Law plays a different role in China's financial system than in most developed economies. China's financial system is dominated by a large banking sector. The role of the stock market in allocating resources in the economy has been limited and ineffective. The most successful part of the ...
Law plays a different role in China's financial system than in most developed economies. China's financial system is dominated by a large banking sector. The role of the stock market in allocating resources in the economy has been limited and ineffective. The most successful part of the financ...
Over the past year, China’s economy was impacted by Covid-19 and other domestic and international factors beyond our expectations. However, under the strong leadership of the Party Central Committee, we carried out Covid-19 response and pursued economic and social development in an effective and...
China is an important counterexample to the findings in the law, institutions, finance, and growth literature: Neither its legal nor financial system is well developed, yet it has one of the fastest growing economies. While the law–finance–growth nexus applies to the State Sector and the List...
Society› Crime & Law Enforcement Financial crimes in China - statistics & facts As the second largest economy and the most populous country in the world, China faces high risks of financial crimes, which are becoming increasingly international and high-tech oriented. Financial crimes, including ...
Financial supervision should be more forward-looking, precise, effective and better coordinated to eliminate any gaps or blind spots. Chaos in the financial market should be rectified, while law violations should be severely punished to effectively protect the legitimate rights and interests of financial...
The legislature will also formulate the tariff law, and enhance the foreign-related provisions in existing laws to continuously improve the business environment, he added. Overall, the favorable conditions for China's development outweigh the unfavorable factors, Lou said, adding that the fundamental ...
China on Thursday officially launched the international reinsurance board in Shanghai, according to the country's financial regulator and Shanghai municipal government during the forum. Meanwhile, the local arm of the China Banking and Insurance Regulatory Commission and the financial regulatory administrat...
Mao Ning: Recently, the Canadian side sanctioned Chinese personnel citing so-called human rights violations. In accordance with the Law of the People’s Republic of China on Countering Foreign Sanctions and for the purposes of safeguarding national sovereignty, security, and development interests and ...
Chapter I General Provisions Article 1 These Regulations are formulated with a view to facilitating the smooth implementation of the Law of the People's Republic of China on Chinese- Foreign Equity Joint Ventures (hereinafter referred to as the Law on Chinese-Foreign Equity Joint Ventures)。