China’s National Financial Regulatory Administration officially opens

Veteran banker and former provincial governor Li Yunze will lead new regulator

shu-189226361-china-map-flag

China officially opened its new financial regulatory body, the National Financial Regulatory Administration today (May 18).

At the opening ceremony, the NFRA’s party secretary, Li Yunze, said regulators will work hard to eliminate “gaps” and “blind spots” in regulation, financial news outlet Yicai reported. Authorities will strive to prevent systemic financial risks from happening, he added.

Li was appointed head of the NFRA on May 10. He was vice-governor of Sichuan province between 2018 and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.