Finance
China to Improve Supervision Mechanism for Finance Industry
Stock figures in Pudong's Lujiazui Financial District in Shanghai.
Photographer: Raul Ariano/BloombergThis article is for subscribers only.
China will improve its supervision mechanism for the $66 trillion financial sector and regulate all sorts of financial activities, according to the ruling Communist Party’s long-term plan for the world’s second-largest economy.
The government will formulate financial law to strengthen regulatory responsibilities and accountability, according to a document published by the official Xinhua News Agency on Sunday.