[BEIJING] The cost of breaking China's capital market rules is still low, and the country should be tougher on those who violate them, according to an official at the China Securities Regulatory Commission.
The securities regulator issued a record 10.3 billion yuan in fines last year, but penalties should still be higher, Yan Qingmin, vice chairman of the commission, said in Beijing on Saturday. It also needs to move ahead with the development of the economy, and be careful not to fall behind or skip ahead, he said.
The issue has become increasingly important for global investors and securities firms as they gain unprecedented access to China's stock and bond markets. China should increase financing through the capital market, Mr Yan said, adding that banks are still core to fundraising.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill introduced to deter China in South China, East China SeasWASHINGTON - Republican Senator Marco Rubio and Democratic Party Senator Ben Cardin on Thursday (May 23) formally reintroduced the South China Sea and East China Sea Sanctions Act, that would 'impose sanctions against Chinese individuals and entities that participate in Beijing's illegitimate activities to aggressively assert its expansive maritime and territorial claims in these disputed regions.'. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US ambassador on Tibet visit urges China to talk to the Dalai LamaBEIJING (REUTERS) - China should hold talks with Tibet's spiritual leader, the Dalai Lama, US Ambassador to China Terry Branstad told Chinese officials during a trip to the Himalayan region where he criticised Beijing for interfering in religious freedom.. Read more at straitstimes.com. America has accepted the Chinese occupation of FreeTibet for some silverpieces. Begging for a talk is simply poor. Currently to many open fires & playing powerful cards halfhearted. Congress must stop soapopera style policy SpeakerPelosi & senatemajldr or losing all
Source: The Straits Times - 🏆 8. / 63 Read more »
US envoy calls for Beijing 'dialogue' with Dalai LamaBEIJING: The US ambassador to China has called on Beijing to open a 'substantive dialogue' with the Dalai Lama in remarks made this week during a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
3 Chinese airlines seeking Boeing compensation over 737 MaxBEIJING (AP) — China is stepping up pressure on Boeing Co. as its airlines demand compensation for the grounding of 737 Max jetliners after fatal crashes in Ethiopia and Indonesia.
Source: YahooSG - 🏆 3. / 71 Read more »
Singapore and China reaffirm ties, importance of rules-based trading systemBEIJING: Singapore and China have reaffirmed their strong bilateral relations and the importance of maintaining a rules-based multilateral trading ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China will treat businesses equally, continue to uphold free trade: Li KeqiangBEIJING: China will always treat all businesses registered in the country as equals, said Chinese Premier Li Keqiang as he reiterated Beijing's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says US needs to fix 'wrong actions' as Huawei ban rattles supply chainsBEIJING: China said the United States needs to correct its 'wrong actions' in order for trade talks to continue after it blacklisted Huawei, a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Fears rise China could weaponise rare earths in US tech warBEIJING: The US has hit China where it hurts by going after its telecom champion Huawei, but Beijing's control of the global supply of rare earths ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China to prosecute former chairman of luxury liquor maker for graftBEIJING: China will prosecute the former deputy party secretary and chairman of luxury liquor maker Kweichow Moutai, the ruling Communist Party's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Canada lawmakers in China to press for detainees' releaseOTTAWA: Prime Minister Justin Trudeau vowed on Tuesday (May 21) to keep the pressure on Beijing as a Canadian parliamentary delegation in China ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Returning Lippi knows scale of China challengeHONG KONG: Slumped in his pitch-side seat at Abu Dhabi's Mohamed bin Zayed Stadium, Marcello Lippi carried the air of a man defeated long before ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »