News

3Novices:China’s ‘super regulator’ fails to impress

The creation of a financial stability committee has demonstrated the top leadership’s desire to avoid a financial crisis, but also exposed Beijing’s limited ability to make radical changes within its bureaucracy, analysts said.
The idea of merging the central bank with the regulators for banking, securities and insurance into a super regulator was discarded. Instead, Beijing has decided to create a new agency – the Financial Stability and Development Committee under the State…
July 18, 2017 at 06:30AM http://ift.tt/2vbCyon
#3Novices #News #OnlineMedia #China 3Novices China

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