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Reform of China’s financial regulation system continues

Xi Jinping
Photo: Contributor/Getty Images

Changes seek to boost China’s competitiveness in fintech and address persistent problems with corruption in some sectors of the economy.

Development and regulation of emerging industries will be central to the work of China’s new financial regulator as fintech continues to emerge as a major player in the country’s economy.

Details of the responsibilities of the new National Administration of Financial Regulation (NAFR) have been revealed after the

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