China will set up a national data authority, downsize staff at central state institutions and strengthen its science ministry, according to a policy plan unveiled this week, in a sweeping revamp as …
FINANCE
China’s Financial Regulators Face Deep Pay Cuts After Overhaul
China’s financial watchdogs are facing massive pay cuts as Beijing overhauls the regulatory regime to further tighten the reins on the $60 trillion industry and comply with President Xi Jinping’s …
What China’s New, Powerful Financial Regulator Means for PBOC
China’s sweeping changes to the financial regulatory system will see the central bank lose some of its functions to a new and enlarged oversight body, leaving it focused on broader economic and …
China to set up new financial regulator in sweeping reform
China will set up a new financial regulatory body consolidating oversight, which analysts said was aimed at closing loopholes with multiple agencies monitoring different aspects of trillions of …
China to set up new financial watchdog as part of reforms
New body will replace banking and insurance regulators after concerns over creaking property market …
Beijing to set up new financial regulator
The new body will absorb its banking and insurance watchdog and oversee all financial sectors except the securities industry, according to a plan announced at the National People’s Congress Tuesday.
‘Requested China to roll over USD 2 billion deposits’: Pakistan tells IMF
Pakistan communicated to the IMF its plans to raise its dwindling foreign exchange reserves to USD 10 billion by the end of June.
China’s ‘two sessions’ 2023: Beijing announces super regulatory body to tackle ‘long-standing’ financial risk
The new agency will be responsible for supervising financial institutions outside the securities sector, protecting investors and diffusing systemic risks Xiao Jie, secretary general of the State …
Live news: China overhauls science and finance ministries as Xi Jinping enters third term
Live news: China overhauls science and finance ministries as Xi Jinping enters third term on facebook (opens in a new window) Live news: China overhauls science and finance ministries as Xi Jinping …
China to set up new financial watchdog in sweeping reform
China will set up a new national financial regulatory body, replacing its banking and insurance watchdog, as part of a government overhaul announced on Tuesday that includes plans for a national data …
China plans to overhaul central bank branches
China will advance reforms of branches of the People’s Bank of China, according to a plan submitted on Tuesday for deliberation to the national legislature. China will abolish regional branches of the …
China to advance reform of central bank branches
China will advance reform of the branches of the People’s Bank of China, the central bank, according to a plan on reforming State Council institutions submitted Tuesday to the national legislature for …
China to set up new financial regulator in major supervisory overhaul
BEIJING, March 7 (Reuters) – China will set up a national financial regulatory administration, according to a plan announced on Tuesday, in the biggest overhaul of the country’s financial supervisory …
