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MNI BRIEF: China To Strengthen Control Of Financial Sector

MNI (Singapore)
(MNI) Beijing

Beijing will increase its oversight of the financal sector.

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Beijing will prevent and resolve financial risks and promote the Party’s control of the financial sector to improve its “high-quality development,” according to the latest Politburo meeting Xinhua News Agency reported on Monday.

Chaired by President Xi Jinping, the meeting highlighted the Party Central Committee's "centralised and unified leadership" over financial work and called for strengthening comprehensive financial regulation. (See MNI INTERVIEW: China To Contain Property Spillover - Advisor)

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Beijing will prevent and resolve financial risks and promote the Party’s control of the financial sector to improve its “high-quality development,” according to the latest Politburo meeting Xinhua News Agency reported on Monday.

Chaired by President Xi Jinping, the meeting highlighted the Party Central Committee's "centralised and unified leadership" over financial work and called for strengthening comprehensive financial regulation. (See MNI INTERVIEW: China To Contain Property Spillover - Advisor)

Keep reading...Show less