Vigilance required against fraudulent raising of funds

ON SUNDAY, the Beijing police announced that Beijing-based assets management company Huayingkailai is suspected of illegal fundraising activities, and 32 suspects, including its chairman Bai Zhiming, have been detained on criminal charges. The news made headlines nationwide because the company has been raising money in the name of developing the Transit Elevated Bus, even though the bus had failed its road test. Southern Metropolis Daily comments:

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Ambitious agenda marks G20 summit

The G20 summit in Hamburg, Germany, takes place against the background of a rapidly changing global situation. For the host, German Chancellor Angela Merkel, the three key questions are: How Germany can ensure the G20 partners continue to promote free trade and reject protectionism? How to save the Paris climate change agreement? And how to strengthen multilateral institutions against a broad anti-globalization trend?

Three major challenges AIIB must overcome

Moody's Investors Service gave the Asian Infrastructure Investment Bank its highest possible rating of Aaa, with a stable outlook, on June 29, because of "the strength of AIIB's governance frameworks, including its policies on risk management, capital adequacy and liquidity".

Draft gives anti-graft fight a shot in the arm

The draft of a national supervision law was submitted to the National People's Congress, the country's top legislature, for review at its session late last month. The legislation is aimed at building a unified, authoritative and efficient supervision system.

Let the ice cream addict be aware of the hidden hazard

Have you ever had an irresistible urge to have an ice cream on a scorching summer day? Many adults may claim to know better and refuse to indulge a craving for the frozen dessert, but not perhaps the kids.

US destroyer's intrusion into Chinese waters unacceptable

The Foreign Ministry has called the trespassing of a US missile destroyer in China's territorial waters a "serious political and military provocation", and the Ministry of National Defense said the move has seriously undermined the strategic mutual trust between the two militaries.

Bond connect boost for yuan

Qualified overseas investors were able to invest in the Chinese mainland interbank bond market via the mainland-Hong Kong bond connect program as of Monday.

Selling of credit cards is a crime, not a grey area

THE SELLING, USING, RENTING AND PURCHASING OF CREDIT CARDS has become a business, and it is easy to buy someone else's credit card online, which has turned out to be the source of financial crimes and online fraud. It is high time such crimes were cracked down on. Beijing News comments:

Game plan urgent to stop addiction

TENCENT GAMES announced on Sunday it is piloting a system for its hit mobile game King of Glory that will log out players under the age of 12 if they have played the game for more than a hour in a day. Beijing Youth Daily commented on Monday:

Market, not govts, can judge what is a worthy product

THE LABELS "famous trademark", "reputed trademark" and "well-known trademark" were honorary titles issued by governments at different levels to Chinese products in order to encourage competition and help consumers identify quality products. However, the State Administration for Industry and Commerce says the practice is outdated and it plans to put an end to it. Beijing News comments:

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