Too many cooks: Regulatory confusion
HOME > PAST ISSUE > COVER STORY [Premium content]December 2007
Making sense of China’s financial system isn’t helped by the complicated regulatory network that governs it.
If, for example, an international agency wanted to issue renminbi-denominated “panda bonds,” it could have reason to go to any one of the National Development and Reform Commission (NDRC), the China Securities Regulatory Commission (CSRC), the China Banking Regulatory Commission (CBRC) or the Ministry of Finance (MOF). Each agency can claim to have ...
If, for example, an international agency wanted to issue renminbi-denominated “panda bonds,” it could have reason to go to any one of the National Development and Reform Commission (NDRC), the China Securities Regulatory Commission (CSRC), the China Banking Regulatory Commission (CBRC) or the Ministry of Finance (MOF). Each agency can claim to have ...
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