China Launches A $14.6 Billion National Internet Investment Fund_网易财经
China Launches A $14.6 Billion National Internet Investment Fund
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（原标题：China Launches A $14.6 Billion National Internet Investment Fund）
On the afternoon of January 22nd, Cyberspce Administration of China held a press conference in Beijing and announced the establishment of this national-backed fund. What's the fund about? Who are the main contributors to the fund? What sectors will the fund focus on?
(Chinese Version)Finally, China Internet Investment Fund, a national-backed investment fund, was established in China.On the afternoon of January 22nd,&Cyberspace Administration of China held a press conference in Beijing and announced the establishment of this national-backed fund. During the press conference, China Internet Investment Fund reached a series of strategic cooperation agreements with relevant enterprises and financial institutions.The fund, co-established by Cyberspce Administration of China and Ministry of Finance with a registered 100 billion RMB (around $14.6 billion), will be &focused on investment in the internet sector&. Up till now, 30 billion RMB (around $4.38 billion) has already been transferred to the fund.It is reported that the first batch of strategic investors includes: Industrial and Commercial Bank of China (ICBC), CITIC Guo&an Group, China Post Insurance (CPI) as well as three major Chinese mobile carriers (China Mobile, China Telecom and China Unicom), etc. At the same time, an Investment and Loan Linkage Mechanism, supported by ICBC, Agricultural Bank of China and China Development Bank (CDB) will be established to provide enterprises the fund invests in with a package of favorable support measures, such as credit authentication (as high as 150 billion RMB, or around $21.9 billion), financial service, etc.During the foundation ceremony, a series of strategic cooperation agreement were signed, including a strategic partnership agreement signed between China Internet Investment Fund and six strategic investment enterprises including ICBC, CITIC Guo&an Group, CPI, China Mobile, China Unicom and China Telecom.As of press time, we still don&t know the exact investment volume of these six partners as well as the specific composition of the fund&s management and decision-making team.As a matter of fact, rumor already had it that the fund was under preparation during the 2015 World Internet Conference. At that time, an insider revealed that a national-level internet investment fund was under preparation. His words proved to be true with the launch of this $14.6 billion China Internet Investment Fund.However, China Internet Investment Fund is just one of the few national-backed investment funds established recently. In August 2016, China State-Owned Capital Venture Capital Fund Co., Ltd, a national-backed investment fund, was established with a registered asset of 200 billion RMB (around $29.2 billion). Only a month later, China 's State-Owned Enterprise Structure Adjustment Fund was established with a registered asset of 350 billion RMB (around $51.1 billion).&&&&&&&&&&&&&(Like our Facebook page and follow us now on Twitter @tmtpostenglish, on Medium @TMTpost, on Instagram @tmtpost_english and on Apple News@TMTpost)[The article is published and edited with authorization from the author @TMTpost-Chinese, please note source and hyperlink when reproduce.]Translated by Levin Feng (Senior Translator at PAGE TO PAGE), working for TMTpost.
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分享至好友和朋友圈China to introduce review commission on cyber security_英语新闻_VOA英语网
China to introduce review commission on cyber security
发表时间:内容来源:
A commission will be established to deliberate important policies on cyber security and organize reviews, according to a document released by the Cyberspace Administration of China (CAC) on Tuesday.
The document, on the security of Internet products and services, has just been released for public opinion. The CAC will establish the commission with other authorities.
The document proposed that Internet products and services related to national security and the public interests should undergo a security review.
According to the CAC, reviews will focus on whether the products or services are secure and sufficiently managed, and on assessing risks of illegal control, disruption or interruption.
The reviews will also evaluate risks of providers using their products or services to illegally gather, store, process or make use of user information.
In addition, unfair competition, monopolization or any other functions that may damage users' interests will be reviewed, according to the CAC.
Any service or product that fails the review will be blacklisted, making them off limits to all Communist Party of China (CPC) organs, government departments, and key industries.
HIGHLIGHTING PRODUCTS AND SERVICES
The review is neither a legal practice nor an administrative one, said an official with the CAC, but is merely supervision of important Internet products and services.
The review will not hinder foreign products from entering the Chinese market, but will only to boost confidence in such products and services, the official said. Authorities will treat Internet products and services from home and abroad equally.
Zuo Xiaodong, vice president of the China Information Security Research Institute, a government think tank, said the regulation means that while products and services that fail the review will be blacklisted, it does not mean that all Internet products and services purchased by CPC organs, government departments and key industries will be reviewed.
LAW-BASED INTERNET REGULATION
China has introduced a number of Internet laws and regulations and is home to about 700 million Internet users, the world's largest online population.
In December, the CAC released a cyberspace security strategy, guaranteeing cyberspace sovereignty and national security, protecting information infrastructure and promising action against cyber terror and crime.
In November, a cyber security law stipulated that the government would take measures to &monitor, defend and handle cyber security risks and threats originating from within the country or overseas sources, protecting key information infrastructure from attack, intrusion, disturbance and damage.&
In July 2015, China's top legislature adopted a new national security law highlighting cyber security and demanding the establishment of a coordinated, efficient crisis management system.
The law covers a wide spectrum of areas including defense, finance, science and technology, culture and religion.
来自： 文章地址:
Latest NewsChina Focus: China ramps up public cyber security awareness - Xinhua |
China Focus: China ramps up public cyber security awareness
BEIJING, June 1 (Xinhua) -- China on Monday officially kicked off its second Cyber Security Week, part of the country's effort to raise awareness amid growing Internet users and rising cyber attacks.
Jointly held by top state level departments, including the Cyberspace Administration of China (CAC), the ministries of education and public security, the event intends to help the public better understand Internet security risks and enhance their ability to protect themselves.
This year's event aims to cultivate cyber security awareness among teenagers in particular, said head of the CAC Lu Wei.
"Cyber security isn't just about national security and national development, but also concerns the immediate interests of every Internet user," he said.
Lu's words are in line with a recently released white paper on China's military strategy, which said "cyberspace has become a new pillar of economic and social development, and a new domain of national security."
He also urged the public to raise their cyber security awareness, voluntarily resist online pornography and groundless rumors and abide by the law on the Internet.
The week-long event came after a series of cybersecurity incidents and Internet service outages that stoked concern among the public about online data safety.
Alipay, China's largest online payment platform, reported anomalies on Wednesday, which were found to be linked to optical fiber glitch. The next day, , China's largest online travel agent, scrambled to fix a service outage problem after its website and mobile platform went down Thursday morning.
Though both companies claimed that no user data was compromised, the incidents still put Chinese Internet companies' security measures to the test. Many Internet users have urged Chinese Internet companies to improve their data security since the incidents.
Lyu Lisheng, director of domestic Internet security firm Keen, said Chinese Internet companies would prefer to expand their user scale and market share first, while ignoring cyber security measures.
The opening event also released a report on Chinese netizens' cybersecurity awareness. According to Hong Jingyi, who surveyed 254,000 people, Chinese Internet users may fall victim easily to cyber attacks, online malwares and online security breaches.
The survey found that some 81 percent of netizens seldomly change their passwords, 76 percent use the same password for multiple online accounts while 44 percent use birthday and phone numbers as their passwords. In addition, some 16 percent use the most common passwords such as "123456" or "abcabc."
In terms of making transactions via public Wi-Fi, the report said 83 percent are vulnerable to be taken advantage of by hackers.
With China's new "Internet plus" strategy and encouragement for people to start their own business, cyber security is of ever more importance, said some experts.
"Without cyber security, there is no way the 'Internet Plus' strategy can be successful," said Li Yuxiao, a professor on Internet governance from Beijing University of Posts and Telecommunications.
[Editor: huaxia]
China Focus: China ramps up public cyber security awareness
&& && && && &&
BEIJING, June 1 (Xinhua) -- China on Monday officially kicked off its second Cyber Security Week, part of the country's effort to raise awareness amid growing Internet users and rising cyber attacks.
Jointly held by top state level departments, including the Cyberspace Administration of China (CAC), the ministries of education and public security, the event intends to help the public better understand Internet security risks and enhance their ability to protect themselves.
This year's event aims to cultivate cyber security awareness among teenagers in particular, said head of the CAC Lu Wei.
"Cyber security isn't just about national security and national development, but also concerns the immediate interests of every Internet user," he said.
Lu's words are in line with a recently released white paper on China's military strategy, which said "cyberspace has become a new pillar of economic and social development, and a new domain of national security."
He also urged the public to raise their cyber security awareness, voluntarily resist online pornography and groundless rumors and abide by the law on the Internet.
The week-long event came after a series of cybersecurity incidents and Internet service outages that stoked concern among the public about online data safety.
Alipay, China's largest online payment platform, reported anomalies on Wednesday, which were found to be linked to optical fiber glitch. The next day, , China's largest online travel agent, scrambled to fix a service outage problem after its website and mobile platform went down Thursday morning.
Though both companies claimed that no user data was compromised, the incidents still put Chinese Internet companies' security measures to the test. Many Internet users have urged Chinese Internet companies to improve their data security since the incidents.
Lyu Lisheng, director of domestic Internet security firm Keen, said Chinese Internet companies would prefer to expand their user scale and market share first, while ignoring cyber security measures.
The opening event also released a report on Chinese netizens' cybersecurity awareness. According to Hong Jingyi, who surveyed 254,000 people, Chinese Internet users may fall victim easily to cyber attacks, online malwares and online security breaches.
The survey found that some 81 percent of netizens seldomly change their passwords, 76 percent use the same password for multiple online accounts while 44 percent use birthday and phone numbers as their passwords. In addition, some 16 percent use the most common passwords such as "123456" or "abcabc."
In terms of making transactions via public Wi-Fi, the report said 83 percent are vulnerable to be taken advantage of by hackers.
With China's new "Internet plus" strategy and encouragement for people to start their own business, cyber security is of ever more importance, said some experts.
"Without cyber security, there is no way the 'Internet Plus' strategy can be successful," said Li Yuxiao, a professor on Internet governance from Beijing University of Posts and Telecommunications.CYBER SECURITY}