China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management

China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management

The document released by the State Council after the markets closed on Friday evening sets out nine guidelines that formulate a framework to develop the market, demanding a better mechanism for protecting investors’ interests and an improvement in the quality of listed companies over the next five years. By 2035, the market should have achieved … Read more

China names high-profile law enforcer working with US in fentanyl fight as assistant public security minister

China names high-profile law enforcer working with US in fentanyl fight as assistant public security minister

China has promoted a veteran police officer who oversees cooperation with the US in the fight against fentanyl as assistant public security minister. The promotion of Hu Binchen, the 53-year-old director of the International Cooperation Bureau of the Ministry of Public Security, to assistant minister rank and as member of the ministry’s Communist Party committee, … Read more

China to boost countrywide network of community ‘grid’ workers, once a key force in tackling Covid

China to boost countrywide network of community ‘grid’ workers, once a key force in tackling Covid

China has rolled out new rules to strengthen its nationwide network of community workers, the group that was once key to enforcing its “zero-Covid” strategies on the ground. The stronger network will aim to “maintain social stability and consolidate the party’s long-term rule”, China’s cabinet and the ruling Communist Party’s central decision-making body said in … Read more

‘Two sessions’ 2024: China ‘all about the party’s leadership’ as it gets more control over cabinet

‘Two sessions’ 2024: China ‘all about the party’s leadership’ as it gets more control over cabinet

“Xi has successfully revived Mao’s famous slogan about the party’s overall leadership,” he added. Former leader Mao Zedong’s slogan – “Government, the military, society and schools, north, south, east and west – the party leads them all” – was written into the party’s charter after the 19th party congress in 2017. Deng said Xi had … Read more

Why is a unified national market now so vital for Beijing’s policymakers?

Why is a unified national market now so vital for Beijing’s policymakers?

“It means I can only open one restaurant in Shenzhen and where can I find seven other people I trust to apply [for permits] on my behalf?” Liang said. She is now considering accepting her losses and pulling out of the venture as the outlook becomes unpalatable. Such yawning discrepancies in approval and market supervision … Read more

Chinese state media drops ‘Tibet’ for ‘Xizang’ after release of Beijing white paper

Chinese state media drops ‘Tibet’ for ‘Xizang’ after release of Beijing white paper

“Xizang” is the pinyin, or Chinese romanisation, of the Mandarin script for “Tibet”. Since the release of the November white paper, “Xizang” has largely replaced “Tibet” in several official Chinese media reports, with “Tibet” now used only in a few scenarios, including translations of already established geographical terms and names of institutions. Between November 10, … Read more