PBoC takes on regulation of key financial infrastructure

People’s Bank of China
The PBoC

The Chinese central bank has is­sued a new plan in a bid to improve reg­u­la­tion of the coun­try’s key fi­nan­cial in­fra­struc­tures, along with other top fi­nan­cial authorities.

The aim is to enhance regulators’ oversight of China’s systemically important financial infrastructure, such as clearing and settlement sys­tems and securities exchanges, according to the People’s Bank of China.

The plan could help reduce systemic fi­nan­cial risk by strengthening the de­vel­op­ment of fi­nan­cial

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