Chinese regulators say they have made progress in efforts to curb the nation’s shadow banking sector, according to reports in the New York Times on Friday (Aug. 18). The Prudential Regulation Bureau said it has reached initial targets in its crackdown on illicit banking in China, which...
December 29, 2017
China’s banking regulator has issued a draft measure to amend licensing and oversight of the banking activities of foreign-backed financial companies, according to Thursday (Dec. 28) reports from Reuters. The move is intended to lure investments to China’s financial sector, an economic element that is currently in fast-growth mode. In a statement by the China Banking […]
