The China Securities Regulatory Commission is in charge of both the reviews and market regulation under the approval-based system. This scheme is inclined to overdo administrative interventions from the regulator, such as the unwritten price-to-earnings ratio ceiling of 23 for IPOs and IPO pauses during market downturns to mitigate downside pressure.
The Chinese economy is likely to stabilize from the second half of this year and rebound from 2018, with potential growth of investment in infrastructure, while the country's stricter financial regulations are likely to draw more investment in the cooperate sector, economists said.
The China Securities Regulatory Commission said on May 8 that it had received an application from Nomura, Japan's largest securities trader, to set up a company in China with51 percent stake.
The China Institute for Employment Research (CIER) index, a measure of the degree of supply-demand tension in the labor market, went down to 1.41 from 1.54 in 2018. This means each graduate, though facing growing competition, has 1.41 employment opportunity, according to the report.
The Chinese government decided to send a third group of medical experts to Italy to help the country cope with the novel coronavirus epidemic.
The China-Pakistan Economic Corridor, as one of the most prominent and successful flagship projects of the Belt and Road Initiative, had laid a sound foundation for modernization of Pakistan's economy. In the next phase, the convergence of traditional and digital infrastructure would be essential for unleashing the potential for growth in diverse areas such as agriculture, science and technology, industrial relocation and vocational training, Haque said.
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The Chinese economy may face a harsher situation this year and growth may edge down, said a research note by Ruida Futures. "But as the effect of the country's countercyclical supportive policies gradually becomes apparent, the situation may improve in the second half of this year."
The China Academy of Information and Communications Technology, a government think tank, forecast earlier that China is likely to spend 1.2 trillion yuan (5.4 billion) on 5G network construction by 2025, driving more than 3.5 trillion yuan of investment in the upstream and downstream industrial chain and other related sectors by then.
The Chinese central bank decided to inject more than 800 billion yuan (5 billion) through a broad cut of the cash amount that financial institutions must hold as reserves, or the reserve requirement ratio (RRR), to keep liquidity ample and provide cheaper financing for the real economy.
The Chinese fast-food chain said on Thursday the series of trademarks were registered and approved by the State trademark bureau, which now is under the State Intellectual Property Office, and have been used for 15 years.