ChinaRealNews

Employees working for one full year can enjoy paid annual vacation

2007-12-29 Beijing

Li Jian, director of the Legislative Affairs Office of the State Council, said in an interview that employees who have worked for one full year at the same company or different employing units can enjoy paid annual vacation in accordance with the Regulations on Paid Annual Leave for Employees. Employing units are ordered by the regulator to pay compensation up to six times the daily wage to employees, if they reject to implement the regulations.

Guangdong Jiaying Pharmaceutical to launch A-share IPO

2007-12-29 Guangzhou

Guangdong Jiaying Pharmaceutical Co. Ltd. recently held three A-share IPO roadshows targeting institutional investors in Shenzhen, Shanghai and Beijing, respectively. Huang Libing, General Manager of Guangdong Jiaying Pharmaceutical, said the company aims to become China’s leading provider of traditional Chinese patent medicines specializing in drugs for treatment of sore throat and influenza.

The drug maker was established as a result of reorganization of Guangdong Meizhou Jiaying Pharmaceutical, and is primarily involved in traditional Chinese medicines for faucitis, cold, gastroenteritis and nutritional supplements.

Guangdong Jiaying Pharmaceutical plans to issue 20.5 million new shares, which account for 25 percent of the total share capital following the IPO. The company hopes to raise approximately RMB 175 million (approx. US$22.4 million) through the IPO, and the funds raised will be used for expanding production capacity of its traditional Chinese medicines including Shuangliao Houfeng Powder as well as Shuangliao Houfeng Tablet.

Guangdong Jiaying Pharmaceutical has established marketing and distribution centers in 29 provinces and cities across China. The company will endeavour to increase the market share of its Shuangliao Houfeng San Powder and Tablet in the domestic market of sore throat remedies to approximately 2% over the next two to three years, according to Huang Libing.

Enterprises should integrate social responsibility in daily operations

2007-12-29 Beijing

Enterprises should combine profits growth with social responsibility in their daily operations. An enterprise seeking long-term development should voluntarily undertake corporate social responsibility (CSR). According to researches, enterprises which undertake CSR can receive positive consumer response. The 2006 China's Textile and Garment Industries Corporate Social Responsibility Annual Report was released recently. This is the first report on the overall situation of the development of CSR in China, showing overtime work exists in each surveyed company. 

Centaline Property Guangzhou branch resigns labour contracts with over 1,000 employees

2007-12-29 Guangzhou

Centaline Property Guangzhou branch required more than 1,000 employees to re-ink labour contracts. In addition, the company asked the employees to sign contracts with a Guangdong province-based human resources company. The employees have showed their protest against the company’s move, saying their benefits and rights will be badly hurt. 

Chinese Tobacco Officials Meet Delegation of Philippine Tobacco Company

2007-12-29 Beijing

China’s State Tobacco Monopoly Administration (STMA) Chief Commissioner Jiang Chengkang and Deputy Chief Commissioner Li Keming met a delegation of executives of a Philippines-based tobacco company in Beijing on 27 December. The two parties discussed issues concerning improving cooperation in Southeast Asia.

Six Organizations of Gansu Province Recognized for Efforts in Tobacco Control

2007-12-29 Lanzhou

Six organizations of Gansu province, China, including Gansu Provincial Health Education Institute, were awarded the title of “2007 Prominent Institutions in Implementing Gansu’s Central Government-Funded Health Education and Tobacco Control Program” on 26 December. The province has implemented the program for the third year in a row since 2005.

Shoe company sells machinery equipment to pay wages

2007-12-29 Beijing

As the Spring Festival approaches, labor disputes happen frequently. On 27 November, 45 workers in a shoe factory in Jinjiang city submitted a labor arbitration application with Jinjiang Arbitration Committee for Labor Disputes, due to unpaid salaries. Under the arbitration, the company should pay off the unpaid wages of RMB 138,210 in total to the workers. As a result, the factory was allowed to raise money by selling its machinery equipment to pay the wages.

Cases concerning Infringement and Piracy Passed upon in Several Chinese Cities [China Press and Publish Journal] 2007-12-28

2007-12-29 Shanghai

In the campaign against erotic and illegal publications, local administrations across China are strengthening strike on right infringing and pirating. A batch of cases concerning pirated audio and video products were passed upon in several cities of China, including Shanghai, Guangzhou, Wuhan and Qingdao, by their local People's Courts this year, and criminals involved in the cases have got prison sentences and fine punishment.

China’s first CSR performance guidelines issued

2007-12-29 Beijing

CSR performance guidelines of State Grid Corporation of China, the first guidelines of its kind in China, was issued today in Beijing. It describes State Grid Corporation of China’s responsibilities for 12 areas including safe power supply, quality services and construction of world’s leading grid, among others, and gives planning roadmap of the company’s development of corporate social responsibility, providing a systematical guarantee for improvement of CSR performance abilities of the company.

China to Actively Promote Protection of Intellectual Property Rights

2007-12-29 Nanning

On 26 December, China’s first IP enforcement forum organized by the State Intellectual Property Office was held in Nanning, Guangxi province. A local government official said at the forum that China is working on an interactive mechanism to protect intellectual property rights. The country has cultivated a disciplined law enforcement troop and has accumulated extensive experience and resources in this respect. Facing the rapid economic growth, China will be actively taking effective measures to promote IP protection according to the ever-changing conditions.