China debates creation of financial super-regulator

Super-regulator to oversee the banking, securities and insurance sectors.

Wang Feng, deputy director of the State Commission Office for Public Sector Reform said the issue is quite complicated. The government has so far refrained from reforming its current financial regulatory bodies in its latest institutional reform package.

Wang said policymakers noticed that a financial regulator with mixed operations is a trend in other countries compared with a single regulator supervising the banking, securities and insurance sectors.

China currently has the China Banking Regulatory Commission to oversee the banking sector, the China Securities Regulatory Commission to supervise the equity markets and the China Insurance Regulatory Commission to regulate the insurance sector.

"Should we change the existing method of regulation? We don't know. Is it the time now? We don't know," Wang said, "So let's take a cautious attitude and have a look first."

Also Read

EnterpriseSG and CEB to boost financing for Singapore firms' overseas expansion

Why do CFOs struggle with sustainability reporting requirements?

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit