achievements abroad. They came back because they are able to participate in more and more significant scientific research projects in China, ranging from aerospace, quantum physics, supercomputing to new materials and life sciences, etc. They are more likely to make scientific breakthroughs here than by working abroad. Most importantly, they want to participate in realizing the dream of the Chinese nation’s rejuvenation and building a better future for the nation.
High Expectations on Internet Literature
Guangming Daily November 9
China Literature, the biggest net literature company in China and even in the world, went public on the Hongkong Stock Exchange on November 8. Thanks to the popularization of mobile Internet, net literature swiftly became a mainstream culture form and business model in China, and by June 2017, the number of net literature readers had reached 353 million, including 327 million readers on mobile phones, accounting for 45.1 percent of mobile Internet users.
High-quality literature works have been produced in net literature in the past decade. Today, net literature is also extending to movies, mobile games, cartoons, etc. Popular TV series like Empresses in the Palace and Nirvana in Fire are based on net literature. Through the Internet, China’s net literature is entering overseas markets, winning more and more foreign readers. Recent years have witnessed a wave of translation of Chinese net literature into foreign languages. There are already hundreds of overseas social media and websites that voluntarily translate and share such literature works, covering more than 20 countries and regions across the world.
When Chinese contemporary literature works based on the Internet are favored by the capital markets, it implies bright prospects for digital cultural industries. This rising sector is also expected to become a new economic growth engine.
CHINESE GOLF PLAYER ASCENDS TO TOP
Feng Shanshan, a Chinese golf player, won the final round of the 2017 Blue Bay LPGA(Ladies Professional Golf Association) tournament held in Lingshui, Hainan Province, on November 11. This was the ninth title that Feng has gained on the LPGA Tour. With this victory, Feng ascends to first place in the world ranking. Feng is the first Chinese golf player to achieve such an outstanding performance.
Feng was born in Guangzhou City, Guangdong Province, in 1989. She started receiving professional golf training at age 10. In 2004, Feng was recruited by China’s national golf team. Since then she has made remarkable achievements in golf. In 2007, Feng became the first player from the Chinese mainland to qualify for the LPGA Tour. Feng won her first professional championship on the Japan Tour 2011 and the first LPGA Championship title the next year. In the 2016 Rio Olympics, Feng won a bronze medal in women golf, which was also the first medal in golf for Team China.
“China conscientiously takes on its international obligations that match both its development stage and actual capacity, and implements the Paris Agreement with concrete action.”
Xie Zhenhua, China’s special representative on climate change affairs, speaking at a forum during the 23rd United Nations Conference on Climate Change in Bonn, Germany, on November 15
“There is an urgent need to build a regulatory system for policy lenders.”
Zhou Minyuan, Director of the Department of Policy Banks under China Banking Regulatory Commission, elaborating new rules for policy banks in Beijing on November 15
“Precision nutrition is a promising industry, but it is still in a nascent stage. We started an alliance to help companies create products that are backed by substantial scientific research.”
Chen Yan, Deputy Dean of the Shanghai Institute for Biological Sciences, speaking at an academic conference in Shanghai on November 7
“The stability of the new-generation clocks has been improved by 10 times, compared with those carried by previous BeiDou satellites.”
Qu Yongsheng, senior engineer from the China Aerospace Science and Technology Corporation, informing the media after two BeiDou-3 satellites were launched into orbit on November 5
According to the regulator’s investigation, Zhao and Huang were involved in a number of violations that took place in a highly leveraged acquisition of the listed company Wanjia Culture in December 2016. The celebrity couple used a shell company to purchase Wanjia Culture which was worth 3.06 billion yuan. The couple’s speculative act and false information disclosure disturbed the market, resulting in fluctuations in Wanjia’s share price and serious losses for shareholders.
Born in Wuhu City of Anhui Province in 1976, Zhao gained fame as a TV drama actress. She married to Huang, a wealthy merchant in 2008. In recent years, Zhao was thrown into the media spotlight after earning several hundred million yuan through stock manipulations in China’s stock markets.
Opening Heritage Buildings to the Public
China Youth Daily November 9
Recently, the State Administration of Cultural Heritage (SACH) issued a guidance to open cultural heritage buildings to the public, encouraging local governments, cultural heritage departments and organizations using or managing such buildings to better bring these buildings’ cultural and social value into play, on the precondition of full protection. The SACH is clear that, no matter what their current conditions are, heritage buildings should be opened as much as possible.
The value of such buildings mainly lies in two aspects. First, they are of archaeological significance; second, they inherit and spread traditional culture and thus promote cultural transmission. If a heritage building is closed, only the first aspect is made use of.
In the past, due to insufficient preserving technologies and lack of funds, repairing work was seen as a major hassle, and thus opening the buildings to the public was difficult. Even famous heritage places like the Palace Museum in Beijing were plagued by such difficulties. Today, China has dramatically increased its input into cultural heritage protection, and archaeological protection technologies are improving. The time is ripe for heritage buildings to be opened up. Great achievements have already been made in the past years in opening up such buildings. Only open heritage buildings can fully display their social value, and to make them so is the best way for us to show our respect for such buildings. Foreign-Educated Chinese Return
Oriental Outlook November 16
Today, China is witnessing an unprecedented influx of graduates and talents who have studied or worked abroad in the nation’s history. In 2016 alone, a total of 432,500 foreign-educated Chinese returned from abroad, an increase of 58.48 percent from 2012.
The growing figure is an outcome of China’s rise in the world. As China achieves rapid progress in economy and society, especially in the field of science and technology, the country is like a magnet that strongly appeals to Chinese graduates, researchers and scientists abroad. For many overseas returnees who just graduated or started their career abroad for a number of years, their main reason to come back is that they don’t want to miss the golden opportunity of China’s development.
Since the 18th National Congress of the Communist Party of China in 2012, the Central Government has strengthened the efforts to attract intellectual resources, adopting a series of favorable policies for overseas returnees and offering more support for their scientific research or startup business.
Among all returnees, there is a remarkable growth of scientists who have made outstanding achievements abroad. They came back because they are able to participate in more and more significant scientific research projects in China, ranging from aerospace, quantum physics, supercomputing to new materials and life sciences, etc. They are more likely to make scientific breakthroughs here than by working abroad. Most importantly, they want to participate in realizing the dream of the Chinese nation’s rejuvenation and building a better future for the nation.
High Expectations on Internet Literature
Guangming Daily November 9
China Literature, the biggest net literature company in China and even in the world, went public on the Hongkong Stock Exchange on November 8. Thanks to the popularization of mobile Internet, net literature swiftly became a mainstream culture form and business model in China, and by June 2017, the number of net literature readers had reached 353 million, including 327 million readers on mobile phones, accounting for 45.1 percent of mobile Internet users.
High-quality literature works have been produced in net literature in the past decade. Today, net literature is also extending to movies, mobile games, cartoons, etc. Popular TV series like Empresses in the Palace and Nirvana in Fire are based on net literature. Through the Internet, China’s net literature is entering overseas markets, winning more and more foreign readers. Recent years have witnessed a wave of translation of Chinese net literature into foreign languages. There are already hundreds of overseas social media and websites that voluntarily translate and share such literature works, covering more than 20 countries and regions across the world.
When Chinese contemporary literature works based on the Internet are favored by the capital markets, it implies bright prospects for digital cultural industries. This rising sector is also expected to become a new economic growth engine.
CHINESE GOLF PLAYER ASCENDS TO TOP
Feng Shanshan, a Chinese golf player, won the final round of the 2017 Blue Bay LPGA(Ladies Professional Golf Association) tournament held in Lingshui, Hainan Province, on November 11. This was the ninth title that Feng has gained on the LPGA Tour. With this victory, Feng ascends to first place in the world ranking. Feng is the first Chinese golf player to achieve such an outstanding performance.
Feng was born in Guangzhou City, Guangdong Province, in 1989. She started receiving professional golf training at age 10. In 2004, Feng was recruited by China’s national golf team. Since then she has made remarkable achievements in golf. In 2007, Feng became the first player from the Chinese mainland to qualify for the LPGA Tour. Feng won her first professional championship on the Japan Tour 2011 and the first LPGA Championship title the next year. In the 2016 Rio Olympics, Feng won a bronze medal in women golf, which was also the first medal in golf for Team China.
“China conscientiously takes on its international obligations that match both its development stage and actual capacity, and implements the Paris Agreement with concrete action.”
Xie Zhenhua, China’s special representative on climate change affairs, speaking at a forum during the 23rd United Nations Conference on Climate Change in Bonn, Germany, on November 15
“There is an urgent need to build a regulatory system for policy lenders.”
Zhou Minyuan, Director of the Department of Policy Banks under China Banking Regulatory Commission, elaborating new rules for policy banks in Beijing on November 15
“Precision nutrition is a promising industry, but it is still in a nascent stage. We started an alliance to help companies create products that are backed by substantial scientific research.”
Chen Yan, Deputy Dean of the Shanghai Institute for Biological Sciences, speaking at an academic conference in Shanghai on November 7
“The stability of the new-generation clocks has been improved by 10 times, compared with those carried by previous BeiDou satellites.”
Qu Yongsheng, senior engineer from the China Aerospace Science and Technology Corporation, informing the media after two BeiDou-3 satellites were launched into orbit on November 5