Ye Shibao, with the Etr Law Firm in Guangzhou, said: "Children enjoy civil rights, just like adults. Given that the red packet money belongs to the child, the father should transfer his son's money to the mother, who is the guardian, for her to manage on behalf of the boy."
YTO's founding couple, Yu Weijiao and his wife, are still the actual controllers of the firm with a more than 41 percent stake in the listed company.
Yan Minwen helps pupils do their homework at Xiguanzhuang village in Baoding, Hebei province, in August. [Jin Ke/For China Daily]
Yan pleaded guilty, and the court announced that the judgment would be handed down later.
Yang Yuanqing, chairman and CEO of Lenovo, said: "Our record results this quarter reflect our ongoing commitment to meeting the needs of the rapidly growing work-, learn- and play-from-home economy. All of our core businesses delivered year-on-year growth, while our Software and Services revenue grew to a new record."
Xu pointed out that government over-stimulus and poor corporate management and financial supervision were key factors leading to the rising leverage ratio.
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Yang suggested that railway departments and health officials should work together to determine who should be in charge of enforcing the smoking bans on trains.
Yan was last seen at noon on Feb 14 at King's College London by a friend.
Yang took 5 million yuan (0,000) from his own pocket to expand the bookstore from its original city centre 500 square meters to a new 1,600 square meter location in a quieter corner of the city beside Yangtze River.
Yan cited a number of supportive factors for reaching that goal, including China's low budget deficit ratio and government debt levels, sound fundamentals of the banking sector, declining corporate debt levels and plenty of policy tools that authorities can employ.