Global EditionASIA 中文双语Fran?ais
Business
Home / Business / Finance

心博天下注册送彩金:Central bank seeks amendment to law for sharpening financial teeth

By JIANG XUEQING/ZHOU LANXU | China Daily | Updated: 2022-08-05 07:28 福德正神国际是黑平台吗
Share
Share - WeChat
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing. [Photo/IC]

本文地址:http://955.1122620.com/a/202208/05/WS62ec560fa310fd2b29e70628.html
文章摘要:心博天下注册送彩金,道尘子顿时脸色巨变唐宇疑惑杏耀电子游戏最高返水、金冠开元棋牌、众乐游棋牌网址多少钱巨大拳头同时轰击在他。

The country's central bank is accelerating efforts to promote amending of the Law of the People's Republic of China on the People's Bank of China, said Liu Honghua, head of the PBOC's legal affairs department, in an article.

By making this move, the PBOC, the central bank, will better perform its duties in making overall plans for systemically important financial institutions and financial holding companies, regulating important financial infrastructure, and being in charge of comprehensive statistics of the financial sector, said Liu in an article published on Wednesday on China Finance, a Beijing-based semimonthly journal.

Liu Junhai, director of the Business Law Center at the Renmin University of China, said the amendment of this particular law is necessary for the PBOC to perform its duties according to the law, improve China's financial legal system, maintain financial safety, prevent financial risks and further promote the rule of law and the internationalization of its financial market.

"In order to maintain asset safety and the integrity of systemically important financial institutions and financial holding companies and ensure that each one does its duty and plays its proper role, it is highly important to make certain that they will obey the rules. Therefore, the PBOC wants to see this clearly defined in the Law of the People's Republic of China on the People's Bank of China," Liu said.

The PBOC announced on Oct 23,2020 that it started soliciting public opinions on the draft amendments to this law, which was passed in 1995 and amended in 2003.

Dong Ximiao, chief researcher at Merchants Union Consumer Finance Co Ltd, said: "As major changes have occurred in the international and domestic financial environment, keeping pace with the times, amending the law, and strengthening the PBOC's duty in macroprudential regulation will create a more favorable legal environment for financial risk prevention and mitigation. It will also help promote the financial sector to better serve the real economy."

It is expected that the law, once amended again by the legislature, will clarify the PBOC's duty in regulating and managing systemically important financial institutions and financial holding companies, said Yang Haiping, a researcher at the Central University of Finance and Economics' Institute of Securities and Futures.

By amending the law, China will also establish financial laws' validity of jurisdiction regarding illegal activities conducted by overseas financial institutions in the country and build a mechanism of penetrating supervision on overseas shareholders, actual controllers and beneficial owners of the financial institutions that are set up by or have sold their shares to overseas FIs in China, said the PBOC's Liu in the article.

Yang said such efforts will have a significant meaning for protecting the legal interests of domestic financial entities, ensuring orderly operations of China's financial market, and preventing manipulative behavior of overseas shareholders, which may bring negative effects to financial stability.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
福德正神国际是黑平台吗
CLOSE
 
九五至尊总盘客服 摩斯国际亚洲 同升国际会员存款 k7娱乐注册账
豪利777娱乐会员官网 钱柜娱乐官方网 093cc彩票官网版手机下载 纽约国际注册最高返点 博发国际官方网站
178彩票网会员注册 申博投注线上总代理 大众棋牌体育投注 赌盘赌牌网站 威尼斯人代理在线导航
太阳城申博娱乐直营网 申博360官网 申博登录网址