(Source: Southern Metropolis Daily 2024-10-19)

On October 19, at the parallel forum rule of law section of the 2024 Financial Street Forum Annual Meeting of the 2024 Financial Street Forum sponsored by the Beijing Financial Court, Huang Yong, executive vice president and professor of the Institute of Foreign Affairs and Economics and Trade, said that the basic status of competition policy has been included in the law, and in the future, it is necessary to give full play to the leading role of competition policy, fiscal policy and monetary policy to further improve the marketization of the financial field.

Huang Yong, Executive Vice President and Professor of the Institute of Foreign Law of the w88 sports betting of International Business and Economics

Huang Yong said that although the financial field is a special industry, it is also a highly regulated industry. The laws of various countries and mature market economies countries and regions all include the financial industry under the jurisdiction of the Anti-Monopoly Law. From the top-level policy perspective, the central document emphasizes that industrial policies and economic and social policies such as fiscal policies and monetary policies have been strengthened, but the basic status of competition policy has been included in the law. In the future, it is necessary to give full play to the leading role of competition policies, fiscal policies and monetary policies to further improve the marketization of the financial field.

From the legislative perspective, Huang Yong said that the resolution of the Third Plenary Session of the 20th Central Committee of the Party mentioned several statements about finance, including the formulation of the Financial Law. The "Fair Competition Review Regulations" have been written into the fair competition review system of drafting units in the legislative process, and have a legal basis.

Huang Yong also mentioned that from the perspective of the coordination of law enforcement and judicial affairs, anti-monopoly competition law enforcement agencies include the Financial Bureau and the Securities Regulatory Bureau, and they all have their own legal basis when it comes to market competition. It is necessary to study how to coordinate law enforcement powers and clarify the basis for law enforcement.

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