CSRC issues administrative measures for the securities brokerage business

China’s securities sector has a bad reputation among domestic investors due to scandals involving a range of bad behavior, including misleading sales tactics, fraud, and unethical conduct. To be sure, regulators themselves are partly to blame because of their relatively lax oversight and weak protection of investors’ rights…
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PBoC extends CNY trading hours

More than 60 offshore banks and other financial institutions are CFETS members. Longer trading hours mean they can trade CNY – rather than offshore CNH – at more convenient times…
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Finance ministry encourages Shenzhen to take the lead in tax reform

China’s fiscal and taxation systems are in dire need of an overhaul and the top leadership knows it, although it’s been reluctant to tackle the problems in a serious way. The shortcomings of the current fiscal system, which emerged after the reforms of 1994, have left local authorities shouldering most of the fiscal burden without the necessary fiscal income.
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