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China creates finance sector super-regulator as it fights to rein in risks

By Toh Han Shih ( July 17, 2017, 09:35 GMT | Insight) -- China is to set up a cabinet-level financial stability committee and give more power to its central bank to tighten up supervision of its financial system. The plan for the finance sector super-regulator, which will operate under the auspices of the State Council, is to rein in arbitrage among the country's financial regulatory agencies, and echoes recommendations made by the International Monetary Fund six years ago.China is to set up a cabinet-level financial stability committee and give more power to its central bank to tighten up supervision of its financial system....

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