China just announced a major government overhaul that will shake up the oversight of its financial system and boost its technology self-reliance, as financial distress is rising and a tech war with …
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Analysis: China’s financial regulatory revamp raises hope, some concern over control
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention.
What China’s 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’s Financial Regulators Face Deep Pay Cuts After Revamp
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 …
China To Revamp Data, Tech Authorities In Self-reliance Push
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 …
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 …
