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FINANCE

Redrawing China’s Financial Regulatory Landscape

The top banking regulatory body was merged with the insurance regulator to create the China Banking and Insurance Regulatory Commission. Photo: Caixin
The top banking regulatory body was merged with the insurance regulator to create the China Banking and Insurance Regulatory Commission. Photo: Caixin

* The establishment of the Financial Stability and Development Commission in November is the centerpiece of the overhaul

* The regulatory restructuring also reallocates policymaking powers among the central bank and two regulatory commissions

Now that the outlines of China’s new financial supervisory landscape have become clear, officials are quickly painting in the details to complete an overhaul designed to make the nation’s market watchdogs more effective.

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