China Economic ReviewChina's securities regulator will lift the yearlong ban on new mainland share issuances "in the near future" and possibly as early as April, the South China Morning Post reported, citing high-level sources. The ban is likely to be lifted in two stages. Initially, large A-share listed companies would be allowed to raise capital by issuing […]
Online gamers have criticized plans to introduce an anti-addiction law that would limit time spent in virtual role-playing games, forcing the government into a rethink. Officials told the Financial Times that seven months after it was announced, the law is only at a limited trial stage, covering only some servers of leading companies. China’s press […]
Plans to introduce a new law regulating employment contracts have been criticized by overseas companies, which believe it will hand more control to the government-supported trade union, the South China Morning Post reported. A draft of the Labour Contract Law states the trade union would have to be notified of large job cuts, and have […]
Banks� efforts to tighten corporate governance are being hampered by a shortage of experienced internal auditors, according to Ernst & Young. The international accounting firm told the South China Morning Post internal auditors make up 1% of staff at mainland banks, compared with 2% to 5% globally. Banks have traditionally faltered when it comes to […]
With the NPC and the CPPCC in progress in Beijing, the annual orgy of relationship making and strengthening is in full swing. One of the men who played that game best during the 1990s was Lai Changxing, the Fujian businessman who built a massive smuggling operation – the Yuanhua Group – which is now dubbed […]