Regulator issues guidelines to make loan renewal easier

he China Banking and Insurance Regulatory Commission Beijing Office announced on Thursday it has issued guidelines for banking institutions on re

newing micro and small business loans to shorten the financing chain and reduce financing costs.

The guidelines aim to cut unnecessary so-called “passageway business” a

nd bridging finance that “bridges” the gap between the time when a company’s m

oney is set to run out and when it can expect to receive an infusion of funds later on, under the premise that banking in

stitutions will meet the requirements on internal control and risk management.

“The loan renewal policy is actually a credit policy to incentivize lending to high-quality enterpri

ses,” said Jiang Ping, a senior official at the China Banking and Insurance Regulatory Commission Beijing Office.

“For companies that have run into temporary operational difficulties but still have enormous potential for development, banks should help them get th

rough the tough times by renewing their loans. However, banks are forbidden from covering or delaying risk ex

posure associated with lending to ‘zombie firms’, which cannot repay loans, in the name of loan renewal,” she said.

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sights ranking places six Chinese artificial intelligence

ina is racing to the forefront of the global artificial intelligence sector, with six domestic companies earning their place on a recent list of the top 100 AI startups in the world.

Released by venture capital database CB Insights, the list includes 23 startups headquartered ou

tside the United States, including six each from China, Israel and the United Kingdom.

Chinese companies SenseTime, YITU Technology, 4Paradigm, Face++, Momenta and Horizon Robotics made it onto the list.

CB Insights reported Chinese startups SenseTime and Face++, which focus on facial recognitio

n technologies, are the best-funded companies, followed by California-based tech company Zymergen.

A total of 11 startups on the list are unicorns, startups valued at more than $1 billion, among w

hich five are from China. SenseTime gained the top spot among those 11 with a maximum valuation of $4.5 billion.

With the blossoming of big data, cloud computing and i

nternet technologies, AI has become a new focus of international competition.

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ple of foreign guests are excited to take part in the fair’s

Over 180,000 people were attracted to the grand fair, which has been listed as a National Intan

gible Cultural Heritage, and watched the square parade, the fair’s most anticipated activity.

The parade featured over 20 troupe performances included lion dances, a waist drum presentation, stilt walking and

other local folk art shows. The folk parade stretched 2.5 kilometers around Meili town, Wuxi’s Xinwu district.

In celebration of the 70th anniversary of the founding of the People’s Republic of China, parade

s float went along the route expressing the people’s gratitude to the country and great expectations for the future.

During the opening ceremony, the first cultural tourism brand of Wuxi Xinwu district, “Tai Bo You Li“, was launched, and product

ions of the district’s history, Wu culture, local intangible cultural heritage and travel routes were staged.

The eight-day event will last until Lantern Festival, and will feature traditional trading fairs,

demonstrations of intangible cultural heritages and folk art, and public cultural activities.

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Another post by the same blogger claimed Zhai’s doctoral gra

aduation dissertation could not be found in the CNKI database, while all graduation dissertations written by his classmates were there.

Zhai’s studio said on Friday he obtained a Ph.D. from the Beijing Film Academy in June, and all h

is academic papers and his dissertation were written by him under the guidance of supervisors.

He has met all graduation requirements from the academy and is willing to be held responsible for any academic misconduct, the studio said.

Netizens later found Zhai’s supervisor Chen Yi, former director of the performance institute of the Beijing Film Academy, on

ly has a bachelor’s degree and has not published any academic papers. However, doctoral supervisors at the university are supposed to have a do

ctoral degree and publish at least eight academic papers and two academic monographs within five years.

Zhai posted an apology letter on his Sina Weibo page Thursday.

“After I have starred in a few films and TV series, I have become full of myself and forgotten honesty is the most important principle,” he said.

“Vanity has misguided me and I brought this attitude into writing academic papers. I will

withdraw from postdoctoral research at Peking University and I am deeply sorry to my school, teachers, fans and the public.”

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Sao Paulo orchestra makes debut in ChinaState Symphony

The Sao Paulo State Symphony Orchestra of Brazil, the first South American symphony to t

our China, will hold a concert at the Shanghai Grand Theatre on the night of Valentine’s Day.

The event also marked the first time the symphony’s female conductor Marin Alsop is involved in a performance in China.

Alsop, who is one of the most prominent students of the late US musician Leonard Bernstein, introduced the symphony’s m

usic style as “accessible with folk elements” and highly rhythmic, which is “a hallmark of the Brazilian music”.
The

concert program, she added, is perfect for Valentine’s Day as it “begins with lots of fire and ends with lots of romance”.

The concert opened with Bernstein’s Candide Overture, followed by works from Brazilian composer Heit

or Villa-Lobos and Argentine Alberto Ginastera. The second part featured Sheherazade by Russian artist Nikolai Rimsky-Korsakov.

Following its China premiere in Shanghai, Alsop and the Sao Pa

ulo symphony will go on to play in Jinan of Shandong province, Beijing and Hong Ko

ng, where the company will feature as the opening performance for the Hong Kong Arts Festival on Feb 21.

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Brazil’s Bolsonaro released from hospital after 17 days

Brazil’s President Jair Bolsonaro was released from the Albert Einstein

Hospital in Sao Paulo on Wednesday after convalescing from surgery and returned to the capital, Brasilia.

Bolsonaro spent 17 days in recovery, mainly in intensive or semi-intensive care units, but worked from his bedside for m

ost of that time, with his vice president, Hamilton Mourao, filling in for him for two of those days.

On the presidential campaign trail last year, Bolsonaro was stabbed in the abdomen by

a lone attacker. He required a colostomy and underwent surgery in late January to reverse the procedure.

The surgical procedure reportedly went well, but his recovery had some complications. Last week, he had fever and was diagn

osed with pneumonia, but his health improved and doctors said he was able to leave the hospital and return to Brasilia.

Bolsonaro commented on social networks about leaving the hospital, noting that the ma

n named Adelio Bispo who had attacked him had been a member of the Socialism and Liberty Party (PSOL).

At the time of the attack, the PSOL admitted Bispo had been a member, but said he quit the political organization years ago and was never very active.

So far, investigations have not uncovered a connection between the attacker and any Brazilian political party.

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Most women are moved by the amount of effort that me

 exert to secure gifts or arrange a romantic evening, while men often seek th

e easiest means and least efforts needed to accomplish the much-disliked ob

ligation of purchasing Valentine’s Day presents for their beloved or selecting a romantic spot to awe them on Valentine’s Day.

On one hand, men might put much emphasis on the monetary value of the gifts that they buy or the cost of spending a ro

mantic Valentine’s Day. They believe that expensive gifts and extravagant settings for the event will endear them to th

e hearts of their loved ones. On the other hand, women might evaluate the romantic gestures on sentimental values.

Most men have to the tendency to be lazy when it comes to buying Valentine’s Day g

ifts. Some are inclined to purchase things that might be practical yet not so ro

mantic. Receiving such gifts might dampen any romantic aspirations a woman may have for Valentine’s Day.

From discussions with students through my teaching assignments, I discovered that most of these young men are too tim

id to show their romantic feelings. However, they are slowly becoming bolder in dealing with their affections.

ashfk.com

Instead of waiting for the conclusions of the investigat

ion by the Beijing Film Academy, Peking University needs to take the initiative to launch its own inqu

iry. On its official website, the university clearly states the procedures for enrolling a postdoctoral res

earcher, which include at least four review stages after an applicant submits materials.

When enrolling Zhai as a postdoctoral researcher, they should check many more materials besides his

doctor’s degree. If Zhai is found to have academic problems, Peking University is partly responsible, too.

As it is widely considered to be the top university in China, Peking University has very precious r

esearch opportunities, which makes it a focus for the public’s attention in this incident. It is time both B

FA and Peking University examined if they bear any blame, instead of just trying to pass the buck to each other.

The list ranks the country’s cities on three major indicators: economy, social advancement and environment.

Jointly launched by the National Development and Reform Commission’s development planning department and th

e Cloud River Urban Research Institute, an international think tank, the index sets “digital benchmarks and ref

erence systems” for China’s urbanization drive and urban development.

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Tiantongyuan redevelopment set to improve lives Wen | Chi

Li, the professor, is a regular visitor, and he and his wife often bring their 3-year-

old daughter to participate in the activities. He

has also established a discussion group in Huilongguan in the hope of using people’s input to build a better area.

“Everyone has an idea of the kind of life they want to live, and to live in a better

community is everyone’s dream,” he said.

In an interview with 21st Century Business Herald, Tian Zaiwei, CEO of Sh

untiantong Co, the company overseeing Tiantongyuan’s red

evelopment, said the neighborhood covers the same area as many medium-

sized cities overseas. That means there is st

ill a long way to go, because construction and improvement of a city can often take

decades or even 100 years.

After 20 years, Tiantongyuan has slowly filled its developmental gaps, and despite

the lack of infrastruct

ure, the congestion and dense population, it remains an area that many

people consider when looking to buy property.

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Wang said his department encourages companies to pr

mote scientific and technology innovation to make them more competitive.

Zhou Yawei, a member of the Standing Committee of the Guangzhou Committee of the Communist

Party of China and secretary of the Party Working Committee of the Guangzhou D

evelopment District, said the district has registered more than 20,000 science and

technology companies and took the lead in innovation among 219 State-level development zones in China last year.

It is the first time the district – which is home to Sino-Singapore Know

ledge City, Guangzhou Science City and Guangzhou International Island – has led State-level de

velopment zones in scientific and technological innovation. It ranked second in 2017.

“The district, in the eastern part of Guangzhou, introduced preferential policies to promot

e scientific and technological innovation years ago,” Zhou said. “Priority was given to the dev

elopment of the information, artificial intelligence and biopharmaceutical industries.

“Scientific and technological innovation are expected to play an even bigger role in

the district’s economic development and industrial upgrading in the years ahead.”

Zhou promised to attract more high-end talent from home and abroad t

his year to help boost the district’s scientific and technological innovation efforts.

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