The Chinese challenge
The China Banking Regulatory Commission listed a wide range of activities as key points for rectification this year, including preventing banks from funneling funds into the stock market, the real estate industry, local government financing vehicles, or high-polluting and overcapacity industries that do not meet national industrial policies.
The Chinese Embassy is working with the Ontario Police Department and the tourism company back in the United States.
The Chinese and US economies are so inextricably intertwined that a blow to one would most likely make a dent in the other, too, said Bai Ming, deputy director at the International Market Institute of the Beijing-based Chinese Academy of International Trade and Economic Cooperation.
The China Securities Regulatory Commission (CSRC) said in a statement that it has begun to consult public opinion on the new rules that will combine the Qualified Foreign Institutional Investors (QFII) program and the RMB Qualified Foreign Institutional Investors (RQFII) program.
The China-proposed Belt and Road Initiative is also set to help fuel growth in the industry, boosting market and demand, she said.
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The Canton Tower in Guangzhou, Guangdong province. [Photo/VCG]
The China Securities Regulatory Commission published guidelines in March for the introduction of Western-style pension target funds. From April 11, 22 Chinese asset managers had applied for 43 pension target securities investment funds.
The Chinese currency kept its position as the world's fifth most active currency for domestic and international payments in June, despite its short-term weakening against a stronger US dollar, according to a monthly tracker from a global financial information platform.
The Chinese cruise ship, Nanhai Dream, arrived at the Xisha Islands on Thursday morning after sailing for about 13 hours, with more than 280 domestic tourists beginning their highly anticipated tour of the islands.