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BerichtGeplaatst: 07-09-2018 02:49:12    Onderwerp: The CSRC has also stipulated Reageren met citaat
LUSAKA cheap nike air presto , Sept. 14 (Xinhua) -- The Zambian government said on Thursday that reforms currently taking place to improve the judicial system have already started bearing fruit such as the acceleration of court cases.


Minister of Justice Given Lubinda said the judicial reforms being undertaken have resulted in courts improving in disposing of cases after years of backlog of cases due to a slow process.


According to him, the courts in country had 57 percent pending cases as at the end of 2015 but this has been reduced to 35 percent at the end of last year.


"I want to thank the courts for the job and our intention is to reduce this to zero although this may not be possible because there are many factors that lead to slow process in handling court cases," he said on a live interview on HOT FM radio.


Other reasons causing delays in court cases include the reluctance by some accused persons to have their matters taken to court as well as the poor record-keeping system in the judiciary, according to Lubinda.


The judiciary in Zambia still keeps court cases on hard copies, a move that results in the disappearance and misplacement of some files, he said.


The judiciary had 289 nike air presto ireland ,000 court cases in its files as of 2015.


He, however, said the judiciary will soon be computerized so that court records are kept both in hard copy and on computer servers.


He added that the files of court cases will be kept at both the judiciary as well as the Ministry of Justice and that later all prisons will be linked to the system.


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Rapid development, illegal operations behind changes: experts





A clerk counts yuan banknotes at a bank in Ganyu county cheap nike air vapormax flyknit , East China's Jiangsu Province. File photo: IC






After China's major financial regulators announced recently a tightening of their management grip on the domestic financial market through measures such as suppressing certain business by securities firms and repressing stock speculation, experts said Tuesday that the rapidly growing financial market in China is forcing them to change their traditional management model.

Li Chao, vice chairman of the China Securities Regulatory Commission (CSRC), said during a recent meeting that the CSRC would no longer tolerate illegal operations on capital markets, media reported on Tuesday.

"We used to be lenient about violations, but from now on we won't pull any punches cheap nike air max 97 ," Li was quoted as saying in the report.

The China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CIRC) both noted on Tuesday that they would tighten supervision over domestic financial markets.

The financial regulators are tightening management in an effort to protect the investors' interests, Li Daxiao, chief economist at Shenzhen-based Yingda Securities, told the Global Times on Tuesday.

Tightening control

Dong Dengxin, director of the Finance and Securities Institute at Wuhan University of Science and Technology, said China's financial market has developed rapidly since 2013 nike air max 97 ireland , which has caught regulators unprepared.

"The most fundamental changes are the rise of the private market and buyouts. The former has given rise to complicated new assets management businesses and products, while the latter often involves leveraged trading," Dong told the Global Times on Tuesday.

This sudden development, replete with risks, has exceeded the expectations and even the management capacities of domestic regulators, inducing them to work out new measures to reverse the awkward situation cheap nike air max tn , according to Dong.

Li, the CSRC vice chairman, noted that some financial institutions have designed "complicated, un-transparent" products to take advantage of policy loopholes, according to media reports.

Illegal operations "exist" in domestic financial markets, said Li nike air max tn ireland , the chief economist at Yingda Securities.

The phenomenon has caused financial regulators to pump up efforts to standardize the markets. For example, the CSRC will gradually discourage securities traders from helping banks invest in areas they normally are not allowed to via the so-called channel business, the CSRC vice chairman said.

An employee at a Shanghai-based securities firm, who refused to be identified, said that such practices are one of the major businesses for securities companies.

"If it is canceled, it would impact the profitability of securities firms nike air max zero ireland ," the employee said. "Personally, I don't think such business will be completely banned."

She noted that some small commercial banks, which don't qualify to open accounts on stock exchanges but still need to invest their capital, have to fulfill their investment needs via such services provided by securities firms or funds.

The CSRC has also stipulated that major shareholders cannot procure shares through any means other than direct purchasing, the China Business News reported on Tuesday.

According to the securities firm employee, the CRSC has raised the frequency of sampling inspections on securities firms.

"They used to carry out such inspection once a year. Now two or even four times [a year] is completely possible nike air max classic bw ireland ," she said, noting that tightened supervision is a standard phenomenon and securities firms have responded actively to the situation.

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