{"id":38089,"date":"2009-04-30T10:16:41","date_gmt":"2009-04-30T17:16:41","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=38089"},"modified":"2009-04-30T10:16:41","modified_gmt":"2009-04-30T17:16:41","slug":"china-announces-regulations-for-financial-information-in-settlement-with-us-europe","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/04\/china-announces-regulations-for-financial-information-in-settlement-with-us-europe\/","title":{"rendered":"China Announces Regulations for Financial Information in Settlement with US, Europe"},"content":{"rendered":"

Following a complaint brought at the WTO, China has changed regulations governing foreign financial information providers. From the Los Angeles Times<\/a>:<\/p>\n

\nThe rules eliminate a requirement that foreign providers must work through a Chinese agent and reduce the amount of information they must disclose about their operations.<\/p>\n

Beijing agreed to the changes in November to end a World Trade Organization complaint that it improperly helped the state-run Xinhua News Agency compete to supply financial data to banks, brokerages and other clients. Trade officials said the settlement would help Thomson Reuters Corp., Bloomberg LP and Dow Jones & Co.<\/p>\n

Xinhua was replaced as the industry regulator in February with a Cabinet body, the State Council Information Office, after complaints that Xinhua should not be allowed to regulate its competitors.<\/p>\n

Foreign providers that already operate in China must apply to the new regulator by July 1 for permission to continue said a Cabinet statement. It said the regulator has the power to reject applications but gave no grounds on which permission might be refused.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Following a complaint brought at the WTO, China has changed regulations governing foreign financial information providers. From the Los Angeles Times: The rules eliminate a requirement that foreign providers must work through a Chinese agent and reduce the amount of information they must disclose about their operations. Beijing agreed to the changes in November to […]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,10],"tags":[6526,4433,122],"class_list":["post-38089","post","type-post","status-publish","format-standard","hentry","category-economy","category-law","tag-financial-news","tag-foreign-media-regulations","tag-wto","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nChina Announces Regulations for Financial Information in Settlement with US, Europe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/04\/china-announces-regulations-for-financial-information-in-settlement-with-us-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Announces Regulations for Financial Information in Settlement with US, Europe\" \/>\n<meta property=\"og:description\" content=\"Following a complaint brought at the WTO, China has changed regulations governing foreign financial information providers. 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