Beijing moves to dodge the turmoil rocking the region
Article Abstract:
The government of Beijing, China has decided to crackdown on over-the-counter stock exchanges and other financial markets in an effort to stabilize the industry. The actions have been prompted by the regional currency crisis in Asia which has severely affected neighboring economies. Vice Premier Zhu Rongji says that about a dozen over-the-counter stock exchanges have been established throughout China without central government approval to answer demand for investment.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Beijing cleans up markets; rules include ban on share trading by banks
Article Abstract:
China's National People's Congress passed the country's first national securities law on Dec 29, 1998. The law will take effect in Jul 1999 and aims to crack down on fraudulent practices and control volatility in the financial sector. Its provisions include prohibiting banks and state companies from securities trading and granting China Securities Regulatory Commission sole authority of the securities market.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Mongolia is new frontier for adventure capitalists
Article Abstract:
Mongolia established a modern stock exchange in its capital, Ulan Bator. The stock exchange boasts of state-of-the-art computer systems and lists 464 public companies. Although relatively new, many foreign investment advisers believe that Mongolia may soon become the next boom market in Asia. Advisers lauded the stock exchange's modern systems and sound marketing fundamentals.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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