国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

Coordination urged to ease market volatility

By Li Xiang (China Daily) Updated: 2016-03-05 08:28

China needs better coordination and communication among its various regulatory agencies to ensure financial stability, a former chief banking regulator said on Friday.

Coordination urged to ease market volatility

Liu Mingkang, former chairman of the China Banking Regulatory Commission

The comment underscored the need for an overhaul of the country's financial regulatory system in the wake of the stock market rout since the summer.

Liu Mingkang, former chairman of the China Banking Regulatory Commission, said that multiple issues need to be addressed before reforming the existing financial regulatory agencies.

Also a member of the National Committee of the Chinese People's Political Consultative Conference, Liu was responding on the sidelines of the ongoing CPPCC meeting to earlier media reports that suggested that China is mulling the creation of a financial super-regulator as early as this year.

Options that are being discussed include a merger of the securities, banking and insurance regulatory commissions, according to the reports.

Pan Gongsheng, the deputy governor of the People's Bank of China and a CPPCC member, said on Friday that the Chinese authorities are studying the reform plan but there is no timetable for it.

The overhaul of China's financial regulatory framework has been in prime focus as the sharp volatility in the Chinese stock market has triggered calls for enhanced coordination and communication among various regulatory agencies.

Proposals are likely to be discussed by the country's lawmakers as the annual session of the National People's Congress, the top legislature, opens on Saturday.

Cai Esheng, former vice-chairman of the banking regulatory commission, said that the reform of the financial regulatory system should not be simply a combination of the securities, banking and insurance regulators.

"Clearly defined regulatory roles are needed first," Cai, who is also a CPPCC member, told China Daily on the sidelines of the CPPCC meeting.

"The ultimate purpose of the reform is to ensure a healthy and stable development of the financial sector and to improve the regulatory efficiency," he said.

The effort to reform the country's financial regulatory system took a step forward in 2013 when the State Council instructed the People's Bank of China to coordinate meetings on monetary and financial supervision.

Hot Topics

Editor's Picks
...
徐水县| 宜兴市| 泌阳县| 天水市| 长宁区| 英山县| 荆门市| 屏山县| 田林县| 惠水县| 小金县| 孝昌县| 杭州市| 锡林浩特市| 柳州市| 伊宁县| 琼结县| 临沧市| 红安县| 长宁区| 临夏市| 贵州省| 新余市| 昌吉市| 波密县| 东平县| 和顺县| 桐梓县| 龙泉市| 阿克苏市| 独山县| 涟水县| 崇文区| 麻城市| 密云县| 大足县| 尚义县| 安化县| 河北省| 上杭县| 靖西县|