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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: hui zhou who wrote (5774)	3/13/2006 11:38:15 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Don't tell me that you really believe in those BS! And that BBC reporter either has some hidden agenda or he/she does NOT understand Chinese. And this is just one more example how BBC is a lier! Here is the Chinese news, go read it yourself. news.sohu.com BTW, NO ONE, I mean NO ONE, dare even think about, not to mention talk about, replacing Mao's picture on Yuan with some other idiots. They may add some other Idiots like Deng, but NO ONE dare to replace Mao's picture! The minute whoever dare to do that will the official moment of another revolution starts!

To: hui zhou who wrote (5774)	3/14/2006 9:15:57 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

[Indian hackers hacked China's bank server and used it to rip off the US customers! This reminds me of one of my AT&T phone card was hacked by a guy who then called India.] -- Alleged 'phishing' attacks in US linked to China Construction Bank IP address 03.14.2006, 06:48 PM WASHINGTON (AFX) - A series of fake e-mails designed to make US bank customers give up sensitive personal and account information has been linked to an Internet site assigned to a state-owned China Construction Bank, Internet security experts alleged. The e-mails circulating in recent days offer customers of Chase Manhattan Bank a 20 usd 'reward' for filling out on online survey, Agence France-Presse reported, citing security firms that monitor such schemes. Experts at the British security firm Netcraft said the users responding to the so-called 'phishing' attacks first detected Saturday were 'directed to sites hosted on IP addresses assigned to The China Construction Bank (CCB) Shanghai Branch.' 'The phishing pages are located in hidden directories with the server's main page displaying a configuration error. This is the first instance we have seen of one bank's infrastructure being used to attack another institution.' Netcraft and other security firms pointed out that the attack on Chase offers recipients the chance to earn 20 usd by filling out a user survey. On the site, users are asked for a user ID and password, so the 'reward' can be deposited to the proper account. The form also requests the victim's bankcard number, personal identification number, card verification number, mother's maiden name and social security number. Netcraft said the data submitted is then sent to a form processing service on a server in India. Netcraft said the same IP address at CCB Shanghai was used to host a fake eBay login screen in a similar fraud attempt. rl/mdl/tr forbes.com

To: hui zhou who wrote (5774)	3/14/2006 9:21:15 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

{This is good news]--China premier says state to retain control of banks - UPDATE 03.14.2006, 12:10 AM BEIJING (AFX) - Premier Wen Jiabao said the state will maintain control of the country's major banks, warning of the danger of 'stripping' state-owned assets. 'The state must take a dominant controlling share in the state-owned commercial banks in order to keep the economic lifeline of the country in state hands and fend off financial risks,' Wen said at a news conference at the end of the annual meeting of China's parliament. ''We need to step up internal controls, regulation and supervision in order to prevent the stripping of state-owned assets,' he added. The premier also said that the country was open to experimentation. 'We also believe that we need to explore various and multiple formats of realizing public ownership,' Wen added. He did not specifically comment on whether the country's regulators would permit the sale of a majority stake in Guangdong Development Bank to Citigroup Inc. A consortium led by Citigroup is vying against a consortium led by Societe Generale for majority control of the troubled financial institution. Foreign investment in local banks remain capped at 20 pct by any single financial institution. Total foreign investment in any local bank may not exceed a combined 25 pct. Authorities are considering making an exception for the Guangdong lender due to its considerable financial problems. China has sold minority stakes to overseas investors in three of the country's big four banks -- the Industrial and Commercial Bank of China, China Construction Bank and Bank of China. China is trying to make its banks more competitive as it opens the sector to foreign competition in line with its commitments to the World Trade Organization. cm/tr forbes.com