State Nonferrous Metals Industry Association, hoping to hit their reports to the State Council, the State requesting him to come forward to coordinate, to defuse the crisis. 'But he wanted to be too optimistic point Nominally he is talking about a national strategy in the reserve, but in fact he's related businesses and national strategies do not detached, how could come forward to rescue the market by the state?' But this statement unproven. 'China Economic Weekly' reporter tried to contact the confirmation Pan, Pan said, do not accept any interviews, do not answer any questions. Who regulatory Pan Pan cash crisis, investors have been asking a question is: Pan Asia such a big thing, the regulatory authorities in Yunnan Province have no regulatory responsibility? In 2010, Pan Asia Kunming as key investment projects set up by the government for approval. December 27, 2010, the Kunming city government issued 'Kunming Pan-Asian non-ferrous metals exchange-traded market supervision and management of Interim Measures,' and set up by the vice mayor in charge of financial supervision, chaired the Committee of the Stock Exchange regulation. In April 21, 2011 Pan Asia 'Inauguration and opening ceremony', and when Ren Yunnan Provincial Committee, Kunming Party Secretary Qiu He first sounded the opening gong. The Government approved the establishment by the Government to set up a monitoring committee regulation, which is in its advertisements in Pan Asia focused part. Many accept the 'China Economic Weekly' reporter interviewed investors say, it is their trust based Pan Asia. Pan Asia in its official bulletin posted online, said since its establishment in 2010 approved by the Government, has been operating in legal compliance under the Yunnan provincial government, the Kunming municipal government guidance and regulation, including 'line three Yunnan trading venues revamp leading group office office ', including a number of government departments, has repeatedly made clear exchange legal compliance in writing. Since 2011, the State Council and the State Council has issued a 'Decision of the State Council on Rectifying all types of trading venues and effectively guard against financial risks' (Guo Fa [2011] No. 38) and the 'State Council on the rectification of all types of trading venues opinions '(Guo Ban Fa [2012] No. 37), decided to place all types of transactions to be sorted out. January 2012, the State Council approved the same
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