Revenue of the Local Governments The revenue of the local governments includes business tax, income tax of the enterprises subordinate to the local government, personal income tax, tax on the use of urban land, tax on the adjustment of the investment in fixed assets, tax on town maintenance and construction, tax on real estates, tax on the use of vehicles and ships, stamp tax, slaughter tax, tax on animal husbandry, tax on the occupancy of cultivated land, contract tax, 25% of the value added tax, 50% of the tax on stock dealing (stamp tax) and tax on resources other than the ocean petroleum resources.
Expenditure of the Local Governments The expenditure of the local governments includes mainly the administrative expenses and various operating expenses at the vel of local governments, the expenditure for capital construction and technological innovation with the funds raised by the local government, expenditure for supporting rural production, expenditure for city maintenance and construction and expenditure for price subsidies, etc.
Credit Funds refer to the funds issued as loans by banking institutions. The sources of credit funds of the banking institutions included deposits, liabilities to international financial institutions, currency in circulation, self-owned funds and current retained profits, etc. The credit funds can be used in forms of loans, gold, foreign exchange, government debt and assets in the international financial institutions.
Deposit is a form of credit by which enterprises, institutions, organizations or households can put money into banks and other credit institutions for safekeeping and interest earning under the principle of free withdrawal. According to different depositors, deposits are divided into enterprise deposits,treasury deposits, deposits of government agencies and organizations,capital construction deposits, urban savings deposits, rural deposits and other deposits. Deposits are major sources of the credit funds of banks.
Loan is a form of credit by which banks and other credit institutions provide funds at certain interest rate to enterprises and individuals in the light of the principle of unconditional repayment. Loans from Chinese banks include circulating capital loans, fixed assets loans, loans to urban and rural individuals engaged in industrial and commercial business and agricultural loans.
Amount Insured refers to the maximum that the insurant will get for the claim of the case insured.
Premium is the fee paid by the insurant to the insurer to obtain the obligation of compensation from the insurance within the agreed terms.
Settled Claim is the compensation paid by the insurer to the insurant in accordance with the insurance contract.
Payment includes payment for death, injury or medical treatment and mature payment. Payment for death, injury or medical treatment refers to the money paid to the insurant (or the beneficiary) in accordance with the life or health insurance contract when the insurant encounters accidents within the insured period covered in the contract. Mature payment refers to the mature payment to the insurant in accordance with the life insurance contract at the end of the insured period.
Basic Endowment Insurance
Number of people participating in the insurance program: by the end of reference period, number of staff and workers participating in the insurance program in line with national laws, regulations and related policies, including those who can not make regular payment or interrupt payment but not terminate the insurance program.
Basic Medical Care Insurance:
Number of people participated in the insurance program: refer to number of people participated in the basic medical care insurance program according to related regulation by the end of reference period, including: number of staff and workers and retired persons participated in this insurance program.
Number of people participated in unemployment insurance program: number of staff and workers in urban enterprises or institutions and other people according to local government regulations participated in unemployment insurance program in line with national law, regulations and related policies by the end of the reference period.