Econ and Finance - 27 Oct 2020

PBoC’s regulatory power bolstered through legislation

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Yesterday, we mentioned that draft revisions to the Law of the People’s Bank of China did more than just laying the legal groundwork for the central bank’s digital currency.

The draft formally codifies the central bank’s (PBoC) place at the top of the heap of China’s financial regulators.

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Snuh-ohez.

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