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China Banking and Insurance Regulatory Commission

China regulator says financial innovation must not create oligopolies

China regulator says financial innovation must not create oligopolies

  • Xiao defended the role of financial regulation in maintaining a fair market competition environment, reducing "too big to fail" moral hazards and maintaining financial stability.
  • Ma said China's regulatory system was stifling innovation and needed to be reformed to fuel growth.
Published 14 Nov, 2020 06:10pm