Chinese government hampering financial industry, World Bank warns

Chinese currency

The Chinese government's role as both owner and regulator of China's financial institutions is the basis for most existing problems and potential risks in the country's financial system, the World Bank has stated.

In a report released on February 27, China 2030: Building a modern, harmonious and creative high-income society, the World Bank called on China to improve its regulatory system and remove conflicts of interest.

"In spite of laws that insist upon segregation among banking, securities

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: