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China enters new financial regulation phase

By Jiang Xueqing | chinadaily.com.cn | Updated: 2023-05-18 10:09

A view of China's new national financial regulatory administration on May 18, 2023. [Photo by Jiang Xueqing / China Daily]

China's new national financial regulatory administration held its opening ceremony on Thursday, closing the operations of the China Banking and Insurance Regulatory Commission.

China has entered a new phase of financial regulation, under the framework jointly formed by the People's Bank of China, the national financial regulatory administration and the China Securities Regulatory Commission.

jiangxueqing@chinadaily.com.cn

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