Chief Banking Regulator Vows Closer Oversight, Greater Market Access
Top banking regulator Guo Shuqing said that the decreasing market share of foreign banks is not a good sign in terms of competition. Photo: Visual China
Tightening oversight of financial institutions and further opening of domestic markets are the priorities for China’s banking regulator going forward.
The China Banking Regulatory Commission (CBRC) will step up supervision of sprawling financial markets, despite initial success in curbing credit-fueled speculative activities, Chairman Guo Shuqing said at a press conference during the 19th National Congress of the Communist Party of China.
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
RELATED
MOST POPULAR
- 1Exclusive: Fallen Chief of Bad-Asset Manager Had Tons of Cash — Literally
- 2 Opinion: Trump’s China ‘Poison Pill’ May Hit Australia
- 3Shenzhen Has Billion-Dollar Bailout Plan For Local Companies
- 4Spy Camera Discovery Creates Outrage at Apartment Leasing Specialist
- 5Update: China’s Economic Growth Hasn’t Been This Slow Since Financial Crisis
SPONSORED
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas