China Will Actively Participate in International Financial Governance
On July 6, the General Office of the CPC Central Committee and the General Office of the State Council issued "Opinions on Strictly Combating Securities Illegal Activities According to Law" ("Opinions"), which consists of thirty articles, adhering to the direction of marketization and rule of law, insisting on building systems, non-interference and zero tolerance, strengthening the construction of basic systems in the capital market, improving the institutional mechanism for strictly combating securities illegal activities according to law, improving the effectiveness of law enforcement and justice, and effectively preventing The major risks are resolved.
The Opinions propose to further strengthen judicial collaboration in cross-border supervision and law enforcement, and improve laws and regulations on data security, cross-border data flow and management of confidential information.
China will actively participate in international financial governance and promote the establishment of law enforcement alliances to combat cross-border securities violations.
The Opinions indicate that the supervision of Chinese stocks will be strengthened, practical measures will be taken to respond to risks and unexpected situations of Chinese companies, and the construction of relevant regulatory systems will be promoted.
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