China unveils draft law on financial stability to prevent systemic risks, to set up financial stability protection fund
FEATURES POLICY & REGULATION
China unveils draft law on financial stability to prevent systemic risks, to set up financial stability protection fund
FEATURES POLICY & REGULATION

China unveils draft law on financial stability to prevent systemic risks, to set up financial stability protection fund

 

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China on Wednesday unveiled a draft law on financial stability, including the setup of a financial stability protection fund, in a move to prevent systemic financial risks amid increasingly complex domestic and global environment.

The country will establish a financial stability protection fund to strengthen the ability to cope with major financial risks, and set up a comprehensive cross-agency mechanism for risk detection and disposal, the People's Bank of China (PBOC) said in . . .

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