Looking closely at their operations provides an opportunity not just to see how they operate in practice, but also helps shed more light on Beijing’s policy priorities and the challenges it faces. For example, the establishment of new financial regulatory bodies by both central and provincial governments highlights the sense of urgency around tackling financial … Read more
A senior official from China’s new financial regulatory body has been detained by the country’s top anti-corruption watchdog, according to official announcements. The Central Commission for Discipline Inspection (CCDI) said on Tuesday that Ren Chunsheng, leader of the preparatory team for the Complaint Mediation Centre of the National Financial Regulatory Administration (NFRA), was under investigation … Read more
However, he added, “if the market gets out of control and experiences huge irrational shake-ups, liquidity runs, investor panic, a major investment confidence breakdown … [the commission] should make resolute moves to fix dysfunction.” The conference, held with other high-level officials on Wednesday, took place on the sidelines of the “two sessions”, the annual meetings … Read more
