Reported 12 months ago
China is on the verge of introducing a financial stability law to prevent systemic financial risks, with a focus on setting up a fund to rescue troubled financial institutions. The law, the first of its kind in China, aims to address gaps in regulatory frameworks and ensure better coordination among financial regulators and market participants. The fund, supported by financial institutions and central bank loans, is crucial for dealing with major financial crises and aligns China with international practices of supporting systemically important institutions.
Source: YAHOO