2021-05-07 13:30:09 GMT2021-05-07 21:30:09(Beijing Time) Xinhua English
Li Zhanshu, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, chairman of the National People's Congress (NPC) Standing Committee, and secretary of its leading Party members group, attends a gathering to hear a report on studying the history of the CPC in Beijing, capital of China, May 7, 2021. The leading Party members group of the Standing Committee of the NPC on Friday attended the gathering. (Xinhua/Zhang Ling)
BEIJING, May 7 (Xinhua) The leading Party members group of the Standing Committee of the National People s Congress (NPC) on Friday attended a gathering in Beijing to hear a report on studying the history of the Communist Party of China (CPC).
2021-05-06 12:36:07 GMT2021-05-06 20:36:07(Beijing Time) Xinhua English
HONG KONG, May 6 (Xinhua) The efficiency of Hong Kong s legislature has improved significantly with the passage of 16 bills in the current legislative year, Matthew Cheung, chief secretary for administration of the Hong Kong Special Administrative Region (HKSAR) government, said Thursday.
The HKSAR government has always respected the Legislative Council (LegCo) and attached great importance to its relationship with the legislature, Cheung said at a LegCo meeting.
However, the LegCo used to be plunged into chaos and unable to perform its constitutional functions well due to the filibusters and disruptive activities of some lawmakers, he said.
Public in HK gets details of legal changes By GANG WEN | CHINA DAILY | Updated: 2021-05-04 07:33 Share CLOSE Photo taken on July 14, 2020 shows the Golden Bauhinia Square in Hong Kong, July 14, 2020. [Photo/Xinhua]
Electoral improvements crucial to stability, attraction of political talent
Hong Kong government officials and political heavyweights recently explained the city s new law and recent policy changes on different platforms to help to make sure the local and international communities better comprehend them.
Since late April, Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor has hosted a 40-episode talk show, Get to Know the Election Committee Subsectors, to explain the ongoing electoral reform. The show airs on broadcaster RTHK and the internet.
ISDA derivatiViews: A Netting Milestone In China Date
04/05/2021
For the past 35 years, ISDA has consistently advocated for the enforceability of close-out netting as an indispensable foundation for safe and efficient derivatives markets. Every country that recognizes netting in its domestic legislation represents a positive step forward, but the draft legislation that has been tabled in China is a seminal milestone.
On April 29, the Standing Committee of the National People’s Congress of China published a draft Futures Law for public consultation. Among its provisions, the draft bill appears to explicitly recognize netting enforceability in over-the-counter (OTC) derivatives, which would enable counterparties to close out transactions and calculate a net amount payable in the event of a default. It also expressly states that close-out netting cannot be invalidated or revoked because a party has entered bankruptcy proceedings.
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