A spokesperson for the commission says the Everbright proprietary strategy trading system has flaws in program call and limit control, which resulted in huge orders at market prices.
Direct financing channels will be expanded in order to aid cash-strapped small businesses, China's cabinet said on Monday.
China will suspend the value-added tax and turnover tax for small businesses with monthly sales of less than 20,000 yuan (3,226 U.S. dollars) starting from Aug. 1.
China will suspend the value-added tax (VAT) and turnover tax for small businesses with monthly sales of less than 20,000 yuan (3,226 U.S. dollars) starting from Aug. 1.
The online sales tax act is not fair and could bring damage to small enterprises and the jobs they create, said John Donahoe, chief executive officer of eBay Inc., one of the world's leading e-commerce companies, Tuesday.
On Saturday, a report on financing of small businesses was delivered at the 2013 Boao Forum for Asia in Sanya.
Chong Sarika, a small town in Lopburi province, some 150 kilometers north of this capital city, comes alive as the golden hue of sunflowers that are in bloom covers the entire town.
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