(Reuters) – China is set to create an agency led by the central bank to coordinate financial supervision, without changing the roles of existing industry watchdogs, the cabinet said on Tuesday.
The State Council said in its approval of the proposal from the People’s Bank of China (PBOC) that the new office will coordinate China’s monetary policies and financial regulations, maintain financial stability and reduce systemic risks.
Read Full Article HERE
Langi Chiang and Koh Gui Qing, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/o4A8dSbumeI/
No comments:
Post a Comment