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China needs to roll out a long-term policy framework for regulating big technology enterprises－"Big Tech", including those that are internet-based－so as to prevent spillover effects of any possible irregular activities on the financial services sector; the country should also tighten supervision of cross-border data flows, a senior researcher told China Daily. ....
Specialist urges Big Tech regulatory framework--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
Green finance gets newfound incentivization By CHEN JIA | CHINA DAILY | Updated: 2021-02-10 07:16 Share CLOSE An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. [Photo by Tan Kaixing/For China Daily] China to ease domestic market access for foreign investors, says PBOC official China will make it easier for international investors to access the country s green finance market by promoting the harmonization of domestic and global green standards as part of its efforts to achieve net-zero emissions by 2060, central bank officials said on Tuesday. The green finance industry in China needs to learn from the asset management experiences of foreign investors, such as multinational pension funds and insurance companies. Large capital injections are also needed to finance many green and low-carbon projects, said Wang Xin, head of the research bureau of the People s Bank o ....
Fiscal support to lift China s growth efforts (China Daily) 09:55, December 13, 2020 A teller counts cash at a bank branch in Hangzhou, capital of East China s Zhejiang province. [Photo by Hu Jianhuan/For China Daily] Finance Minister says policies to boost R&D investment and tech innovation China will step up fiscal policy support to the new economic development pattern by being largely reliant on expanding domestic demand and facilitating technology innovation, Finance Minister Liu Kun said on Friday. Fiscal policies can be made more effective to moderately lift public consumption and stimulate consumer consumption by increasing the personal incomes of the medium-and low-income groups. That will help form a broad domestic market in the world s second largest economy and sustain its economic growth, Liu said in an article for the Study Times. ....