China Likely to Take Aim at Shadow Bankers by March: Sources
Beijing is likely to roll out unified regulations to tame the country’s “shadow banking” sector before its annual legislative sessions, which are slated to open in early March, people familiar with the matter told Caixin.
The proposed regulations for the $15 trillion asset-management industry were published in November on the People’s Bank of China’s website. The final version is likely to be subject to amendments that will have to be approved by the Financial Stability and Development Committee of the State Council, China’s cabinet, knowledgeable sources close to the regulator said.
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