Technology

CGTN: 20th CPC National Congress: China’s rule of law underpins justice for the people

Published

2 years ago

October 20, 2022

BEIJING, Oct. 20, 2022 /PRNewswire/ — The advancement of law-based governance has become one pillar of China’s four-pronged comprehensive strategy for building socialism with Chinese characteristics since 2012.

In a report delivered at the opening session of the 20th National Congress of the Communist Party of China (CPC) on Sunday, Xi Jinping mentioned the term of “rule of law” 23 times, highlighting the importance the Party has attached to the sector.

“We must work to ensure that the people feel fairness and justice prevail in every judicial case,” Xi said.

People come first

On May 28, 2020, over 2,000 deputies to the 13th National People’s Congress, the country’s top legislature, at the Great Hall of the People in Beijing broke into long applause as the Civil Code was adopted.

Hailed as “a declaration of the people’s rights in the new era” and dubbed “an encyclopedia on social life,” the law protects Chinese citizens’ rights from cradle to grave.

China has also put in place a legal Great Wall to safeguard national security. It passed laws and regulations including the Anti-Foreign Sanctions Law in 2021 and adopted countermeasures against extraterritorial application of foreign legislation.

By the end of September 2022, China had 293 laws and 598 administrative regulations in effect, with more than 13,000 regional regulations, said Yin Bai, deputy secretary-general of the Commission of Political and Legal Affairs of the CPC Central Committee, at a briefing held by the Press Center for the 20th CPC National Congress in Beijing on Wednesday.

Over the past decade, 159 Party regulations have been enacted or revised, Yin said.

Solid achievements have also been made in judicial system reform. For instance, in terms of judicial transparency, China has made public not only court proceedings and judgments, but also trial procedures and the execution of effective judgments; not only the final verdict but also the reasons for the verdict.

The public can access such information not only through media outlets, official websites, white papers and press conferences, but also via 12368 service line and relevant social media platforms such as WeChat and Weibo accounts.

China has also been promoting the reform of the criminal procedure system with a focus on court proceedings and strictly adhering to the principles of legality, evidence-based verdicts and presumption of innocence.

The pre-trial detention rate for criminal cases dropped to 28.3 percent in the first nine months of 2022 from 69.7 percent in 2012, said Tong Jianming, first deputy prosecutor general and deputy secretary of the Party Leadership Group of the Supreme People’s Procuratorate.

“This has shown the solid progress in advancing the judicial system,” said Tong.

A rule of law government

As an ancient Chinese saying goes, “Strict implementation of laws leads to order, while lax implementation of laws leads to disorder.”

In an outline for the implementation of a rule of law government (2021-2025) issued in August 2021, China highlighted the importance of improving systems of exercising oversight over administrative powers, and called for greater transparency.

China will build a government that is open, impartial, clean, efficient and honest, with properly defined functions, statutory powers and responsibilities, and strict law enforcement, according to the outline.

Speaking on the “Rule of Law in China over the Past Decade” in July, Huang Wenyi, dean of the Renmin University of China Law School, said China had prioritized the reforms to streamline administration and delegate power, enhance regulation and upgrade government services.

The State Council, for instance, has canceled or delegated to the lower levels 47 percent of administrative approval items and cut 71 percent of intermediary services for administrative approval, said Huang.

“These reforms have, to a large extent, lifted the curbs on companies, resolved concerns for the people, and freed up space for the market. They’ve also helped make a cleaner government, and unlock market vitality and public creativity,” he said.

‘One of the safest countries’

At Wednesday’s briefing, Xu Ganlu, vice minister of public security and head of the National Immigration Administration, said China has one of the lowest rates of homicide, criminal offenses and gun-related crimes in the world.

According to a survey conducted by the National Bureau of Statistics in 2021, about 98.6 percent of respondents said they felt safe living in the country, an increase of 11 percentage points compared with 2012.

Citing the data, Xu said, “China is now widely recognized as one of the safest countries in the world.”

https://news.cgtn.com/news/2022-10-19/CPC-congress-China-s-rule-of-law-is-serving-justice-to-serve-people-1efRJnbfn6o/index.html

SOURCE CGTN

Technology

XTransfer and OCBC Jointly Announce Comprehensive Partnership

Published

57 minutes ago

December 23, 2024

“Global Multi-Currency Accounts” Empowers SMEs with New Market Opportunities

SHANGHAI, Dec. 23, 2024 /PRNewswire/ — XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and OCBC, the second largest financial services group in Southeast Asia, jointly announced the comprehensive partnership. OCBC China will leverage the OCBC Group’s extensive regional network and resources in its key markets of Singapore, Hong Kong SAR, Malaysia and Indonesia to collaborate with XTransfer to provide small and medium-sized enterprises (SMEs) engaging in international trade with one-stop innovative cross-border financial solutions, including payment, FX, risk control and wealth management. The Memorandum of Understanding was signed on 18 December 2024 by Bill Deng, Founder and CEO of XTransfer, and Ang Eng Siong, CEO of OCBC China.

Bill Deng, Founder and CEO of XTransfer, stated, “This collaboration marks a significant milestone for XTransfer, greatly enhancing our global payment capabilities. By leveraging OCBC’s extensive global payment network, XTransfer saves a substantial amount of market costs and accelerates our business expansion in Southeast Asia, saving on local expansion efforts. XTransfer looks forward to expanding its business with OCBC in the future in a variety of areas, including wealth management and lending, and is looking forward to working with them to capture the vast opportunities in Greater China and ASEAN.”

Ang Eng Siong, CEO of OCBC China, said, “OCBC uses Singapore and Hong Kong as our twin-hubs, radiating out to Greater China and ASEAN regions. XTransfer’s business development plans in these areas align closely with our network layout. As XTransfer’s global account manager, OCBC China will support XTransfer and its clients in facilitating cross-border settlements through close collaboration with various business subsidiaries of the group. This will help meet the growing demand for cross-border development and business growth, helping them achieve their aspirations in Greater China and ASEAN.”

XTransfer and OCBC collaborate in several areas of cross-border business. In particular, XTransfer leverages the strong banking networks and service capabilities of OCBC to offer its customers the “Global Multi-Currency Account” provided by OCBC Hong Kong, allowing clients to make payments and collect funds globally. The Global Multi-Currency Account supports not only major currencies, such as the Renminbi, US Dollar, British Pound, Euro, etc., but also currencies from ASEAN and various countries and regions. This will benefit SMEs in foreign trade settlement in the corresponding countries and enhance global cross-border trade efficiency. The partnership will provide XTransfer’s over 550,000 clients and their buyers with more payment and collection options. Additionally, clients can make payments and collect funds through CHATS or FPS, the local clearing network in Hong Kong, offering convenience similar to local bank transfers.

In recent years, trade exchanges between China and ASEAN have become increasingly close. According to data from XTransfer, from January to September 2024, the amount received by small and medium-sized foreign trade enterprises on the XTransfer platform from ASEAN grew by 80% compared to the previous year. The partnership between XTransfer and OCBC will address this growth in international trade by SMEs, and help them capture opportunities in trade and capital flow between China and ASEAN.

XTransfer continues to build its global payment infrastructure for foreign trade through partnerships with renowned international banks and financial institutions. This partnership with OCBC brings XTransfer a new upgrade in its global payment infrastructure, offering substantial benefits to global cross-border traders. By utilising the Global Multi-Currency Account provided by OCBC Hong Kong, buyers can easily make payments in various currencies to overseas suppliers and collect funds from worldwide customers. This partnership is expected to enhance cross-border trade by significantly broadening the payment methods and scope for SMEs.

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SOURCE XTransfer

Technology

TECHTRONIC INDUSTRIES JOINS THE UN GLOBAL COMPACT

Published

57 minutes ago

December 23, 2024

DEMONSTRATES TTI’S COMMITMENT TO SUSTAINABLE PRODUCTS AND PRACTICES

FORT LAUDERDALE, Fla., Dec. 23, 2024 /PRNewswire/ — Global cordless power tool, outdoor power equipment and floorcare company Techtronic Industries Co. Ltd. (“TTI” or the “Company”) (stock code: HK:0669, ADR symbol: TTNDY) today announced that it has joined the United Nations Global Compact, reaffirming its dedication to sustainability and social responsibility. With over 25,000 signatories in over 160 countries, the UN Global Compact is the world’s largest voluntary corporate sustainability reporting initiative. By joining, TTI is committing to communicating its progress to stakeholders annually through our ESG Report and UN Global Compact’s website.

TTI’s CEO Steve Richman remarked: “As the industry pioneer in lithium-ion battery-powered, energy efficient power tools and outdoor power equipment, TTI’s commitment to sustainable products and business practices has long been a fundamental part of the way we do business. We began publishing ESG reports in 2015 and we aligned our goals and targets with the UN Sustainable Development Goals in 2018. Every year we make progress in areas including safety solutions, noise reduction, supply chain traceability, decarbonization, and governance. While we have demonstrated our commitment, by joining the UN Global Compact, we have officially aligned our sustainability strategy with the Ten Principles in the areas of human rights, labor, environment, and anti-corruption.”

As part of TTI’s ongoing sustainability efforts, our objective is to implement initiatives that deepen our support of the UN’s Sustainable Development Goals (SDGs) while fostering an inclusive and equitable workplace culture. We are dedicated to advancing our sustainability journey, setting measurable goals, and continuously monitoring our progress.

Learn more about TTI’s efforts by reading our latest ESG publications here. Our 2024 ESG report will be published in March 2025.

About TTI

Techtronic Industries Company Limited (“TTI” or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 50,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina).

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Company. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.

View original content:https://www.prnewswire.com/news-releases/techtronic-industries-joins-the-un-global-compact-302338242.html

SOURCE Techtronic Industries Co. Ltd.

Technology

New 2025 ezPaycheck Paycheck Payroll Software Is Now Available from Halfpricesoft.com

Published

57 minutes ago

December 23, 2024

REDMOND, Wash., Dec. 23, 2024 /PRNewswire/ — Halfpricesoft.com has just announced the release of 2025 ezPaycheck payroll software for support for small businesses, freelancers, and sole proprietors as well as many other clients. The new ezPaycheck includes 940, 941, W2 and W3 forms and 2025 tax tables.

Clients can still acquire the 2024-2025 bundle version at a cost reduction for a limited time. For those utilizing the 2024 ezPaycheck please note:

Do NOT install this new version before you complete 2024 paychecks. ezPaycheck 2025 installation will update the tax tables. With ezPaycheck 2025, you can still access your 2024 paychecks, view reports and print 2024 W2 forms.

Dr. Ge stated, “The software, ezPaycheck 2024 and 2025 is still available for purchase to those clients that need to process year-end tax forms.”

Priced at just $169 per installation for a single installation of 2025 ezPaycheck software. The bundle 2024-2025 version is $199 for a limited time. ezPaycheck payroll software is affordable for any business. With paycheck software, business owners can easily calculate taxes, deductions, and other payroll-related tasks. Potential clients are welcome to download ezPaycheck free demo version with no obligation and no risk at halfpricesoft.com

Despite its cost and ease of use, Accountants, CPA and Tax Professionals should not assume ezPaycheck 2024 runs short on features. ezPaycheck 2025 is packed with all the features a business needs to run payroll quickly and easily, including:

Supports daily, weekly, biweekly, semimonthly and monthly payroll periods. Features report functions, print functions, and pay stub functions.Automatically calculates Federal Withholding Tax, Social Security, Medicare Tax and Employer Unemployment Taxes.Includes built-in tax tables for all 50 states and the District of ColumbiaEasily calculates differential payPrints miscellaneous checks as well as payroll calculation checksPrints payroll checks on blank computer checks or preprinted checksCreates and maintains payroll for multiple companies, and does it simultaneouslyPrints Tax Forms NEW 943 Form, 940, 941, W2, and W3 (Copy A preprinted form required)Supports multiple accounts at no additional chargeSupports network access to share data from different computers and locations (additional cost)30 day no cost trial. No registration required and absolutely no obligation

ezPaycheck is compatible with Windows 11, 10, 8, 7, and other Windows systems. We also sell a MAC version separately.

ezPaycheck payroll software is affordable for any size business. Customers seeking a way to simplify payroll processing with more accuracy to start the no-obligation 30-day test at https://www.halfpricesoft.com/index.asp

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, accounting software, 1095 form software, and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers and will help US Business owners simplify payroll processing and streamline business management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-2025-ezpaycheck-paycheck-payroll-software-is-now-available-from-halfpricesoftcom-302332837.html

SOURCE Halfpricesoft.com