PBoC’s regulatory power bolstered through legislation
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
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.
Som...