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China Weighs the ‘How’ of Financial Regulatory Reform

The central government last year created the Financial Stability and Development Committee, housed in the central bank (above), to better coordinate regulatory efforts among various agencies. Photo: VCG
The central government last year created the Financial Stability and Development Committee, housed in the central bank (above), to better coordinate regulatory efforts among various agencies. Photo: VCG

China is ready to shake up the highly fragmented regulatory framework overseeing its increasingly complicated financial markets. But policymakers are wrestling over how to best go about doing it.

China’s financial markets are now watched over by the People’s Bank of China and three agencies — the China Banking Regulatory Commission (CBRC), China Securities Regulatory Commission (CSRC) and China Insurance Regulatory Commission (CIRC).

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