One-line news
April 18, 2017 Category One-line news, Weekly
- Gong Zheng has been named Acting Governor of Shandong province, filling an office left vacant for more than a month since former Governor Guo Shuqing departed for Beijing to head the China Banking Regulatory Commission (CBRC). Tang Renjian, 55, was appointed Governor of Gansu province.
- The Cyberspace Administration of China has released a draft law that would require firms exporting data to undergo an annual security assessment. Any business transferring data of more than 1,000 gigabytes or affecting more than 500,000 users would be assessed on its security measures and on the potential of the data to harm national interests.
- More young Chinese studying abroad are opting to return home, many of them citing better job prospects in China. The government said this month that 82.23% of students who studied abroad returned to China last year, up from 72.38% in 2012.
- Tencent’s 2016 executive pay now surpasses that of global companies such as Apple, IBM and Amazon. As the stock price of Tencent Holdings reached new heights, the company paid an unidentified individual HKD311 million in pay and bonus last year, a 13% increase from the Hong Kong-listed company’s highest 2015 emolument of HKD274 million. At a market capitalization of USD281 billion, Tencent Holdings is Asia’s biggest company.
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