首页 > >
Argentina's Barros Schelotto appointed Paraguay head coach******
ASUNCION, Oct. 20 (Xinhua) -- Former Boca Juniors and Argentina international forward Guillermo Barros Schelotto was appointed head coach of Paraguay's national team on Wednesday, less than a week after the sacking of his compatriot Eduardo Berizzo.
Barros Schelotto will be tied to the Albirroja until the end of the 2024 Copa America, the Paraguayan Football Association (APF) said in a brief statement published on its official website late Wednesday.
The 48-year-old will be joined by twin brother Gustavo, who will be his assistant coach.
"[They] will begin working immediately to prepare for the next qualifiers for the 2022 World Cup in Qatar," the statement read.
Berizzo was sacked last Thursday following more than two and a half years in charge. His dismissal came just hours after Paraguay suffered a 4-0 defeat away to Bolivia in a 2022 FIFA World Cup qualifier, a result that left the Guaranies eighth in the 10-team South American group.
Schelotto has been out of work since ending his spell in charge of LA Galaxy in November last year. He has also managed Boca Juniors, Lanus and Italian side Palermo since ending his playing career in 2011.
Paraguay's next 2022 World Cup qualifiers will be a home clash against Chile on November 11 followed by a visit to Colombia five days later. Enditem
Interview: China aims for better finance environment through regulation, innovation******
BEIJING, Oct. 20 (Xinhua) -- China strives to create a better finance environment through strengthened laws, regulations, and innovation, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, told Xinhua in an interview.
As the world's second-largest modern financial system, China's financial system has strong vitality with its openness, competitiveness, fairness, and inclusiveness at a high level, said Guo, also Party secretary of the People's Bank of China, the central bank.
In terms of competitiveness, he said, there are more than 4,000 institutions in China's banking system. The market share of the four major state banks is only about 34 percent, with the industry concentration far lower than that of developed countries.
In addition, China's mobile payment, online credit, and internet insurance businesses are booming, and these fields are dominated by private capital, he said.
"Without the support of financial institutions and policies, it is difficult to have such a situation," Guo added.
On the other hand, Guo admitted that "monopolies and unfair competition are prominent problems in certain areas of China's financial sector."
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.
China has taken a slew of measures to combat monopolies, including strengthened supervision over behaviors of major shareholders of banking, insurance, and securities institutions and their equity management, and the 2020-2022 action plan for the corporate-governance reform of state-owned enterprises.
Guo stressed that Chinese authorities place equal emphasis on strengthened regulations and innovation, noting that financial innovation is encouraged on the premise of "people first."
He pledged further measures to create a better finance environment for the private economy, such as encouraging banks to accelerate their digital transformation and providing private businesses with more convenient financial services. Enditem