China to create bank regulator
China is to create a banking watchdog which will take over the regulatory responsibility for 110 commercial bank from the People's Bank of China.
Source: International Herald Tribune
China will create a banking watchdog headed by Liu Mingkang, the Bank of China president who earned plaudits for tackling three corruption investigations and selling $2.6 billion in shares, a central bank official said Tuesday.
The China Banking Regulatory Commission will take over supervision of 110 commercial lend
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