News Snapshot:
Hong Kong media baron accused of colluding with foreign country China tightens supervision over gov't financing guarantee institutions BEIJING, Aug. 11 (Xinhua) -- China has unveiled measures to strengthen supervision over government-controlled financing guarantee institutions in the latest move to provide better financial services for small firms and the agricultural sector. Financial departments and regulatory authorities at the provincial level should coordinate to introduce lists of government-controlled financing guarantee institutions, according to a circular jointly released by seven central government departments, including the China Banking and Insurance Regulatory Commission. Such institutions are asked to expand the proportion of financing guarantee...
