he National Administration of Financial Regulation (NAFR), a new watchdog for the country’s financial business, was launched on May 18. This agency replaces the China Banking and Insurance Regulatory Commission, which was established in 2018. It also takes over certain functions from the People’s Bank of China (PBC), the central bank, including protecting consumers of financial services,
Streamlined Regulation Aims For a Healthier Industry
Jun 01, 2023
2 minutes
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