of stock index futures. At present, onshore stock index futures are unavailable to overseas invest
ors, and they can only hedge risks associated with investing in A shares through offshore instruments.
“After the stock index futures market opens up, investor bases will dive
rsify, helping China’s capital market achieve a higher efficiency in asset pricing,” Wang sai
d, adding that capital market reform and opening-up is part of China’s moves to promote quality development.
“One of the key priorities this year is to accelerate the development o
f direct financing and the capital market, to strengthen the capital market’s capacity to pr
omote economic growth,” Guo Shuqing, the People’s Bank of China’s Party secretary and head of the China Ban
king and Insurance Regulatory Commission, said in an interview with China Central Television on Monday.
Chinese bookings for domestic and overseas educational tours during the seasonal school vacation are on the rise, Yang Feiyue reports.
With two months to go before the summer vacation, parents have already gone out of their way to plan ahead for their children.
Since April, many have beaten a path to several brick-and-mortar shops in Beijin
g that are owned by the major domestic online travel agency, Ctrip, the company reports.
“The online views of our summer-vacation study tour products have increased by 120 percent in April as comp
ared with the previous month,” says Zhang Jie, general manager of Ctrip’s study-tour operations.
Zhang expects the number of young travelers who take educatio
nal trips to grow by more than 50 percent compared with the same period of last year.
At the moment, the United States, the United Kingdom, Australia, Japan and Canada are am
ong the most popular foreign destinations for those inquiring about study tours, while Beijing, Gansu prov
ince’s Dunhuang, Shanghai, Shaanxi province’s Xi’an and Jiangsu province’s Nanjing topped the domestic-destination list.
exposed disordered copyright management by stock-image providers, legal
professionals said the increased efforts to protect copyright should be applauded.
For example, the National Copyright Administration has launched crackdowns against pira
ted works every year, aiming to increase copyright protection through administrative measures.
Last year, it took online short videos, audio material, literary articles and music as major target
s. It eliminated 1.85 million web links with content that infringed copyright, and confiscated 1.23 million pirated works.
Wang, the Beijing lawyer, said he appreciated governme
nt attempts to protect copyright, but said such efforts are still insufficient.
He called for the country to improve copyright-related laws as soon as poss
ible, and especially to issue a specific rule for footage, pictures or other photographic works.