Econ and Finance - 14 Sep 2020

Regulators tighten rules on financial conglomerates

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On Sunday, the central bank (PBoC) released a newset of detailed rules to bring financial holding companies under closer regulatory oversight.

Some context: Two weeks ago, we flagged that the State Council passed rules on financial holding companies.

The PBoC is worried about risk contagion&n...

Snuh-ohez.

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