Daily Pulse: CAC Establishing Online Blacklist, CSRC, French AMF Partner
The deputy director of the Cyberspace Administration of China (CAC), Liu Liehong, announced that CAC and other government units are establishing an online credit system blacklist for network security. The deputy director also asked all websites to build a credit management system to enhance regulation within the internet industry. However, the timetable for the blacklist remains undisclosed. In other news, CSRC announced that it had signed an agreement with French Financial Markets Regulator (AMF) on promoting a partnership in financial regulation areas such as risk monitoring, asset management, equity, and more. Moreover, both parties have confirmed their partnership plan will take place over the next two years. A-share markets rose today. SHCOMP increased 0.31% to 2,602.15, SICOM went up 0.16% to 7,698.02, and CSI 300 gained 0.34% to 3,170.61. ChiNext Price Index lifted 0.05% to 1,338.73. The Hang Seng Index grew 1.61% to 26,186.71.