Financial regulation

Senior official with China’s new financial regulator targeted in corruption probe just a week into the job

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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

China’s ‘two sessions’ 2024: securities regulator comes out swinging at first press conference

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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