central financial work conference

China’s ‘two sessions’ 2024: securities regulator comes out swinging at first press conference

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However, he added, “if the market gets out of control and experiences huge irrational shake-ups, liquidity runs, investor panic, a major investment confidence breakdown … [the commission] should make resolute moves to fix dysfunction.” The conference, held with other high-level officials on Wednesday, took place on the sidelines of the “two sessions”, the annual meetings … Read more

China shames struggling transport bureau over fake traffic ticket scam

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A cash-strapped local government in northern China was named and shamed for arbitrarily fining road users and faking their signatures, the latest example of a struggling authority using unorthodox revenue schemes to plug holes in the books. The State Council, China’s cabinet, singled out the transport bureau of She county in Hebei province on Friday, … Read more