PBOC Vows to Strengthen Supervision of Foreign Exchange Trading Platforms

[kreslik.news]

Just as the wind of regulatory changes in Europe has reached peak velocity and we now know what are the final deadlines for implementing ESMA regulations, Chinese authorities are on the wires again.

According to comments from People’s Bank of China (PBOC) officials, local authorities are paying close attention to internet finance. Chinese officials have vowed to protect the financial system and are firmly committed to supervising the activities of online entities among others.

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In an online statement issued after a meeting with the Ministry of Public Security, ... (read more)