Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China establishes national financial regulatory administration

May 18, 2023


Abstract : The National Administration of Financial Regulation (NAFR) was officially set up on Thursday as China's new financial regulator, marking an important step in the country's institutional reform on financial supervision.

BEIJING, May 18 (Xinhua) -- The National Administration of Financial Regulation (NAFR) was officially set up on Thursday as China's new financial regulator, marking an important step in the country's institutional reform on financial supervision.

The NAFR, directly under the State Council, is formed on the basis of the China Banking and Insurance Regulatory Commission.

The new administration is in charge of regulating the financial industry, with the exception of the securities sector. It will take over certain functions of the People's Bank of China and the China Securities Regulatory Commission.

The establishment of the new regulator is expected to strengthen and improve the country's financial regulation, and tackle some of the long-standing and prominent problems in the financial sector.

The plan to set up the administration was adopted by the national legislature in March. 

Scan the QR code and push it to your mobile phone

Keyword: China financial sector

Reading:

Huawei launches six partner alliances at Asia Pacific Partners Conference 2023

Northeast Asia Finance Conference 2023 opens in Shenyang to discuss new trend of financial development

【Financial Str. Release】China issues rules to regulate overseas GDR issuance by listed firms at home

Shandong Electric Power kicks off Luofeng 500 kV power transmission and transformation project

China-Central Asia cooperation to advance into new stage on solid foundations

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial