Fi­nan­cial Reg­u­la­tion

NewsChina - - MEDIA FOCUS -

Merg­ing the China Bank­ing Reg­u­la­tory Com­mis­sion and the China In­sur­ance Reg­u­la­tory Com­mis­sion into the China Bank­ing and In­sur­ance Reg­u­la­tory Com­mis­sion has been a fo­cus of China's re­cent gov­ern­ment agency over­haul in the fi­nan­cial reg­u­la­tory sec­tor. In re­cent years, ma­jor chal­lenges have emerged, in­clud­ing il­le­gal fund-rais­ing through the shadow-bank­ing sec­tor and through on­line P2P lend­ing plat­forms, partly due to the lack of strin­gent fi­nan­cial su­per­vi­sory mech­a­nisms. An­a­lysts ar­gue that the re­struc­tur­ing shows the cen­tral gov­ern­ment has re­al­ized the need for tight­ened su­per­vi­sion and close co­op­er­a­tion in the fi­nan­cial sys­tem, and is ready for fur­ther re­forms of the fi­nan­cial reg­u­la­tory sys­tem such as the re­la­tion­ship be­tween the cen­tral bank and reg­u­la­tory agen­cies.

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