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Judges Seek Clarity on Illegal Lending

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Judges Seek Clarity on Illegal Lending 6 CHINA Wednesday, August 15, 2018 CHINA DAILY HONG KONG EDITION Judges seek clarity Atrocity remembered on illegal lending about 400 disputes involving Lawmaker says fraudulent deals private loans in 2012. Last year, the number was almost should be treated as criminal acts 3,000, and she estimated that the vast majority of them By CAO YIN CREDIBLE involved illegal behavior. [email protected] However, judges and police CHINA struggle to find sufficient evi­ Judges have called on law­ dence to open a criminal case, makers to clearly define ille­ she said. gal private lending and “Civil punishments are not provide guidelines for the powerful enough to solve this police, prosecutors and increasingly serious problem. courts as soon as possible to Civil punishments We urgently need criminal prevent financial risks. penalties to combat illegal Personal loans between are not powerful private lending,” Li said. “It private parties are legal in should be defined as a crime, A tour group from Taiwan visits the Nanjing Museum of the Site of Lijixiang Comfort Stations in Nanjing, Jiangsu province, on Tuesday — China, provided the agreed enough to solve as illegal loans cause great the sixth worldwide Comfort Women Day. The day is dedicated to the memory of so­called comfort women during World War II, who were annual interest does not damage to social stability, forced into sexual slavery in occupied territories by the Japanese army. CUI XIAO / FOR CHINA DAILY exceed 24 percent, under this increasingly people’s personal and proper­ guidelines from the Supreme ty safety and the financial People’s Court. serious problem.” market.” In recent years, disputes As a deputy to the National Li Li, civil court judge at the over missed payments have People’s Congress, Li submit­ Fangshan District People’s become commonplace in civ­ ted a suggestion to amend the Scottish school opens branch in Shenzhen Court in Beijing il courts nationwide, as len­ Criminal Law at the annual ders file lawsuits to reclaim session of the top legislature By BO LEUNG nese parents can afford to send With accommodations for ties such as horseback riding, the money they are owed, a notice ordering civil courts in Beijing in March. Under [email protected] their children to international 600, the senior school will be sailing, skating and golf, either in cash or other assets, — which handle the vast that suggestion, it would be a boarding schools to study exclusively for boarding stu­ among others.” such as property. majority of private loan criminal offense to fraudu­ British boarding schools under a Western education dents. According to the Centre for However, judicial officials defaults — to strictly distin­ lently take possession of setting up operations in China model. They hope it will land Of the teaching staff at Mer­ China and Globalisation, the are concerned many cases guish crimes from economic another’s property in the are on the rise as more expatri­ the students a place at a pres­ chiston International School, number of international may involve lenders using disputes when dealing with name of a private loan. ate families and wealthy Chi­ tigious Western university. 80 percent are from the Unit­ schools on the Chinese main­ illegal methods and manipu­ such cases and to transfer She also highlighted sever­ nese parents choose to send Secondary education, in ed Kingdom. land almost doubled to 597 in lation to make large profits suspect cases to the police. al situations in which lenders their children to international schools such as Eton and Har­ The school also highlights 2015 from 2013, with enroll­ from vulnerable borrowers, Li, who is also a national should be given heavy pun­ institutions. For some Chi­ row, has become a major attrac­ the importance of co­curricu­ ment rising 28 percent to according to Li Li, a civil legislator, welcomed the ishments, such as when bor­ nese, it’s a symbol of prestige. tion for the wealthiest Chinese, lar activities and sports, with 236,400 students. court judge who specializes move but said judges still rowers are injured or die over Later this month, Merchis­ according to Hurun, an organi­ the aim of developing stu­ Harrow, a British institution in financial cases in Fang­ need a clear definition of ille­ disputes about private loans. ton International School will zation that compiles an annual dents’ talents across a diverse founded in 1572, opened a shan District People’s Court gal lending as well as advice Li said what she most open its doors as the first list of the richest people and range. Shanghai campus in 2016, fol­ in Beijing. on how to collect evidence. wants to see is the legislature school in Shenzhen, Guang­ companies in China. Chris Lynn, head of the lowing one in Hong Kong and Jiang Nan, a criminal judge Civil court judges can rule officially identify the behav­ dong province, to offer student Located in Longhua district school, said: “We will nurture another in Beijing. London in the capital’s Haidian Dis­ only on the facts in front of iors as soon as possible. Her living arrangements along in northern Shenzhen, the our students and develop their independent school Dulwich trict People’s Court, said that them, such as bank transfer suggestion has yet to receive with a British education. school can cater to 1,200 stu­ talents through a diverse College, with a history dating those illegal methods include documents and loan agree­ a response from the NPC. The school is the first over­ dents aged 5 to 18. Lessons will range of interests — music, to the 17th century, operates private lenders offering loans ments, she said. Only when Jiang said revising the law seas campus for the 185­year­ be taught in English and pupils drama, art, Sinology, science five campuses in China. to people who they know will there are signs of serious needs some time, adding that old Merchiston Castle School, from grades 1 to 9 will follow and technology — as well as Merchiston International default, so they can force wrongdoing — such as providing specific steps on a top­ranked independent the English national curricu­ mainstream sports including School’s development came them to hand over property threats of violence or black­ how to transfer cases from school in Scotland’s capital, lum, with additional access to football, swimming, basket­ after a year of collaboration or other assets. That is fraud, mail — will a case be referred civil tribunals to police is Edinburgh. Mandarin language learning. ball, tennis and rugby. We will with Chinese investor Lyu Jiang said. to the police for investigation. more practical in the short The boom in China’s rising Senior students will study for also provide opportunities for Jianjun. Lyu’s son attended the On Sunday, the SPC issued Li said her court heard term. middle class means more Chi­ the IGCSE and A­levels. adventure and outdoor activi­ boarding school in Edinburgh. YANGTZE RIVER ECONOMIC BELT Zhoushan builds hub Internet technology for river­ocean cargo to assist healthcare By MA ZHENHUAN and Development Commission. XING YI in Zhoushan, Zhejiang On April 10, the nation’s first in Yangtze region dual sea­river vessel, Jinghai For 53­year­old Pan Guo­ Zhida 1 — which has a hull By HE WEI in Shanghai various cancers. hua, his job is similar to the shape and design that allows it [email protected] Chen Guangyu, Tencent’s sport of diving: Both require a to sail on rivers or ocean — vice­president, said the perfectly clean entry. completed its nonstop maiden Residents of China’s program has scanned hun­ But for Pan, it is definitely voyage from Ningbo Zhou­ Yangtze River delta region dreds of thousands of gas­ tougher. He needs to direct a shan Port to Ma’anshan Port in stand to benefit from dis­ troscopy images and is 400,000­metric­ton giant ves­ Anhui. A cargo ship carrying liquefied natural gas enters a port in Zhoushan, Zhejiang province, earlier this tant medical diagnosis and more than 90 percent accu­ sel to dock at a speed no faster Lyu Bing, the ship’s project month. YAO FENG / FOR CHINA DAILY algorithm­backed disease rate in diagnosing prelimi­ than 3 centimeters per sec­ manager at the Seahead Ship detection services. nary esophageal cancer. ond. Design Institute, said it can 738 20­foot­ Islands New Area and parts of Thanks to a healthcare “By accumulating mas­ “This poses a tough chal­ carry 20,000 tons of cargo in equivalent neighboring Ningbo, it agreement between local sive troves of data, the anal­ lenge for port pilots like us,” bulk with a fully loaded draft unit contain­ 458 encompasses a land area of authorities and Chinese ysis is expected to become said Pan, a senior pilot at of 9 meters. ers, and a 2,500 square kilometers, and a internet giant Tencent, even more reliable … and Ningbo Zhoushan Port. “We streamlined the ship 10,000­ton million tons sea area of 21,000 sq km. cloud computing, big data can effectively assist Last year, Ningbo Zhoushan model to increase its capacity, multifunc­ The Zhejiang Ocean Port and artificial intelligence younger doctors,” Chen Cargo throughput Port group, which manages all reduce its draft and lower its tional ship Development Commission, technologies will be said. in the Zhoushan Port the ports in Zhejiang province, height to fit the sailing circum­ Pan Guohua that can car­ which oversees the building of applied to digitalize the Smart healthcare solu­ area last year handled more than 1 billion stances in the Yangtze,” Lyu ry both con­ the center, said that in 2020 a medical sectors of Zhe­ tions are mushrooming metric tons of cargo.
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