At the 2020 Central Economic Work Conference, the central authorities pledged to prevent the "disorderly expansion of capital".
在2020年中央经济工作会议上，中央承诺防止“资本无序扩张”。
With integration finding favor, the concentration of iron and steel capacities is a definite trend that will reduce disorderly competition and mitigate market price fluctuations, as well as ensuring the stability of steel prices, she said.
她说，随着一体化的发展，钢铁产能的集中是一个明确的趋势，这将减少无序竞争，缓解市场价格波动，并确保钢铁价格的稳定。
At the 2020 Central Economic Work Conference, central authorities pledged to prevent the "disorderly expansion of capital".
在2020年中央经济工作会议上，中央政府承诺防止“资本无序扩张”。
Ouyang Rihui, assistant dean of the China Center for Internet Economy Research at the Central University of Finance and Economics, said internet companies have started to adjust their diversified operational strategies and gradually concentrate on some core businesses and look for new profit growth points amid the country's strengthened supervision over platform-based economy and efforts to prevent the disorderly expansion of capital.
中央财经大学中国互联网经济研究中心主任助理欧阳日辉，他表示，随着国家加强对平台经济的监管，并努力防止资本无序扩张，互联网公司已开始调整多元化经营战略，逐步专注于一些核心业务，寻找新的利润增长点。
In a statement published on Monday, four government agencies including the People's Bank of China -- the central bank -- ordered Ant to cut off "improper connections" between its payment platform and its financial products, among a bevy of government measures to bar the "disorderly expansion of capital" and rein in financial risks.
The announcement is the latest development in the government's increased oversight of internet companies since last year, which has aimed to curb monopolies and avoid the "disorderly expansion of capital".
The announcement is the latest development in the government's increased oversight on internet companies to avoid the "disorderly expansion of capital".
Led by the central bank, financial regulators first met with Ant on Nov 2, before China's top-level policymakers said at the annual Central Economic Work Conference that they would intensify anti-monopoly supervision and prevent disorderly capital expansion.
Authorities aim to better regulate online economy, guide its healthy developmentChinese authorities have officially opened an anti-monopoly probe into e-commerce giant Alibaba Group and will summon its affiliate Ant Group for a meeting about financial regulations, the latest moves to strengthen antitrust practices and prevention of the "disorderly expansion of capital".
Chinese authorities vowed at last week's Central Economic Work Conference to intensify anti-monopoly supervision and prevent "disorderly capital expansion".
The penalties came on the heels of increased scrutiny of China's largest technology companies and a broader wave of antitrust efforts while preventing the disorderly expansion of capital, experts said.
An economic planning meeting for 2021, chaired by President Xi Jinping on Friday, called for strengthened antitrust efforts and the prevention of disorderly expansion of capital.
According to the CCDI ,it was discovered he violated political disciplines and central financial work policies to blindly expand the company and operate it in a disorderly manner, resulting in its deviating from its main tasks and businesses.
"Shenzhen's housing rental market has long been considered disorderly, with untrue housing information, frequent breaches of contract, information leakage and other irregularities.
Stability measures include the broadening of housing demand via support to younger buyers and measures to strengthen property developer balance sheets in the hope of preventing disorderly expansion by developers and aiding the delivery of presold properties," said Moody's Analytics.
In previous years, there was "disorderly expansion" of capital seen in the sector, of which one major cause was lack of various related regulations.
"But during this process, China is also boosting antitrust efforts to prevent the disorderly expansion of capital, so as to drive enterprises equally for common prosperity," he said.
It was decided at the meeting that to build its competitive strengths, China would establish and improve the platform economy governance system, giving equal importance to development and regulation amid efforts to boost fair competition, oppose monopolies, and prevent the disorderly expansion of capital.
Xi also emphasized the need to deepen capital market reform, improve the protection of property rights and strictly handle corruption-related activities behind the disorderly expansion of capital and platform monopolies.
Wang Tian, chairman of retail and real estate company Better Life Group, said China's regulations on unfair competition and the disorderly expansion of capital have provided law-abiding enterprises with broad development opportunities, driving the efficiency of private companies as well as the market economy.
The NDRC and Ministry of Commerce, while requiring more steps to improve the market access system that is in line with the negative list, called for strengthening the anti-monopoly push and preventing disorderly capital expansion.
"Taking stronger actions against monopoly will help prevent disorderly expansion of capital, its unchecked growth and speculation in the market.
"Accelerated steps will be made to strengthen fair supervision and create a competitive and orderly environment for market entities, especially in boosting the position of competition policies, improving anti-monopoly law enforcement and preventing disorderly capital expansion," said Pu Chun, deputy head of the State Administration for Market Regulation.
Authorities, meanwhile, are expected to continue to set up limits for companies to prevent a disorderly expansion of capital in the market.
"The bureau will also continue to strengthen review of cases related to the concentration of control by operators to prevent disorderly expansion of capital," she added.
"The Chinese authorities are working to bring platform enterprises into a certain regulatory framework, which can effectively rectify and regulate misconduct such as disorderly expansion of capital and monopolistic behavior," Xu said.
Amid efforts to crack down on the disorderly expansion of capital and foster fair competition, Chinese authorities have taken a slew of measures targeting monopolies and other irregularities.
The country will reinforce the guidance on capital, exercise strict oversight on financing, mergers and acquisitions in specific sectors, and work with relevant parties to establish sound systems and mechanisms to prevent the disorderly expansion of capital, said the China Securities Regulatory Commission in a meeting held on Dec 13.
"To curb the disorderly expansion of capital does not mean that we do not need capital.
"The bureau will also continue to strengthen review of cases related to the concentration of operators to prevent disorderly expansion of capital," she added.
The recent annual Central Economic Work Conference said that the country will strengthen antimonopoly efforts and prevent disorderly expansion of capital.
The odds of a housing-driven financial crisis are low in China and policymakers have acted to deleverage the property sector and stave off risks of a disorderly correction down the road amid the slowdown of the property market, according to Goldman Sachs analysts.
China has unveiled a series of regulatory measures to rein in certain monopolized sectors and the disorderly expansion of capital.
The regulator will strengthen the supervision and law enforcement of antitrust and unfair competition and prevent the disorderly expansion of capital.
Top regulator aims to safeguard market order, further support private businessChina's recent antimonopoly moves and preventive measures against disorderly capital expansion are essential to creating a better business environment for the private sector, the country's top economic regulator said on Thursday.
- China's recent regulations to crack down on the disorderly expansion of capital and monopolies are not targeted at the private sector or companies of any specific ownership types, said the country's top economic planner Thursday.
In forestalling and defusing the risks brought about by the disorderly and even barbaric expansion of capital, China is also putting people first and not corporate giants.
In the next stage, the SAMR will resolutely oppose monopolies and prevent the disorderly expansion of capital to create a level playing field for all types of market entities.
The meeting said that China has stepped up anti-monopoly supervision, investigation and punishment of relevant platform-based enterprises that have engaged in monopolistic and anti-competitive behavior, and that this prevents the disorderly expansion of capital and drives the steady improvement of fair competition.
For example, the ideas of strengthening antimonopoly efforts, containing disorderly expansion of capital and ensuring fair market competition earlier this year－as well as enhancing regulation over internet giant firms and regulating off-campus tutoring to ease burden on students alongside green development－are all part of China's efforts to reform and improve the economic and social environment.
Currently, the country is also scaling up support for certain groups of small and medium-sized enterprises that are specialized and innovative－a move in sharp contrast to the restrictions on disorderly expansion of super-large monopolistic enterprises.
"We will never engage in low-level redundant construction, and will never allow rural businesses to engage in disorderly and unfair competition," he added.
Authorities have vowed during the Central Economic Work Conference to intensify anti-monopoly supervision and prevent disorderly capital expansion, while supporting platform enterprises to pursue innovative development and enhance international competitiveness.
He pledged new efforts to fight these practices and prevent the disorderly expansion of capital.
The country will intensify anti-monopoly supervision and prevent disorderly capital expansion next year, according to the annual Central Economic Work Conference held in Beijing last week.
Wang Youxin, a researcher at a research institute of the Bank of China, said more efforts are needed to continue optimizing the business environment, reducing barriers for market entry and attracting the inflow of foreign capital, so as to avoid the disorderly outflow of key links in the industrial chain.
China is keen to optimize the management policies of the power battery industry, strengthening the overall planning of the industry's development while guiding rational investment to avoid blind expansion and disorderly development, said Xin Guobin, vice-minister of the Ministry of Industry and Information Technology, on Friday during a power battery forum in Yibin, Sichuan province.
And to avoid disorderly expansion and data security problems that once existed in the car-hailing industry, the Qiangguo Jiaotong platform will only offer services one by one, and the service offered online must be very mature, Beijing Daily reported.
In January, the China Consumers Association said that blind box consumption is expanding in a disorderly manner, from pets to air tickets, and increasing problems are also arising, including illegal sales, unknown probabilities and consumption addiction.
A large amount of capital, together with bank loans, has poured into the housing market in a disorderly fashion, and problems have emerged.
"How to effectively curb the disorderly expansion of capital while boosting market confidence is a major test for improving the modern supervision capacities, which is also a prerequisite for deepening reforms to streamline administration and delegate power amid efforts to improve the business environment," said Long Haibo, a senior researcher at the Development Research Center of the State Council, China's Cabinet.
In recent years, due to regulatory gaps, the e-cigarette industry has seen disorderly development, with some products reporting problems such as unclear nicotine content, unknown additives and tobacco tar leakage, the document said.
In a guideline on promoting the high-quality development of the steel industry, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Ecology and Environment urged steel enterprises to carry out M&As across regions to reverse the "small, scattered and disorderly" situation in steel capacity.
Rises slow in August; tighter credit policies at local level reduce dealsChina's home prices increased in August but at a slower pace as regulatory measures continue to rein in and stabilize the disorderly market.
Among these malpractices, actions that have forced merchants to choose between the platform's own marketplace and other competitors are the most severe, a reflection of sheer capricious and disorderly expansion of capital from the platform economy, which is blatant trampling and destruction of market competition, officials said after the meeting.
The three departments have asked platform-based internet companies to strictly prevent any disorderly expansion of capital to ensure economic and social security; strictly prevent monopoly and disorder to ensure fair competition; strictly prevent technology strangulation to ensure innovation and development of the industry; strictly prevent the abuse of rules and algorithms to ensure the legitimate rights and interests of all parties, and strictly prevent system closure to ensure ecological opening and sharing.
But due to the cutthroat competition, the prized resources have not received a proper price, and the disorderly mining of rare earths has led to a waste of resources and environmental problems.
Li said mergers and acquisitions are becoming key for quality industry players to have more market influence so that the industry can better avoid disorderly competition, amid the industry's pursuit of high-quality development, since remarkable progress has been made in overcapacity removal and environmental protection.
As the largest steel producer in the world, China's top 10 steel companies account for less than 40 percent of domestic capacity, far off the goal of 60 percent if the industry wants to avoid disorderly competition, while the top four mines in the world control about 80 percent of global iron core output, he said.
Lin said that the industry still needs further efforts on the regulation of battery recycling companies that are small-scale, scattered or have disorderly operations, which are incapable of carrying out safe and environmentally friendly battery recycling processes.
(The aim is) to cut disorderly collection and illegal use, but encourage its efficient use to facilitate the sector's healthy development," said the official.
"(The aim is) to cut disorderly collection and illegal use, but encourage its efficient use to facilitate the sector's healthy development," said the official.
It is necessary to "prevent haphazard construction and disorderly development" as the NEV industry has seen rapid technology improvement and market expansion, Meng said.
The current hype of the metaverse is inseparable from the forces of capital, and the disorderly expansion of capital must be resolutely resisted, Zhang said, adding the public should look at the word rationally.
But in China, some platforms leverage their own data and traffic to expand capital in a disorderly way," said Wang Yong, deputy director of the Institute of Economics at Tsinghua University.
The country has been introducing a series of antitrust policies to supervise platforms, including preventing the disorderly expansion of capital and personal data protection.
But in China, platforms leverage their own data and traffic to expand capital in a disorderly fashion.
The move represents China's resolve to rein in monopolies and contain disorderly expansion of financial capital－one of the eight key tasks outlined in the Central Economic Work Conference in December last year.
According to Dang, China highlighted strengthening antitrust enforcement and preventing the disorderly expansion of capital at high-level meetings such as the Central Economic Work Conference in December 2020.
Hong Yongmiao, dean of the School of Economics and Management at the University of Chinese Academy of Sciences, said binding laws and regulations are needed to prevent monopolies and disorderly capital expansion.
Government regulation should not only prevent monopolies and the disorderly expansion of capital, but also continue to protect and encourage innovation, Hong said.
For full-fledged digital platforms, the government should focus on micro-regulation to prevent monopoly and disorderly competition while also supporting companies' quests to go global.
"The Indian market may appear somewhat disorderly on the surface, but vibrant opportunities are ready to burst forth," said Cheng Yu, partner of Morningside Venture Capital.
Disorderly expansion of major platform enterprises in the financial sector has been effectively curbed, according to the central bank.
While emphasizing that finance should serve the real economy, the guideline stated both green light and red light mechanisms should be set up to prevent the disorderly expansion of capital.
It is important to improve and strengthen market regulation, oppose monopolies and the disorderly expansion of capital and ensure fair competition, Li said.
Talking about the series of policy measures that relevant Chinese regulatory authorities have introduced in the past months with respect to regulating the development of the platform economy, the spokesperson said these measures are aimed at limiting monopoly, protecting small and medium-sized enterprises, safeguarding data and personal information security, and preventing the disorderly expansion of capital.
The expected regulatory revisions will by no means aim to ban VIE-structured firms from getting finance in international markets, but will subject such transactions to regulation, safeguard data security and prevent disorderly expansion of capital, Ren added.
"The risks derived from the production and trading of virtual currency are becoming prominent, and its blind and disorderly development has adverse effects on high-quality economic and social development, energy conservation and emissions reductions," Meng added.
"The risks derived from the production and trading of virtual currency are becoming prominent, and its blind and disorderly development has adverse effects on high-quality economic and social development, energy conservation and emissions reduction," Meng added.
"He cited the disorderly expansion of industrial capital in the finance field, illegal financial activities disguised as "financial innovation," and unfair competition of some large internet platforms in various financial services as major problems in the sector.
Therefore, anti-monopoly and preventive measures against disorderly capital expansion are urgently needed and conducive to fostering a new development paradigm, advancing high-quality development, and promoting common prosperity, Guo said.
Progress has been achieved regarding improving corporate governance, preventing the disorderly expansion of capital, prudently carrying out internet deposit and lending business in compliance with regulations.
Efforts will be made to ramp up the sound and standardized growth of all types of capital, while resolutely preventing the disorderly expansion of capital, according to the bank.
Stocks in the A-share market rebounded on Thursday as investors' fears seemed to have eased after digesting the nitty-gritty of the recent stringent regulatory measures, which are said to aim at preventing disorderly expansion of financial capital and strengthening anti-trust regulations.
Chinese financial regulators conducted a supervision interview on some Internet platforms that engaged in financial businesses to further strengthen the anti-monopoly campaign and prevent the disorderly expansion of capital, according to a statement released by the central bank on Thursday.
"The regulator will also maintain a market environment of fair competition, strengthen anti-monopoly efforts, prevent the disorderly expansion of capital and ensure financial innovation is conducted under prudential regulation," he added.
While tightening the information supervision of companies to be listed, the commission will unveil stricter measures to prevent disorderly capital expansion.
The country will also strengthen regulation of cooperation between banking and insurance institutions and internet platforms, resolutely contain monopolistic and unfair competition practices and prevent the disorderly expansion and wild growth of capital in the financial sector, according to the commission.
To prevent disorderly expansion of capital, the regulators have taken measures to rectify such problems, the CBIRC said.
These include strengthening efforts in antitrust and preventing the disorderly expansion of capital.
The ministry also stated clearly that banks will lose points or be downgraded in case of major risk events or if they set up subsidiaries in a disorderly manner.
"We must firmly oppose monopoly and unfair competition and prevent any disorderly expansion of capital.
Stricter antitrust restrictions are widely anticipated in the coming year, as Chinese officials vowed to intensify antimonopoly supervision and prevent "disorderly capital expansion" in the tone-setting Central Economic Work Conference that ended on Friday.
Since the country possesses adequate foreign exchange reserves and has many policy tools available, the possibility was relatively slim that the Renminbi exchange rate would fluctuate in a disorderly manner.
International Monetary Fund (IMF) Chief Economist Gita Gopinath said on Monday that countries reliant on external financing could find themselves at risk of "sudden stops and disorderly market conditions," possibly requiring foreign exchange intervention or temporary capital flow measures.
The CCDI said he violated political disciplines and State financial policies to blindly expand the company and operate it in a disorderly manner, resulting in it deviating from its primary tasks and business.
It will restrict disorderly competition among banks in many business areas," said Zeng Gang, director of banking research at the Chinese Academy of Social Sciences' Institute of Finance and Banking.
Ha, a former chief economist and managing director of China International Capital Co Ltd, believes that in the short term, capital control in China could play a role in deterring disorderly outflow.
No major shareholders, supervisors or management sold shares in blocks over the past three trading days, and the initial effects of the rules to curb disorderly stock sales had emerged, the bourse said in a statement.