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The People's Bank of China should further.....>

CHINA
CHINA: The People's Bank of China should further coordinate macro-prudent
regulation and controls on operations of market players in a bid to stem
frequent financial issues, wrote Xu Zhong, director of the PBOC Research Bureau,
in an article published on the Finance 40 Forum website on Sunday. The
regulatory arbitrage, messy off-balance-sheet transactions and illegal fund
raising in recent years indicate the contradiction between separated financial
supervision and mixed operations, Xu said. 
Comment: In practice, the responsibility of the PBOC has mainly been to provide
bailouts, instead of actual supervision. This makes dealing with financial
problems costly, and hardly prevents and resolves financial risks at an
effective pace.

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