The State Council releas上海龙凤419eline on Tuesday for

 building a credit-based market regulation system. The bankruptcy mechanis

上海龙凤419品茶微信m is one part of the whole 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 Develo上海龙凤419

pment and Reform Commission. “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上海龙凤419品茶微信

y institutions and industry associations will be involved in the rating process, according to Lian.

上海龙凤419According to the State Council’s guideline, individuals’ and co

mpanies’ credit performance will be recorded in a timely, accurate and comprehensive ma

nner, while targeted regulatory measures will be taken on market entities with different credit levels.上海龙凤419品茶微信

Credit defaulters will be held accountable in line with specific

regulations and laws and urged to rectify their irregular practices, it said.

上海龙凤419More efforts will be made to enhance credit regulation information disclosure and impro

ve regulatory efficiency by leveraging big data and other technologies, according to the guideline.上海龙凤419

The People’s Bank of China, the country’s central bank, is also buildin

上海龙凤419品茶微信g the country’s nationwide credit information system, which is composed of a national fin

ancial credit information database and market-oriented credit information institutions.上海龙凤419

By the end of August, the national database included information on 25.42 m

illion companies and 970 million individuals, becoming the world’s largest.上海龙凤419品茶微信

Including internet finance and peer-to-peer lending information in the national sys

tem is the next step in the top financial regulators’plan. The system will also in上海龙凤419

clude data from securities and insurance companies in the future, Wan said at an earlier conference.

“Information leakage and hacking could potentially be major threats to the credit information sy上海龙凤419品茶微信

stem’s security,” he said. “So far, the system is generally stable, and has not displayed any serious leakage risks.”

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Furthermore, to offse上海龙凤419 falling exports to

enterprises from Zhejiang are actively exploring other markets, such as the European Union. Last year, Zhejiang’s trad

上海龙凤419女神会所e with EU countries grew by 9.3 percent year-on-year to reach 556.9 billion yuan.

Trade with ASEAN countries in 2018 surged 22.5 percent year-on-yea

r to 316 billion yuan. The province’s trade with countries and regions involved in the Belt and R上海龙凤419

oad Initiative reached 896.7 billion yuan, rising 12.3 percent year-on-year, the customs office said.

上海龙凤419女神会所”Multiple platforms, such as the China (Zhejiang) Pilot Free Trade Zone, the China-CEEC Expo & International Consumer Goods Fair as well as overseas indu

strial parks are also helping our enterprises to optimize their global value chains,” Yuan added.

According to the State Council Information Office, in the first quarter, Zhejiang’s GDP totaled 1.3 trillion yuan, 7.7 perc上海龙凤419女神会所

ent higher than the same period last year. The disposable income of urban and rural dwellers in the January-March peri上海龙凤419

od stood at 18,391 yuan and 10,010 yuan, respectively, up 8.7 percent and 9.5 percent year-on-year. Total trade in go

ods amounted to 1.17 trillion yuan in the first five months, growing 7.4 percent year-on-year.上海龙凤419女神会所

Che Jun, secretary of the Zhejiang Provincial Committee of the Communist Party of China, said that “taking advanta

上海龙凤女神会所419ge of the integrated development of the Yangtze River Delta region, Zhejiang has learned from the opening-up

experiences from the China (Shanghai) Pilot Free Trade Zone and Jiangsu and Anhui provinces. In the f

uture, we will strive to make further advances in the new round of opening-up,” he said.上海龙凤419女神会所

“As one of the major export regions of China, Zhejiang will continue to offer more favorable policies and assistance to exporters in

上海龙凤419女神会所order to support the steady growth of the economy as well as the region’s high-quality development,” Yuan said.

Firm plans more investments to ensure cybersecurity, protect users’ privacy

Huawei Technologies Co said on Friday that it has yet to see any benefit from the US govern上海龙凤419女神会所

ment’s promise to relax restrictions on it and called for a direct removal of the company from a security blacklist.

“So far, no concrete changes have happened (to supplier issues),” said Liang Hu上海龙凤419

a, chairman of Huawei, in a news conference in Shenzhen, Guangdong province. “If the US compan

ies obtain licenses to continue selling products to Huawei, we will cooperate with th上海龙凤419女神会所

em. But we hope there is some certainty in the licenses so that businesses can be controllable.”

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