China's president hands PBoC stronger role in tackling financial risks
China plans new financial stability and development committee to co-ordinate financial supervision
China will set up a financial stability and development committee to co-ordinate financial supervision and its central bank will play a stronger role in regulation, President Xi Jinping said at a government work conference that ended on July 15.
The two-day closed-door conference has been held every five years since 1997, gathering together top Chinese officials and setting the tone for financial reforms.
The meeting, presided over by president Xi Jinping, was held against the backdrop of
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