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Economy

China enters new financial regulation phase

2023-05-18 11:56:39chinadaily.com.cn Editor : Li Yan ECNS App Download

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.

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