The People’s Bank of China (PBoC) and the State Council have together issued a set of new regulations on financial holding companies, requiring any non-financial company that owns two or more financial companies to register as a financial holding company. According to a press briefing on Monday, the Measures for the Supervision and Administration of Financial Holding Companies for Trial Implementation…
PBoC’s new rules on financial holding companies aim to mitigate systemic risks

PBOC