Site Search :
查查英汉在线翻译
Newsmore
·China Inaugurates Confucius Institute U.S. Center in Washington
·
Rising Logistics Demand amid Warming Economy
·Chinese President Meets Olympic Chief Thomas Bach
Culturemore
·Coffee in Paradise
·Shen Yaoyi’s Long March Classic Fetches US $6.4 Million
·Exploring the Deep Sea
Tourismmore
·Daya Bay Pearl of the South China Sea
·Riverside Romance in Central Anhui
·Into the Wild – Hiking through Qizang Valley
Economymore
·Chinese Economy: On the Path of Scientific Development
·China's Economy over the Last Ten Years
·Private Investment Encouraged to
Promote Mixed Ownership Economy
Lifemore
·The “Nationwide Sport System” Needs Urgent Reform
·The Change One Man Can Make
·On the Pulse of the National Economy
Around Chinamore
·Guizhou Mapping Out Its Road Network – An Interview with Cheng Mengren, Transport Chief of the Guizhou Provincial Government
·Innovative Nanchang
·Scientists Uncover Causes of Mass Extinction in the Ashes
Life  

China Offers Detailed Definition on Illegal Lotteries

 

China has clearly defined illegally issued and sold lotteries in a package of detailed rules on lottery management, which is set to take effect from March 1.

Illegal lotteries include those, other than welfare and sports lotteries, issued and sold without the approval of the State Council, as well as overseas lotteries issued and sold in China without authorization, according to the rules jointly released by the ministries of finance and civil affairs and the General Administration of Sport.

They also refer to welfare and sports lotteries and lottery games issued and sold without the approval of the Ministry of Finance (MOF) and those without the commission from lottery issuance and sales agencies.

Clear definitions will help to more effectively crack down on illegal lotteries and further promote the sound development of the country's lottery market, according to a statement posted on the MOF website after the rules were released.

The rules also urge government agencies above the county level, including finance, civil affairs, sports, and lottery issuance and sales agencies, to cooperate with public security departments, as well as industry and commerce administrations, in investigating illegal lotteries.

Moreover, the rules stipulate that unclaimed lottery prizes will be transferred by lottery sales agencies to provincial-level governments as part of local governmental funds.

It is hoped that such stipulations will better benefit lottery ticket buyers and encourage local governments to support the development of the lottery market, according to the statement.

In 2011, lottery sales amounted to 221.5 billion yuan (about 35.2 billion U.S. dollars) in China and 63.4 billion yuan was received as public welfare funds, official statistics show.

 

Source: Xinhua

VOL.59 NO.12 December 2010 Advertise on Site Contact Us