The newly-established Financial Stability and Development Committee will supervise financial regulatory departments as well as local governments, which will be held accountable for financial risks, according to media reports.
The newly established Cabinet-level Financial Stability and Development Committee is expected to play a significant role in monitoring systemic risks and preventing financial disruptions, Ratna Sahay and James Walsh, economists and leaders of the assessment program with the IMF, said.
The new batch of companies will mainly cover the defense, oil and gas industries.
The new dinosaurs are based on two fossils collected by joint expeditions co-led by Xu Xing, James Clark from George Washington University, and Tan Lin from the Long Hao Institute of Geology and Paleontology.
The negative list is issued by the State Council, the country’s Cabinet. The current version, updated last year, sets out 48 areas where foreign investment is barred.
The new law raised the legal minimum age for tobacco purchases from 18 years old to 21. It was passed in the Washington Senate last Wednesday and will take effect on Jan 1, 2020.
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The new draft regulations for financial institutions' asset management business will lead to further differentiation among banks offering such services, academics said.
The new platform will mainly provide personal credit information collected from online microcredit companies, internet credit information intermediary agencies and other internet financing institutions, including consumer finance companies, according to analysts.
The new license received by Wangfujing Group and the implementation of duty-free policies on the Hainan island have created a healthy, concentrated yet less competitive business environment, which will benefit from the policies to boost domestic consumption, CITIC Securities said in a report.
The new guidelines may discourage efforts on testing, which is fundamental to controlling outbreaks of any infectious disease, experts warned.