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China has stepped up a crackdown on disorder in financial markets. During the first 10 months of 2017, the CBRC, China's top banking regulator, punished 1,486 banking institutions and 1,096 individuals. The regulator confiscated illegal income of 75 million yuan (.5 million) from the institutions, in addition to imposing fines of 592 million yuan on the institutions and 24.4 million yuan on the individuals.
China is likely to adopt the revised Securities Law by the end of the year, in a move to lay the legal foundations for capital market reforms prioritizing the registration system, experts said.
China is still likely to report weak economic indicators in the first quarter of 2019 as the transmission of policies into real economy takes time and the effects of supportive policies are likely to be felt after the first quarter, said Mariscal.
China is stepping up its fight against pollution and environmental degradation caused by decades of fast growth.
China is likely to become the world's largest local government bond issuer within five years — given the fast growth of the Chinese version of municipal bonds — as a way to facilitate debt restructuring reforms and further strengthen fiscal consolidation, an expert told China Daily.
来源：资阳报