Tighter oversight of country s bond market to get underway By SHI JING in Shanghai and CHEN JIA in Beijing | China Daily | Updated: 2020-12-26 08:55 Share CLOSE An investor checks stock prices at a brokerage in Fuyang, Anhui province. [Photo by Lu Qijian/For China Daily]
Some basic rules, regulations have not properly addressed financial segment
More stringent regulations will be adopted to avoid major risks in the bond market, said central regulators.
Pan Gongsheng, deputy governor of the People s Bank of China－the central bank－said during a recent meeting that more efforts will be made to perfect the legal system of the country s bond market. The level of the rule of law will be further elevated, with zero tolerance for illegal acts.
By GlobalCapital
18 Dec 2020
In the final part of GlobalCapital China’s awards announcements, we reveal the year’s key innovation – and the individual who has made the greatest contribution to reforming and internationalising the onshore market.
MOST IMPRESSIVE MARKET INNOVATION
Coronavirus-prevention bonds
This year will go down in history for fundamentally changing the way people live and work, at least temporarily.
It was the year that international relations, healthcare systems, trust in governments and social bonds were tested. It will be the year to see the deepest global economic recession since the Second World War, and a year marked by extreme swings in the bond, commodity and stock markets globally.
New U.S. Visa Rules Prompt Scrutiny of CCP Members
The Pudong district of Shanghai, May 2018 (Franck Michel, https://flic.kr/p/PCRxyZ; CC BY 2.0, https://creativecommons.org/licenses/by/2.0/).
On Dec. 2, the State Department issued new restrictions on travel visas for members of the Chinese Communist Party (CCP) and their families. All CCP members will be restricted to single-entry visas, which are valid for a month. By contrast, other Chinese citizens may obtain multiple-entry visas that can last up to 10 years.
Even before the announcement, U.S. border officials had reportedly begun questioning Chinese airline crews and sailors sometimes for hours about whether or not they had CCP membership. Asked about the investigations, Chinese Foreign Ministry spokesperson Hua Chunying said, “We urge the U.S. side to immediately stop the erroneous acts, stop stoking ideological antagonism, and stop unjustified crack-down on China. If the U.S. side insists on escalating its provocative ac