The powers of provincial-level branches of the People’s Bank of China (PBOC) are set to expand as they take on responsibility for coordinating local financial regulators and have their overall status upgraded, the latest measures in the government’s strategy to rein in financial risks.
Local Governments Face Tighter Oversight in Bid to Contain Financial Risks
PBOC gets more power to lead coordination among local regulators as campaign to control financial dangers intensifies
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- The new mechanisms will enable the central bank’s regional branches to hold local financial regulators accountable for misconduct.
版面编辑：喻竹杨洋
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