Beijing\'s overhaul announcement and state media coverage sought to boost consumer and investor confidence, which has been shaken by the Chinese economy\'s slow emerge.
Courtesy of the two sessions of the National People s Congress, Chinese President Xi Jinping is attempting to bring the country s digital sector under the centralized control of the Chinese Communist Party, reported Bitter Winter, a magazine on religious liberty and human rights.
On the 7th, the institutional reform plan of the State Council submitted to the First Session of the 14th National People's Congress for deliberation revealed that China plans to establish the State Financial Regulatory Administration to be responsible for the supervision of the financial industry except the securities industry. Strengthen capital market regulatory responsibilities, assign it to the National Development and Reform Commission's corporate bond issuance review responsibilities, and the China Securities Regulatory Commission is responsible for corporate (enterprise) bond issuance review work.