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Getting a grip on shadow banking

Over the last five years, there has been a boom in wealth management products and trust business, as the higher interest they offer has attracted more and more individual investors. With the rapid growth, regulators are paying greater attention to the potential risks arising from shadow banking, and tighter controls are likely to be introduced in the near future.

Higher fuel standards

With the search for the culprits that caused the notorious smog homing in on low-quality fuel, China's fuel standards are set to rise.

Domestic violence

The settlement of the high-profile divorce between Li Yang, founder of the controversial Crazy English schools, and Kim Lee, his American wife, is significant in the fight against domestic violence, as the ruling conveys the message that there is a price to be paid for wife beating.

Promoting peace on Korean Peninsula

The international community is closely watching what is going on in the Democratic People's Republic of Korea, speculating whether or when it will conduct another nuclear test.

Sino-Japan ties not easy to improve

Japanese Prime Minister Shinzo Abe reiterated on Feb 1 that Japan-China relations remain one of the most important bilateral relations for Japan and should be improved overall.

What's the buzz

With Spring Festival round the corner, people working or studying away from home must be preparing to return to their families to celebrate the occasion. Besides, they must also be worrying about what gifts to carry for their parents. Some of China Daily's mobile phone newsreaders tell us what they will gift their parents.

Letters

Not a scientific study

Banks' responsibilities

International disputes and conflicts have occurred frequently in recent years as more Chinese corporations actively carry out transnational strategies. For Chinese commercial banks overseas, some of the conflicts have been caused by their lack of understanding of the importance of fulfilling their social responsibilities.

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Mature financial futures market needed

In its fervent bid to realize its dream to be a world-class financial center, Shanghai has established a market for almost everything. But the various elements that are essential to the development of those markets are mostly absent. As a result, the markets are prevented from fulfilling their designed functions.

For world security

Chinese Vice-Foreign Minister Song Tao made a significant point when he elaborated on a more active role for emerging economies in international affairs at the Munich Security Conference on Saturday. Song said emerging economies have thrived within the current international system, and ensuring the smooth voyage of the boat is in the interest of all countries as both the emerging and developed countries ride in the same boat.