China launches stable financial regulatory reform
ANBOUND
The financial regulatory reform emphasizes a few key points: First, insistence on the direction of comprehensive financial industry operations, implements functional supervision and strengthens comprehensive supervision; second, separation of the functions of development and supervision, and separation of supervisory regulations and enforcement; third, strengthening of the central bank's macro-prudential management. In terms of specific implementation, the central bank will coordinate with the regulatory system's important financial institutions and financial holding companies, as well as coordinate the planning, constructing and regulating the infrastructure of important financial markets in an integrated manner; the coordination will also include the comprehensive statistics of the financial industry as well; this would be the most stable and the least volatile reform program.