State Council issues 11 financial reform measures

On the basis of in-depth research, 11 financial reform measures will be launched in the near future, according to the unified deployment of the Finance Committee of the State Council.

On the basis of in-depth research, 11 financial reform measures will be launched in the near future, according to the unified deployment of the Finance Committee of the State Council.

They were jointed released by National Development and Reform Commission, Ministry of Finance, People’s Bank, Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, Foreign Exchange Bureau and other financial commission member units

These 11 measures include the promulgation of “Measures for the Supervision and Evaluation of Financial Services for Small and Micro Enterprises in Commercial Banks”, “Working Plan for Deepening Reform and Supplementary Capital for Small and Medium-sized Banks”, “Administrative Measures on the Initial Public Offering of Stocks on the Growth Enterprise Market (Trial)”, and “Strengthening Financial Illegality “Opinions on Administrative Penalties” etc.

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Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/28/state-council-issues-11-financial-reform-measures/.

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