China to Tighten up Oversight of Financial Holding Companies

New draft measures proposed by China’s central bank will mean some non-financial firms will be classified as financial holding companies and will require a license to operate.

3 minute readAugust 09, 2019 at 02:26 AM

Marilyn Romero

China to Tighten up Oversight of Financial Holding Companies

The People’s Bank of China, or PBOC, has recently released draft measures to tighten its oversight of financial holding companies as part of efforts to prevent risks to the financial

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