Month: February 2019

Alipay updates anti-fraud functionsscans a quick response

Alipay, the country’s top mobile payment platform, announced on Tuesday a major anti-fraud u

pgrade on its application by teaming up with 26 public security departments nationwide.

The new function, dubbed “Security Guard”, allows users to set up related accounts among f

amily members or close friends. Should any abnormalities on transactions occur, the system would send

out alerts to all related accounts in order to prevent the fraud from materializing and minimize loss of funds.

“Security is the lifeline of Alipay, and we hope to fight fraud in a manner as harsh as dru

nk driving,” said Rui Xiongwen, vice-president of Ant Financial, Alipay’s parent company.

Alipay users can choose to delay payment for two hours or 24 hours and raise an alert

on the platform if they deem such transactions potentially misdirected or fraudulent.

The system has been linked to local public security authorities to help freeze any transaction

s in doubt. The money will be credited back to the user’s account if authorities determine fraud has been committed.

A number of local anti-fraud centers in cities like Beijing, Shanghai and Shenzhe

n also pledged to cooperate with Alipay on financial security education and anti-fraud alarming systems.

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driven breakthroughs. Although among the two, the Huawei

Mate X is more practical than Galaxy Fold because the latter is folded inward to lower the risk of br

eaking apart while falling down, which is not so useful when breaking-glass insurance is popular.

More importantly, the “new” foldable smartphones are hardly of any pr

actical use. Of course, one can easily double the display of the foldable smartphone by un

folding it so it has the size of an iPad, but that’s all. In plain words, the foldable display enables users to combine a tablet an

d a smartphone into one. There might be more uses in the future, but at least not for now.

When touchable displays for smartphones was invented, they did not get popularized until certain apps that suit

ed touchable displays only, such as Fruit Ninjia, gained popularity. Now foldable smartphones faces a similar pr

oblem. Only when apps that suit the foldable smartphones are developed will the phones be truly accepted by the market.

Wu Shuyuan, a senior analyst at Sigmaintell, a company specialized in display analysis

Samsung Fold and Huawei Mate X are both foldable smartphones, but they differ greatly in terms of des

ign. The former is folded inward while the latter is folded outward, and each has its advantages and disadvantages.

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Premier financial magazine bullish on Chinese stocks market

Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak

ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin

ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&

P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.

Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen

stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai

n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.

The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.

China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co

untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

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he eclectic nature of the winners — including several surprises

  seemed indicative of what was already deemed one of the most wide-open races i

n years, given the lack of consensus among guild awards leading up to Sunday’s event.

  Perhaps no surprise came bigger than best actress, as “The Favourite’s” Olivia Colman upset

seven-time nominee Glenn Close, who had marched through awards season with enough victories to m

ake her a presumptive favorite. (Colman, in an emotional speech, practically apologized to Close for wi

nning.)s for politics, a recurring theme involved the Trump administration’s immigration polices, including an early jo

ke from Maya Rudolph that among the things that wouldn’t be happening during the telecast, “Mexico is not paying for the w

all.” For his part, Malek referenced being a first-generation American, the son of Egyptian immigrants.

  Still, the most overt and rousing rejoinder belonged to Spik

e Lee — a winner for adapted screenplay for his movie “BlacKkKlansman” — who pointed to

the 2020 election, urging people to “be on the right side of history. Let’s do the right thing!” Congressman and civil-rig

hts icon John Lewis also received a prolonged ovation, introducing “Green Book.”

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The Academy of Motion Picture Arts and Sciences endu

  red a series of missteps leading up to the telecast, beginning with the proposal to introduce a “popular film” category. That id

ea was quickly scuttled, as was a subsequent plan to move four awards into the commercial breaks to help st

reamline the ceremony, which prompted a rebellion from Academy members.

  In between, Kevin Hart was chosen to host the awards, before the resurfacing of homophobic socia

l-media posts prompted the comic to withdraw. After a period of confusion, it was finally co

nfirmed the awards would be mounted without a host, the first time that’s happened in 30 years.

  Much of the tumult surrounding the 91st annual Oscars can be traced back to la

st year’s awards — and more specifically, a precipitous ratings decline, fall

ing to an all-time low. Shortening the ceremony to three hours, or close to it, has been among the solutions that host net

work ABC has advocated as a means of stopping the bleeding from a Nielsen standpoint.

7893396.cn

Controversial Serena Williams cartoon ruled not to have br

  A widely criticized Australian newspaper cartoon showing tennis legen

d Serena Williams jumping up and down next to a broken racket and a pa

cifier which she had spat out was not racist, according to the country’s media watchdog.

  The Australian Press Council ruled that the drawing, published by Murdoch group newspaper the Hera

ld Sun, did not breach Australia’s press standards and instead was capturing Williams’ “on-co

urt tantrum” at the 2018 US Open final “using satire, caricature, exaggeration and humor.”

  The cartoon was published shortly after the bad-tempered final, in which Wi

lliams had a dispute with the umpire over his allegedly sexist treatment. The pr

ess watchdog received a number of complaints about the image, which drew international condemnation.

  The press council said the newspaper “was depicting the moment when, in a high

ly animated tantrum, Ms Williams smashed a racquet and loudly abused the ch

air umpire, calling him a thief, a liar and threatening that he would never umpire her matches again.

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Xi stresses role of finance in serving real economyBEIJING

general secretary of the Communist Party of China (CPC) Central Committee, underscored that China should deepen supply-side

structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

Xi made the remarks when presiding over a group study session of the CPC Central Committee Political Bureau Friday afternoon.

The country should keep a fine balance between maintaining growth and forestalling risks and deal with risks in key areas

in a targeted and effective manner, he said, adding that China should deepen opening-up of the financial sector.

Xie Duo, Party secretary and chairman of Silk Road Fund Co., Ltd, briefed on the issue and made suggestions.

Xi pointed out that finance is a core competitiveness of a country, financial security is an im

portant part of national security, and the financial system is a major fundamental system in the process of economic and social development.

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i said preventing and defusing financial risks, especially

  systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina

ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.

  He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.

  Education and supervision of senior officials of financial institutions and regulators sh

ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.

  He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.

  Xi said tasks for the reform and opening-up of the financial sector should be well implem

ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on

the latest development of global economy and finance as well as the strategic needs of China.

  Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr

oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.

  He said those causing major financial risks due to their breaches such as lax regula

tion, cover-ups or decision-making failures must be held accountable and face serious punishment.

  Efforts should be made to address the current situation where the costs of legal and

regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.

  Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe

r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.

www.qiancengdian.cn

Mine accident leaves 21 dead, 29 hurt in Inner Mongolia

  An accident at a coal mine in Inner Mongolia that claimed 21 lives and injured 29 was c

aused by a brake glitch that forced a vehicle to go out of control and hit a ramp, according to local authorities.

  The accident occurred at about 8:20 am on Saturday at a mining company in North

China’s Inner Mongolia autonomous region, when a vehicle was transporting 50 workers to the mine.

  The cause of the accident is under investigation. All 29 injured were rushed to hospital and were in stable condition.

  Fu Jianhua, vice-minister of emergency management, arrived at Inner Mongolia

at 22:00 pm on Saturday with a team to supervise the rescue and investigation work.

  An emergency center which included four working teams for medical service, security and safety was set up.

qiancengdian.cn

A nun just read the riot act to Catholic bishops over clergy sex

  Sister Veronica Openibo, a Nigerian-born nun, is one of only three women to address an unprecedented Vatican summit on clergy sexual abuse.

  She did not waste the opportunity.In clear, direct and unsparing language, Openibo challenged the church’s cult

ure of silence on sexual issues and said priests are too often put on pedestals. Openibo also criticized the pr

actice of letting elderly clergy who had abused children retire quietly with their pension and good names in place.

  ”Let us not hide such events anymore because of the fear of making mistakes,” Openibo said after reading a searing summ

ary of abuse cases she has heard about during her work on sexual education in Nigeria.

  ”Too often we want to keep silent until the storm has passed! This storm will not pass by. O

ur credibility is at stake.”Sister Veronica Openibo stands next to Chicago Archbishop Cardinal Blas

e J. Cupich, left, and Father Tomaz Mavric as they wait for the Pope’s arrival at the beginning of the third day of a Vat

ican’s conference on clergy sex abuse.
At one point, Openibo appeared to look toward Pope Francis, who was sitting on the

dais to her right, when calling for a policy of “zero tolerance” toward clergy who abuse children.

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