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PBoC’s new rules on financial holding companies aim to mitigate systemic risks

PBOC:

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…

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