久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / Editorials

Zero tolerance to illegal stock market activities: China Daily editorial

chinadaily.com.cn | Updated: 2021-07-07 20:24
Share
Share - WeChat
A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, on Nov 20, 2020. [Photo/Agencies]

As China's economy has entered a stage of high-quality growth, a corresponding high-quality capital market that is open, transparent and well regulated needs to be built to better serve the country's economic development.

Which explains why the central leadership has announced that it will take a series of stringent measures to crack down on illegal activities in the securities market.

In a document jointly released by the General Office of the Communist Party of China Central Committee and the General Office of the State Council on Tuesday, the central authorities urged law enforcement departments to show "zero tolerance" to activities such as fraudulent issuance, fake statements, market manipulation and insider trading.

This certainly comes as good news for China's stock market, whose market value surpassed $10 trillion in 2020 to become the world's second-largest, after the United States, as well as 180 million individual investors in the country who have often become easy prey for manipulators.

This is because despite the many laws and regulations already in place and the stepped up supervision, illegal market activities, to the detriment of the market order and the interests of individual investors, are still frequently being exposed. The prevalence of such illegalities can mainly be attributed to the relatively "low costs" paid by violators.

It has become apparent that the securities legislation mechanism needs to be upgraded, law enforcement strengthened and the judicial system improved to curb the frequent occurrence of irregularities and criminal cases. Which are the exact goals set by the authorities to be achieved in the near future.

One notable point made in the document is the call to strengthen cross-border securities regulation and audit supervision cooperation with foreign regulators.

As more Chinese companies seek listings overseas, there are increasing risks concerning data flows and security, a factor that is believed to have led to the authorities' latest probe into four internet platforms, including China's largest ride-hailing app Didi.

Enhanced cooperation in audit supervision will help improve oversight of Chinese companies listed overseas to prevent accounting fraud and protect the interests of investors. This has become an urgent task given the momentum of Chinese companies seeking funding overseas. In the United States, 36 China-based companies have issued initial public offerings this year, raising a total of $12.5 billion, the fastest pace since 1995, according to Dealogic.

Policy adjustments often cause market fluctuations in the short term. Yet they will benefit China's capital market and all participants in the long run by putting it on the track of healthy development.

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 美国一级片在线 | 久久免费视频在线 | 韩国19禁主播裸免费福利 | 日韩精品视频一区二区三区 | 男女免费观看视频 | 久久精品在 | 二区三区在线 | 特黄女一级毛片 | 欧美国产91 | 国产一区二区三区久久精品小说 | 国产精品线在线精品 | 国产精品综合久成人 | 性视频网站在线 | 国产香蕉98碰碰久久人人 | 另类自拍 | 女人张开腿让男人桶视频 | 成人久久18免费软件 | 日韩在线观看一区 | 国产精品美女一级在线观看 | 草草日 | 国产萌白酱在线一区二区 | 欧美精品xx | 婷婷色九月综合激情丁香 | 欧洲免费无线码一二区 | 国产精品国产精品国产三级普 | 日日碰碰 | 国产精品日韩一区二区三区 | 99精品视频在线观看免费播放 | 国产精品免费看 | 国产精品v欧美精品v日本精 | 毛片特黄 | 欧美性极品hd高清视频 | 一级一级毛片看看 | 国产在线精品福利一区二区三区 | 成年人免费看视频 | 一级毛片成人午夜 | 国产高清一区二区三区 | 欧美精品久久久久久久久大尺度 | 亚洲精品久久久久久久777 | 国产亚洲欧美另类久久久 | 国产成人精品福利网站在线观看 |