Premier Li Takes Helm of China’s Top Financial Regulator

What’s new: Premier Li Qiang has taken over as chief of the Central Financial Commission (CFC), a Communist Party body that oversees China’s 449 trillion yuan ($62.1 trillion) financial sector.

Li chaired a CFC meeting on Monday, approving a plan that aims to promote “high-quality” development of the sector, the state-run Xinhua News Agency reported.

The meeting called for the swift introduction of specific policies aimed at bolstering green finance, inclusive finance, retirement finance, digital finance, and financial support for the technology industry.