Financial holding groups and financial supervision in China
ANBOUND
Since the beginning of this year, some private financial holding companies in China have been in troubles, and these are not isolated incidents, as similar rectification will take place again. Rectification measures to prevent financial risks in China are gradually pointing to financial holding groups. The Chinese central bank previously said that it will continue to push forward the regulatory rules for financial holding companies and clarify regulatory requirements such as market access, corporate governance, capital adequacy and related party transactions, as well as explore and improve corresponding regulatory mechanisms. It is clear that the financial holding groups will become an important goal of strengthening financial supervision in the future