Mar 09, 2018 07:00 PM
FINANCE
China May Not Follow U.K. Model for Financial Regulation, Central Bank Chief Says

Zhou Xiaochuan, governor of the People's Bank of China. Photo: Liang Yingfei/Caixin
The central bank will take the lead in coordinating the work of financial regulators, People’s Bank of China (PBOC) Governor Zhou Xiaochuan said Friday, while downplaying speculation that the country will adopt a regulatory system similar to the U.K.’s “twin peaks” model.
The PBOC will “play an even more important role” in China’s new financial regulatory framework as the National Financial Work Conference decided in July to set up the office of the new cabinet-level Financial Stability and Development Committee (FSDC), dubbed the “super financial regulator,” at the central bank, Zhou said at a briefing.
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
-
Feb 16 18:55
-
Feb 16 01:33
-
Feb 15 19:57
-
Feb 15 18:52
-
Feb 15 18:21
-
Feb 15 17:58
-
Feb 15 17:33
-
Feb 15 15:08
-
Feb 15 15:30
-
Feb 15 14:07
-
Feb 15 14:20
-
Feb 15 12:57
-
Feb 15 12:44
-
Feb 15 11:29
-
Feb 15 10:06
MOST POPULAR
- 1Opinion: Sacrificing Half the World’s People Undercuts ‘The Wandering Earth’s’ Humanistic Message
- 2Two Large Chinese Borrowers Are Said to Miss Bond Payments
- 3China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 4Holiday Spending Bodes Poorly for China’s Economy This Year
- 5Indebted Chinese Investment Firm Turns to Thai Conglomerate for New Co-Chairman
GALLERY
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