China to Blacklist Severe Financial Violators for Three Years
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The National Financial Regulatory Administration. Photo: VCG
China’s top financial regulator will blacklist severe violators for three years under new rules taking effect in October.
The National Financial Regulatory Administration issued the trial framework Friday.
The move marks a significant step in Beijing’s broader push to build a nationwide social credit system by weeding out misconduct and tightening scrutiny over the financial sector.
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