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China Lawmakers Consider Extending Bking Supervisor Power
BEIJING -(Dow Jones)- China's national legislature started deliberations Friday on revisions to the country's banking regulatory law, a move that could broaden banking regulatory powers to include non-financial institutions and individuals, the official Xinhua News Agency said in a brief report.
The revisions could add power to China's primary financial watchdogs, the China Banking Regulatory Commission and the People's Bank of China.
Revisions to Chinese laws are often a long and drawn out process. China's corporate bankruptcy law was approved in August by the Standing Committee of China's National People's Congress after 12 years of drafting and deliberation.
dacare This entry was posted on October 28th, 2006 at 04:40:06 am by dacare and is filed under Banking & Financial Services.