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Foreign banks may face a higher threshold for registered capital to enter the nation's market Kentavius Street Jersey , under draft rules proposed by the China Banking Regulatory Commission.


Wholly foreign-owned or joint-venture banks will need at least 1 billion yuan ($163.37 million) in registered paid-in capital, compared with 300 million yuan at present.


The draft raises the bar for stakeholders of foreign banks, which must have experience in international finance and have gained the financial authorities' approval in their own countries.


The stakeholders of wholly foreign-owned banks must be financial institutions, while their majority shareholders must be commercial banks.


Financial institutions with unclear share rights, low transparency or above-average asset-liability ratios won't be able to control major stakes in wholly foreign-owned or joint-venture banks.


The draft regulations also impose tighter restrictions on derivatives to improve risk controls. Derivative managers must have a clean track record of at least five years, with direct involvement in derivative trading or risk control.


Hedge-related and non-hedging products must be strictly separated.


Hu Jiye, a finance professor at the China University of Political Science and Law, saw positive signs in the tougher rules.


"China has experienced increasing degrees of opening up after it joined the World Trade Organization in 2001. It has opened its arms to all sorts of financial institutes from overseas to quench its thirst for capital," said Hu.


"However, as the country grows stronger, it needs better screening to keep out smaller and less qualified market players, leaving more room for bigger and better-regulated ones."


China attracted a host of foreign investment into its State-owned banks from 2004 to 2008 before they went public with an aim to put domestic banks on a commercial footing as part of the nation's financial reforms.


The overseas capital helped State-backed financial firms become more market-oriented. But many international investors have sold their stakes at huge profits in recent years.


Bank of America Corp, Goldman Sachs Group Inc, UBS AG and The Royal Bank of Scotland Group have realized $24 billion from selling stakes in three major Chinese banks.


The profits have led some observers to warn that State assets had been sold too cheaply, leading to calls to limit fresh foreign investment in the industry.



What is the best way to see Arizona? You may hear that the best way to see any city is on foot, and this is true. The best way to experience the beauty of this unique state is on foot. Well, four feet, actually. Arizona was home to some of the most famous cowboys in the Old West, including Doc Holliday and Wyatt Earp, and horses are an integral part of the Arizona landscape. Today, you?ll find your horseback ride through the picturesque Arizona desert mountain real estate much more relaxing than in days past. While you won?t be in the middle of the OK Corral like Doc Holiday and his buddies, you will tread over much of the same ground they did. The history, fun, and beauty are outstanding treats for any Arizona resident and visitor.

In the Wild West, a horse was a man?s best friend. Today, while their utilitarian purposes have largely been eclipsed by the automobile and mechanized farm equipment, horses allure remains undiminished for many. Their beauty is undeniable, as is their strength and agility. If you don?t know how to ride, don?t let that stop you from having the time of your life and seeing Arizona as it was meant to be seen. In Arizona, there is no shortage of opportunities to ride the trails with a trusty steed. Where will you go and what can you see?

As you ride through rugged mountain and desert trails, you?ll feel like you are in the middle of your own western film. See mesas with their incredible red walls, towering saguaro cactus, canyons formed by thousands of years of rivers winding their way through the landscape, fascinating rock outcroppings, and endless plains. Arizona?s history is heavily dependent on its American Indian peoples. See ruins of the Anasazi civilization and experience the Navajo?s culture, which is very much alive. Blending modern and ancient traditions, the Navajo make their home in some of the most stunning surroundings in the world.

You can find horseback riding tours that last anywhere from one hour to three days. Many stables are very family-friendly, even for younger children. Children can ride their own or be led by a guide to ensure safety. Rides are typically guided and go at a walktrot pace so it is easy for beginners to manage. If you?ve mastered the basics, you can sit back, relax, and enjoy the one-of-a-kind scenery. Before heading out to the stable, get out your most comfortable jeans and closed-toe shoes or boots, and as always in Arizona, do not forget the sunscreen or a bottle of water. Then you will be ready to ride the trails.

Arizona offers breath-taking scenery and a sense of history that never fails to inspire, haunt, spur memories and make new ones, as well as giving you a sense of being in the present and past at the same time. Ride off into the sunset with a great day of horseback riding.


NANJING, Jan. 13 (Xinhua) -- At a time when many Chinese workers are anticipating their year-end job bonuses, Wei Tao, a migrant worker in Suzhou, was given notice he lost his job.


Last month, the United Win Technology Co. Ltd, one of the biggest original equipment manufacturer (OEM) in Suzhou, a major city in coastal Jiangsu Province, announced a shutdown amid a severe financial crisis, leaving more than 2,000 workers like Wei with nothing to do.


Founded in Suzhou in 1999, the company was one of the major suppliers for Apple Inc.. In its heyday, the company boasted more than 20,000 employees.


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