Economic Watch: China tightens crackdown on capital market violations
Xinhua, 07 July 2021
BEIJING, July 7 (Xinhua) — China has tightened crackdown on illegal activities in the securities market to promote the high-quality development of the country’s capital market.
Efforts to improve the securities legislation mechanism will be enhanced, and criminal punishment and market discipline will be strengthened, according to an official document jointly issued by the General Office of the Communist Party of China Central Committee and the General Office of the State Council. Continue reading “Article: Economic Watch: China tightens crackdown on capital market violations”
US Treasury says no major trading partner manipulates currency
Xinhua, 17 April 2021
WASHINGTON — The US Treasury Department on Friday said that no major trading partner of the United States meets the criteria as a currency manipulator, but Vietnam, Switzerland and China’s Taiwan will be under enhanced monitoring for their currency practices.
In its semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the Treasury Department concluded that Vietnam, Switzerland and Taiwan met all three criteria for enhanced currency analysis under the Trade Facilitation and Trade Enforcement Act of 2015 during the four quarters through December 2020. Continue reading “Article: US Treasury says no major trading partner manipulates currency”
China Hits Alibaba With Huge $2.78 Billion Fine For Market Abuse: Report
Agence France-Presse, 10 April 2021
Shanghai, China: Chinese regulators have hit e-commerce giant Alibaba with a massive 18.2 billion yuan ($2.78 billion) fine over practices deemed to be an abuse of the company’s dominant market position, state-run media reported on Saturday.
Xinhua news agency said the State Administration for Market Regulation had assessed the fine after concluding an investigation into Alibaba that began in December. Continue reading “Article: China Hits Alibaba With Huge $2.78 Billion Fine For Market Abuse: Report”