Banking (General)  

CBIRC releases draft revisions to banking supervision law

China is in the midst of a major overhaul of laws and regulations that govern the financial system to ensure they keep up with the significant changes that have taken place over the past decade. The law governing the People’s Bank of China is being revised, and new laws or regulations in areas such as futures and derivatives, foreign-funded banks and data protection have been promulgated or are in the works.

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