CBIRC releases three-year action plan for financial sector corporate governance

After a string of scandals and failures at Chinese financial institutions over the past few years, regulators have identified corporate governance as a major weak link that poses significant risks to the financial system. Over the past few months, several top officials, including Guo Shuqing, the chairman of the CBIRC and party chief of the central bank, have given high-profile speeches and written articles for …