Caixin
Mar 14, 2018 07:59 PM
FINANCE

Central Bank Gets More Power in Government Shake-Up

The People's Bank of China headquarters is seen in Beijing. Photo: VCG
The People's Bank of China headquarters is seen in Beijing. Photo: VCG

*China Banking Regulatory Commission, China Insurance Regulatory Commission to merge

*Xu Zhong, director-general of the PBOC’s research bureau, explained the new regulatory system in an analysis published on Caixin’s Chinese-language website

(Beijing) — The People’s Bank of China (PBOC), the central bank, is set to gain new powers as part of a series of proposals published by the government on Tuesday to merge the country’s banking and insurance watchdogs.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
GALLERY
Copyright © 2017 Caixin Global Limited. All Rights Reserved.