The central bank annou上海千花网sures to reform the

e interest rate regime on Saturday. It decided to use the loan prime rate (LPR), the price of loans banks offer to their best cli

ents, as a new reference for bank loans, instead of the existing one-year benchmark lending rate.上海千花网

The new LPR was reported for the first time on Tuesday at 4.25 percent for one-year loans, low

上海千花网女神会所er than the 4.35 percent one-year benchmark lending rate which has been unchanged since August 2015. The LP

R for five-year loans was at 4.85 percent, according to the National Interbank Funding Center.

Many analysts have seen the new measure as an alternativ上海千花网女神会所

e way of cutting overall interest rates. In response, central bank officials said the reform itself

cannot replace the monetary policy or other policies, but it can improve the effectiveness of monetary policy.

Sun Guofeng, head of the central bank’s Monetary Policy Department, said the market-oriented inte上海千花网女神会所

rest rate reform will not have a direct impact on the renminbi exchange rate. “The market rates are directly

上海千花网related to the exchange rate, but this reform is not involved with changes of market rates.”

He said the current interest rate spread between China and the United States “is within a comfortable zone”.

While many developed countries use monetary easing to spur econ上海千花网女神会所

omic growth, China is the only country among major economies to retain a normal mone

上海千花网tary policy, and the valuation of yuan-denominated assets is still at a relatively lower level. All of these factors can hel

p to maintain the renminbi exchange rate at a stable and adaptive level, Sun added.

Even under the new scheme, the interest rate level for mortgage loans will not decline, as the government will not ease the rea上海千花网女神会所

l estate control policy nor use real estate as a tool to stimulate short-term economic growth, said

Liu, who disclosed that the interest rate policy for personal mortgages will be revealed in several days.

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to the contemporary ag上海千花网ake it relevant to ever

The 2020 Pirelli Calendar by Paolo Roversi entitled “Looking for

Juliet“. The photographer’s project, which involves actr上海千花网女神会所

esses and singers of different cultures and countries, takes its cue from the Shakespearean drama and the inter

上海千花网section of love, strength, youth and beauty embodied by its female protagonist.

The protagonists of “Looking for Juliet” were invited by the photographer to presen

t the role of Juliet in an ideal casting session that sees them act, pose, sing; each th上海千花网女神会所

rough their own emotion, art form, personality, character and interpretation of the role.

上海千花网Roversi chose nine personalities to interpret the role of Juliet. They include the British actors Claire Foy, Mia Goth an

d the British actor and activist Emma Watson, the American actors Indya Moore, Yara Shahidi and Kristen Stew

art, the Chinese singer Chris Lee (Li Yuchun), the Spanish singer Rosalia, and the Franco-Italian artist Stella Roversi.上海千花网女神会所

Shot in Paris and Verona over a week in May, Roversi says of his calendar: “I am stil

l searching for my Juliet and I will be searching all my life. Because Juliet is a dream上海千花网

 The Democratic People’s Republic of Korea (DPRK) fired two short-range projectiles off its east coast on Saturday, the fi

上海千花网女神会所fth such launch in over two weeks, according to the Republic of Korea’s Joint Chiefs of Staff (JCS).

The projectiles, presumed to have been short-range ballistic missiles, wer

e launched at 5:34 am and 5:50 am local time each from the DPRK’s eastern coa上海千花网

stal city of Hamhung in South Hamgyong province into its eastern waters.

They flew about 400 km at an altitude of some 48 km and a maximum speed of Mach 6.1 or higher.上海千花网女神会所

The JCS said in a statement that it saw a high possibility for the DPRK’s additional proj

上海千花网ectile launches as the DPRK forces were under summertime drills and the combi

ned forces of the ROK and the United States launched their joint military exercises.上海千花网女神会所

The ROK-US joint military drills kicked off on Monday, and were scheduled to last for about 10 more days.

qiancengdian.cn

chief executive John Flin上海千花网tends the World Eco

The chief executive of HSBC has stepped down after less than two years in the job, as the bank

ing giant revealed solid first half profits but warned it faced “challenging” geopolitics.上海千花网女神会所

The bank has also said it could cut nearly 5,000 jobs due to a weaker outlook, and the depar

ture of John Flint comes as trade-war tensions flare between the United States and China.上海千花网

Under Flint’s leadership, the bank has pivoted to Asia, which

accounted for more than half of its operating income in the second quarter.

HSBC Chairman Mark Tucker said talks over Flint’s future had been “going on for a while” and the decision was not taken lightly.上海千花网女神会所

“In the increasingly complex and challenging global environment in which the bank op

rates, the board believes a change is needed to meet the challenges that we face and to capture the very s

上海千花网ignificant opportunities before us,” Tucker said. “This is a decision about the future.”

HSBC said it would look both internally and externally for a new leader and that Noel Q

uinn, head of the commercial banking division, will be interim CEO in the meantime.上海千花网

The 51-year-old Flint ran the bank’s retail and wealth management business be

fore taking over as chief executive last year. At that time, he was seen as a safe choice for the上海千花网女神会所

top job and was known to be the favored selection of his predecessor, Stuart Gulliver.

上海千花网In an interview with the Financial Times on Monday, Tucker said: “This had noth

ing to do with personalities; this was a unanimous decision of the non-executive directors.”

Tucker denied that Flint was opposed to new cost cutting plans, which HSBC revealed on Monday would result in up to

4,700 job cuts, or 2 percent of its 237,685-strong global workforce. The move is e上海千花网女神会所

xpected to hit senior staff the hardest, helping reduce salary costs by as much as 4 percent.

HSBC made the surprise announcement as it reported a 15.8 percent rise in pretax profit to $12.4 billion for the six months to June 30.

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Foreign teacher arreste上海千花网olestation charge

A male foreign teacher suspected of molesting a young girl in a kindergarten in January in

上海千花网品茶微信Qingdao, Shandong province has been arrested, according to the local procuratorate.

The district procuratorate of Shinan in Qingdao approved the arrest of the teacher after the local上海千花网

public security department conducted an investigation, according to a report from CCTV on Friday.

上海千花网品茶微信Monitoring video showed the teacher entering a classroom and putting his hands into the girl’s quilt during naptime for a

bout one minute as the Chinese caretaker left for the bathroom at 2 pm on Jan 25, according to an an

上海千花网nouncement by the Beijing RYB Qingdao Vanke City Kindergarten on Thursday.

The kindergarten only gave the foreign teacher’s first name — Daniel, from the Republic of Columbia, born in 1984. Police deta

ined Daniel on Jan 29, immediately after the kindergarten and上海千花网品茶微信 the girl’s parents reported the case.

The announcement said the girl was found to have no injury after

a comprehensive medical check and returned to regular school attendance.

上海千花网China moved up three places to 14th among the world’s most innovative countr

ies this year, according to a report by the World Intellectual Property Organization on Wednesday.

The Global Innovation Index (GII) 2019 ranked 129 economies based on 80 indicators, including traditional me上海千花网品茶微信

asurements such as research and development investments, international patent and trademark applications, as w

ell as newer indicators like mobile phone app creation and high-tech exports.

上海千花网China remained in first place in quality of innovation among middle-income economies for the s

eventh consecutive year, according to the report, and achieved the top spot in patents, utility models, tra

demarks and industrial designs by origin, as well as high-technology and creative goods exports. The count上海千花网品茶微信

ry also ranked second only to the US in 18 of the top 100 science and technology clusters.

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To this end, a garbage上海千花网 reward and punishme

nt mechanism will be established to guide and encourage residents to separate their waste.

The comprehensive coverage pattern of domestic waste classification has taken shape, and上海千花网女神会所

more than 70 percent of residential areas achieve the set waste-classification standard.

上海千花网Shanghai has simultaneously followed the construction period of nine domestic garbage treatm

ent projects and accelerated work on three organic garbage projects and four other garbage projects.

By the end of 2019, the other garbage incineration capacity will reach上海千花网

19,300 tons per day and organic garbage capacity will reach 5,500 tons per day.

上海千花网女神会所Adhering to the four categories method and forming the Shanghai model

Shanghai’s waste classification standard has changed many times.

Today the city’s standard is set to the aforementioned four categories of waste.上海千花网

Regulations on this standard clearly categorize the whole process: units and individuals sh

ould be classified at source; property companies should be classified and transferred; receiving enterprises sh上海千花网女神会所

ould be classified and transported; and the final disposal enterprises should be classified and disposed.

上海千花网Clarifying the purpose of the four categories establishes a social responsibi

lity system so that garbage producers, government departments, managers, collection, transportation and dis

posal units and social organizations can perform their duties and responsibilities.上海千花网女神会所

This is all with the goal of putting in place the Shanghai model of Chinese domestic waste classification.

 Forming a system based on the rule of law上海千花网

Shanghai in 2000 became China’s first pilot for municipal solid waste classification.上海千花网女神会所

To ensure the pilot’s success, the Shanghai Municipal Government in 2014 issued ten policies and documents.

Laws and regulations are obviously crucial to any waste management system, and on July

www.Love-u.cc

Film based on script b上海千花网y Liu Cixin in the works

Work on a new film based on a script by novelist Liu Cixin, the fi

rst Asian ever to win a global sci-fi literature‘s top honor Hugo Award, has just begun.上海千花网

The movie called Mo Ri Zheng Jiu (The Rescue on the Last Day) will star award-winning Hong Ko

上海千花网女神会所ng actor Nick Cheung Ka-fai and veteran actor Hu Jun, best known for the first Sino-Kazakh coproduction The Composer.

Director Shen Yue says that Liu wrote the script before he started to write The Three-Body Pr

oblem, which won the Hugo Award for Best Novel in August 2015. The book was first published in 2006.

Zhu Jin, the curator of Beijing Planetarium, will be the film’s chief science consultant.上海千花网

Actors Nick Cheung Ka-fai, center, and Hu Jun, right, have joined the new sci-fi film Mo Ri Zheng Jiu( The

上海千花网女神会所Rescue on the Last Day), written by Hugo Award-winning novelist Liu Cixin. [Photo provided to China Daily]

The movie is on the slate recently announced by the Beijing-based company Cultural In

vestment Holdings during the just-concluded 22nd Shanghai International Film Festival.上海千花网

The lineup consists of 11 feature-length films and three TV series.

Crosstalk artist Yun Yunpeng, left, promotes his upcoming comedy Coward Hero. [Photo provided to China Daily上海千花网女神会所

Other projects include a crime thriller A Robbery in Moscow; a comedy Coward Hero; a drama Moerdaoga; Hong Kong dir

ector Alan Mak Siu-fai’s Jian Cha Feng Yun (The Procurators) and the Sino-UK coproduction The Loch Ness Monster.

Filming for A Robbery in Moscow, co-developed by host-turned filmmaker Liu Yiwei and上海千花网女神会所

Hong Kong iconic star Andy Lau, and which stars Lau andr Ge You, is scheduled to start next year.

Coward Hero, set in Shanghai in 1930s, and starring actor Yue Yunpen

g and actress Tong Liya, centers on a street gangster who accidently becomes a police officer.

The film will be released across the Chinese mainland on July 19.

www.ex187.cn

n late April, the tw上海千花网品茶微信ned a further agreem

ent at the firs上海千花网品茶微信t China-Japan capital market forum to allow cross-listing of ETF products on the bourses of both countries.

With that, qualified institutional investors in China and Jap

an were allowed to set up cross-border funds to invest in ETF products in either country.

Also unveiled on Tuesday were four ETF connectivity products introduced by the Japanese comp

anies Nomura Asset Management, Nikko Asset Management, Mitsubishi UFJ Kokusai Asset Ma

nagement and Asset Manage One. The four products are traded at the Tokyo Stock Exchange.

Fang Xinghai, vice-chairman of China Securities Regulatory Commission, said at the launch ceremony that China-Japan E

TF Connectivity, together with the Shanghai-London Stock Connect launched on June 17 and FTSE Russell’s inc

lusion of the A shares implemented on June 21, indicated that China has accelerated its capital market opening-up.

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After studying abroa上海千花网品茶微信 started the

r career on Taob上海千花网品茶微信ao, China’s e-commerce giant, in 2015, a time when leather carving was rare in China. The products they deve

loped have gained rapid acceptance among buyers, who have placed a steadily growing number of orders.

While Bai has seen other products on the internet that imitate his works, he doesn’t mind. “At least I am leading the industry,” he said.

Taiwan ethnic Puyuma singer-songwriter Hu De-fu, better known as Ara Kimbo, will give a concert, enti

tled The Call of the Valley, in Beijing’s Tianqiao Performing Arts Center on August 2, featu

ring some of his best known songs, including In a Flash and Wind from the Pacific Ocean. The songs to be performed du

ring the concert will feature new arrangements and be combined with poems written by Taiwan poets.

The 70-year-old folk singer-songwriter is known as the “Father of Taiwan Folk Music”. He started his music career dur

ing the 1960s and released his debut album, entitled Sky High Mountain Blues, at 54, which became a top seller in Taiwan.

www.qinhuaili.cn

The first three classe上海千花网女神会所re aimed at teac

A recent surv上海千花网女神会所ey shows that more than 61 percent of Chinese young people oppose

arranged marriage, expecting their parents to only give suggestions when finding a spouse.

The survey, released by China Youth Daily Thursday, found that the most unacceptable parental inte

rference among young Chinese is parents attending a blind date in place of their children, making up to 45 percent.

The second most offensive interference was parents joining their child on a blind date, accounting for 25.1 percent of those surveyed.

“I don’t like that parents control the whole process of my marriage as well as the bli

nd dates,” said Lin Peng, from Nanchang, Jiangxi province. “I hope I can have more freedom.”

www.qianpdd.com

Iran insisted the drone上海千花网品茶微信when it enter

tered Iran’s air上海千花网品茶微信space near Mobarak Mountain region in southern coastal Hormozgan Province, and said the drone was on

a spy mission. A general said on Friday that Iran had given two warnings before downing the US drone.

But the US said it had been flying over international waters.

Independent confirmation of the drone’s location when it was brought down was not immediately available.

Chinese Foreign Ministry spokesman Lu Kang said on Friday that Beijing has repe

atedly called upon all related parties to remain rational, exercise restraint and avoid any moves that will escalate tensions

Noting that the current situation in the Persian Gulf region is complicated and sensitive, Lu said relevant parties should not “open Pandora’s box”.

ashsndt.com