On March 5, the people’s Bank of China, the development and Reform Commission, the Ministry of finance, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the foreign exchange bureau jointly issued the work plan for overall supervision of financial infrastructure. The overall supervision scope of China’s financial infrastructure includes six types of facilities and their operating institutions, including financial asset registration and custody system, clearing and settlement system, trading facilities, transaction report base, important payment system, and basic credit system. In China’s current financial regulatory framework, the financial development and stability Committee of the StateRead More →
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