The national financial regulator’s efforts to get more functions each under its own roof will help the agency regulate with greater consistency and expertise, though there could be drawbacks for some of the new departments, regulatory officials and industry insiders told Caixin.
In Depth: China Financial Regulator Aims for Greater Consistency With New Departments
2024年01月18日 19:41
National Financial Regulatory Administration moves responsibilities for authorization and supervision of asset management institutions each under its own roof
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- China’s national financial regulator has set up the Asset and Wealth Management Institution Supervision Department to oversee trust companies, insurers’ asset management subsidiaries, and banks’ wealth management subsidiaries. Photo: VCG
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