1. China is not facing an economic crisis but adjusting its economic structure, a Chinese expert said on Tuesday. "There is a global slowdown in the market and China is part of the world facing those challenges and risks. The economic slowdown would facilitate industrial structure to adjust demand to supply," said Gu Hailiang, Deputy Chair of the State Committee of Social Sciences at the Chinese Ministry of Education.
2. The China Securities Regulatory Commission (CSRC), the top securities regulator, announced on Tuesday its approval for seven companies to make initial public offerings (IPO) on the Shanghai and Shenzhen bourses. Among the seven companies, three are to go public on the Shanghai Stock Exchange, one on Shenzhen bourse's Small and Medium-sized Enterprise Board and three on Shenzhen bourse's ChiNext board. CSRC disclosed that the seven companies' IPO will open for subscription before the lunar Spring Festival holiday, and only one will be available for subscription on a single trading day.
3. The National Development and Reform Commission on Tuesday published guidance for promoting third-party pollution governance in thermal power plants, clearly stating support for social investment in environmental pollution control in thermal power plants. The guidance puts up that China would expand the areas of third-party pollution governance in thermal power plants from current sulfur dioxide and nitrogen oxide to waste gas, water, and solid waste by 2020. Meanwhile, China would improve policies and regulations for third-party pollution governance and cultivate a bunch of leading environmental protection service companies.
4. A total of 330,000 new accounts for trading on China's A- and B-share markets were opened last week (from January 11 to January 15), up 11 percent week on week, the consecutive two weeks increase, according to the latest data released by the China Securities Depository and Clearing Corporation Limited (SD&C). A total of 18.97 million investors participated in trading on China's A-share market during the week, accounting for 19.2 percent of the total A-share accounts.
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