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A further tightening of regulation to...>

CHINA PRESS
CHINA PRESS: A further tightening of regulation to control financial risks is
expected ahead, Economic Information Daily, a newspaper under the official
Xinhua News Agency, reported Tuesday, citing unidentified experts. China would
stick to its "two-pillar macro-control framework of monetary policy and
macro-prudential policy," the experts told the newspaper, arguing financial
regulators should better coordinate their efforts to fill regulatory voids
caused by new cross-sector financial businesses. New regulations on the wealth
management sector and banks' wealth management businesses would soon be issued
given the People's Bank of China is leading relevant regulators to study and
work towards creating a standardized rule to manage the wealth management
sector, the experts said. (Economic Information Daily)

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