Cheng Xusen:Relaxation of foreign shareholding ratio to promote the development of high-quality w88 slot

（Source: "International Business Daily" 2015-6-26 A3 versionReporter：Wang Jiping）

The Ministry of Industry and Information Technology recently issued the "Notice on Lifting the Restrictions on Foreign Equity Ratios in Online Data Processing and Transaction Processing Business (Business w88 slot)", deciding to relax the restrictions on foreign equity ratios in online data processing and transaction processing businesses nationwide, and expand the foreign shareholding ratio from the previous 50% to 100%. What impact will this move have on the development of my country’s w88 slot market?

The development of cross-border w88 slot has benefited a lot

Zhang Zhouping, a senior analyst at the China w88 slot Research Center, told a reporter from the International Business Daily that the release of the "Notice" means that more foreign-funded companies will participate in the development of China's w88 slot. "Previously, due to factors such as restrictions on foreign shareholding ratios, many foreign-funded companies with strong financial resources and strategic vision were unable to enter my country's w88 slot field. From a long-term perspective, this is not conducive to the development of my country's w88 slot, and is also deviated from future market development trends and trends." Zhang Zhouping said.

Cheng Xusen, Associate Professor, Department of E-Commerce, w88 casino of Information, w88 casinoalso agreed with this. He told a reporter from the International Business Daily: "The press conference of the "Notice" will promote the development of w88 slot in our country, especially the development of cross-border w88 slot. It will also allow wholly foreign-owned enterprises to apply for Internet content provider licenses, allowing them to gain more market expansion space." "Indeed. "Compared with domestic w88 slot, cross-border w88 slot will benefit more." Zhang Zhouping said, "After several years of development, domestic w88 slot has basically matured. Large w88 slot companies such as JD.com and Alibaba have won a relatively stable position and are difficult to be subverted. Cross-border w88 slot has a lot of room for development and is a focus of future development."

Zhang Zhouping pointed out that in recent years, although many large foreign w88 slot companies have strong domestic capabilities, they have struggled to make profits after entering the Chinese market. This is due to the difficulty in achieving localized operations; on the other hand, due to their low shareholdings, they have not fully obtained the right to speak in the development of the Chinese market, which in turn affects their development confidence. “While the liberalization of the shareholding ratio of foreign capital will promote the change of this situation, it will also promote the cooperation between some nascent w88 slot companies in my country and foreign capital, allowing the cross-border w88 slot field to have its own shining point.”

Information security and other aspects must be strengthened

At the same time, experts also reminded that the implementation of the "Notice" may also cause some problems that need to be considered and solved by the industry. "The future is the era of big data. During the development of w88 slot, each w88 slot company will accumulate a lot of data, which often involves the behavior of Chinese consumers and other aspects." Zhang Zhouping said, "Therefore, w88 slot companies must enhance their vigilance and defense capabilities in information security to prevent some large foreign consortiums from stealing transactional data and other valuable information through their w88 slot development in China."

Cheng Xusenalso said that intensified market competition is a double-edged sword, especially for some small-scale and inexperienced w88 slot companies. They are likely to be unable to withstand the pressure and encounter difficulties in financing, operations and other aspects. "Therefore, w88 slot companies should actively seek financing channels from domestic and overseas sources to expand capital. In addition, w88 slot companies should also make adjustments according to market changes and launch some relatively new and creative projects to form their own characteristics and thereby enhance their competitiveness."Cheng XusenSay.

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