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China unveils plans to overhaul Hong Kong’s electoral system
Vice Chairperson of the National People’s Congress Wang Chen said that a draft proposal was submitted to the National People’s Congress Standing Committee. A file photo of Chinese President Xi Jinping. | Nyein Chan Naing/AFP
China on Friday moved to overhaul Hong Kong’s electoral system, and set an economic target for this year as it began the annual session of the Parliament, reported Reuters.
Chinese Premier Li Keqiang hailed the achievements of 2020 as the country overcame the coronavirus pandemic, and laid out plans for economic recovery, reduced emissions, investment in innovation, and to improve a declining demographic outlook. Beijing also unveiled its five-year plan, vowing to increase funding by over 7% on annual research and development until 2025.
Legislation to reel in college enrollment cheats By ZHAO XINYING | chinadaily.com.cn | Updated: 2021-01-20 17:45 Share CLOSE Teachers encourage students as they enter an exam site at No 1 Middle School in Baokang county, Xiangyang, Hubei province, on July 7, 2020. YANG TAO/XINHUA
People who use fake information or steal others identities to gain college enrollment will face severe punishments, according to a draft amendment of the Education Law.
The penalties include disqualification from college, and being banned from taking the
gaokao college entrance exam for one to three years, according to the amendment submitted by the Ministry of Education to the National People s Congress Standing Committee on Wednesday for review.
SHANGHAI, Dec 27 (Reuters): China has amended a criminal law to increase imprisonment terms for securities and futures market crimes, including fraudulent securities issuances and information disclosure fraud, according to a regulatory statement.
According to an online posting by the China Securities Regulatory Commission (CSRC) on Saturday night (Dec 26), the imprisonment for fraudulent securities issuances was raised from five to 15 years, while the maximum sentencing for fraudulent disclosures was raised to 10 years from three.
The amendment was passed by the National People s Congress Standing Committee on Saturday, and will come into effect from March 1.
The amendments also strengthen penalties against controlling shareholders and intermediaries such as sponsors who act as gatekeeers in securities issuances.