settlement and sales by banks stood at $6.6 billion, down 44 percent from H2 2018, SAFE data showed.
The reading indicated a relatively good supply-demand situation of the forex market, while monthly fluctuations refl娱乐地图
ected the overall stability of market expectations and the market-oriented adjustment of prices, Wang said.
娱乐地图女神会所According to Wang, China’s forex market showed stable sentiment amid trade frictions with the US and the exchanges bet
ween Chinese and American companies are still very close, which is playing a positive role.
“We are confident to cope with the changing situation and maintain the stability of cross-border capital flows in China,” Wang said.娱乐地图女神会所
A national bankruptcy mechanism is under discussion by policymakers, covering local gover
娱乐地图nments and enterprises, to prevent systemic financial risks, said a senior official with the central bank.
“The key task is to prevent debt default risk,” said Wan Cunzhi, director-general of the PBOC’s Credit Information System Bu
reau, at a news conference on Thursday. He said the mechanism will include inde
bted local governments, while market-oriented measures will be introduced to ease their debt burden.娱乐地图女神会所
Bankruptcy of local governments was rarely mentioned in China before, and the official didn’t re
娱乐地图lease more details on the mechanism. It reflected that policymakers have noticed the potential challe
nges and more measures are expected to strengthen financial stability, analysts said. Total local government deb
t reached 19.9 trillion yuan ($2.89 trillion) by May, according to the Ministry of Finance.娱乐地图女神会所
The State Council released a guideline on Tuesday for building a credit-based market regulation system. The bankruptcy mechanism is one part of the who
娱乐地图le system. Besides local government, individuals and enterprises will also be regulated.
Companies with bad credit records will receive serious punishment
, said Lian Weiliang, deputy head of the National Development and Reform Com娱乐地图女神会所
mission. “For the worst scenario, the companies could be prohibited from the market.”
The measures for rating companies’ credit are being drafted, and market-oriented third-part
y institutions and industry associations will be involved in the rating process, according to Lian.
other professional measure that relates to safety. Anyone without experience climbing mountains above 8,000 meters, and witho
ut adequate capability for independent movement is not allowed on Mount Qomolangma,” he said.
Both overseas and domestic climbers must apply as part of a team, not personally, he said.
Tibet installed a new ladder in a section of the climbing route in 2017, and provided climb
ing ropes as long as 6,000 meters along the path between a section at 6,600 meters and the summit at 8,844 meters.
Cleanup efforts on the mountain involve both environmental considerations and climbing sa
fety. The work has become routine, said Tashi Gyatso, the deputy secretary of the regional government.
titutions, companies and colleges in Beijing, including the Beijing sub-council of the China Council for the Promotion of Inte
rnational Trade, Beijing Enterprises Group Real-Estate Co and the Beijing Forestry University have participated in nong
overnmental exchange projects in countries such as Cambodia, Mongolia, Myanmar and Nepal.
Generally, those Belt and Road projects involve such fields as business cooperation, cultura
l exchanges, protection of women and children, charity, environmental protection and responses to natural disasters.
In 2018, Beijing and Phnom Penh, Cambodia, became sister cities.
Beijing Enterprises Group has been working on a Sino-Camb
odian special economic zone which is planned to be built as a new industrial city.
Qian Xu, president of the group’s Real-Estate Co, which is in charge of the project, said the company has completed the
regulatory planning process for the special economic zone and will start on infrastructure construction soon.