Pivotal overhaul of China's financial supervision framework

China's State Council submitted a proposal to China's National People's Congress, for deliberation. This proposal aims to restructure China's financial supervisory apparatus, which would be the first major overhaul of financial supervision in years. The first session of the 14th National People's Congress recently approved this proposal, and this article briefly summarises some key changes and predicts the likely impact on the financial market.

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