Economy

正China Issues Rules to Control Local Debt Risks China’s State Council in early October released rules to strengthen the supervision and management of local government debt,the fi rst such directive ever introduced by the Chinese cabinet.According to the State Council document,local governments will be conferred the right of debt fi nancing within a quota.A standard debt fi nancing mechanism for local     

Will Asian Infrastructure Investment Bank Become a Reality？

正THE world economic pattern is gradually changing in the wake of the international financial crisis.Under the context of economic globalization,the international division of labor is still in progress,but encounters ever more challenges.In addition to the hurdles confronting the multilateral trading system,further adjustments are also required to the global financial architecture.Regional financial cooperation,in common with regional trade cooperation,needs more favorable conditions to develop.The interaction     

THIS WEEK

正GIVING BLOOD,GIVING LIFE A man volunteers to have his blood drawn at a mobile blood drive in Bozhou,east China’s Anhui Province,on June 12.Many people across the nation stepped up to donate in celebration of World Blood Donor Day,which falls on June 14     

论我国《刑法》中的“内幕信息”

内幕信息是指对证券、期货交易活动具有重大影响且尚未公开的信息。内幕信息的特征和认定标准应当是两个,即未公开性和重要性。未公开性的认定应当采取形式公开为主、实质公开为辅的标准,根据"两高"最新出台的相关司法解释中的"内幕信息形成之时"和"内幕信息敏感期"认定公开时间和公开方式。重要性的认定应当由完全的"客观标准"向"主观标准"为主、"客观标准"为辅的主客观结合认定模式转变。"相关性"和"确定性"不是内幕信息的特征和判断标准,它们内在地被消解、融汇在重要性判断中。依循权力分工、制衡的法治精神,行政权和司法权的界分决定了在行政犯(罪)领域,行政监管机关对内幕信息内容和性质认定的行政性判断应当从属于司法机关的司法性判断,司法机关的司法性判断应当具有独立性和终局性。     

短线交易归入权行使相关问题探讨——美国法的启示与借鉴

短线交易归入权是公司所享有的收回短线交易利益的权利。对该权利如何行使我国法律法规规定过于原则,可操作性不强,导致司法实践中出现许多问题,应在借鉴美国立法经验的基础上,对短线交易归入权行使相关制度予以完善。     

建立中国特色碳配额许可交易体系的战略思考

减少碳排放已成为世界共识。当前世界各国应对气候变化的贸易政策主张可以分为边境碳调节税（碳关税）、碳排放许可交易（碳配额）两种类型。我们主张实行碳配额许可交易制度。它是执行联合国气候变化框架公约、贯彻其＂共同但有区别责任＂原则的政策选择,是应对国际贸易摩擦的重要手段。我国应把碳配额许可管理作为转变外贸发展方式的重要抓手,加快建立中国特色碳配额许可交易制度,在国际气候应对规则中加快夺取我们应有的参与权、引导权和决定权,争取国家有利的发展条件,推进我国贸易大国向贸易强国转变,推进我国进入富强和谐的碳中和时代。     

Smart Security For a SmartAge

正security concerns related to iphones prompt Chinese smartphone users to go domesticThe release of the iPhone 6 on September 10 triggered a new round of Apple-maniafor smart phone users around the worldHowever,while many are thrilled with the larger     

国际碳排放权交易机制对长三角区域建立碳排放权交易市场的启示

温室气体排放权交易市场迅速发展扩张,并已成为全球贸易中的新亮点。欧盟碳排放权交易体系的成功经验与美国芝加哥气候交易所的失败教训表明,强制减排是碳排放权交易市场持续发展的前提条件。该文提出,长三角区域具有建立我国区域性碳排放权交易市场的条件,可为进一步完善碳排放权交易市场积累经验,并在此基础上构成全国统一的碳交易市场。     

The Contours of “Cap and Trade”: The Evolution of Emissions Trading Systems for Greenhouse Gases

This article documents the evolution of “cap and trade” as a policy response to global climate change. Through an analysis of 33 distinct policy venues, the article describes how the cap and trade policy domain has developed along spatial, temporal, and institutional dimensions. This discussion demonstrates that following initial discussions of cap and trade in the Kyoto Protocol negotiations, the idea quickly spread to other policy venues, creating a complex system of multilevel governance, where many questions about how to govern emissions trading remain contested. The analysis contextualizes recent questioning of emissions trading as an appropriate mechanism for controlling GHG emissions, as well as the ongoing debates about who should govern cap and trade and how it should be carried out. The findings highlight the value added of a domain‐level perspective and suggest the need for future research on the sociopolitical nature of cap and trade policy debates.     

碳交易市场中国构建的几点法律思考

《京都议定书》所列出的三种灵活机制,使温室气体减排量成为可以交易的无形商品,为碳交易市场的发展奠定了基础。由于国际法上的不确定性因素以及各国利益诉求的差异,统一的国际碳交易市场尚未形成。中国因“清洁发展机制”项目（CDM）的开发,不可避免地卷入国际碳交易市场中。从发展低碳经济的目标出发,为增强中国在国际碳交易中的竞争能力,笔者建议要适应中国承担的国际义务以及应对气候变化的立场与承诺构建以自愿性减排为主的中国碳交易市场,构建符合中国国情的碳交易法律机制。