Legislation roundup: IT infrastructure, share trading in Shenzhen and fund management rules
August 15, 2013 | BY
clpstaff &clp articlesThis week the State Council has tried to boost spending on IT, the Shenzhen Stock Exchange has lowered minimum trading shares and CSRC has relaxed rules for fund management companies
Information technology
State Council, Several Opinions on the Promotion of Consumer Spending on Information Technology to Expand Domestic Demand
The State Council aims to increase consumer spending on information technology at a rate of 20% each year and reach a spending size of more than Rmb3.2 trillion in 2015. Specific policies include the construction of smart cities by building smart systems for power grids, transport, water management, land supply and logistics, acceleration of the upgrading of information technology infrastructure such as the issuance of 4G licences in 2013, and enhancement of the supply of information technology products by R&D in smart phones, smart TVs and family smart terminals.
See the digest for more details.
Further reading
Expanding investment channels for infrastructure development projects, Nov 2009
Capital markets
Shenzhen Stock Exchange, Trading Rules (4th Revision)
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