The Shanghai Pilot FTZ will be the first to lift forei
ign ownership limits on banks and financial asset management firms and strive for the first l
anding of new financial business licenses for licensed financial institutions, Shanghai Securities News reported.
With 3.85 percent of the country’s land, the Yangtze River Delta region produced nearly one-fourth
of China’s GDP and one-third of its tax revenue. With the building of a new FTZ in the region, mega-city clusters will be an important condui
t for high-quality development, according to a report from RMB To Global, a reminbi trade and research institute.
Tsinghua University made an announcement Wednesday that it will strictly p
unish academic dishonesty in serious cases, to further enforce academic integrity.
The announcement made by the prestigious university, a top institution in China, detaile
d the revised punishments, ranging from warnings and demerits to probation and expulsion.
According to the new rules, those involved in plagiarism, fabrication of data and research conclusions, gho
stwriting and peer-review manipulation shall be given a demerit or more severe punishments.
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