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Article: NEW SYSTEM OF FINANCIAL SUPERVISION ON HORIZON
- Article from:
- AsiaInfo Services
- Article date:
- March 13, 2001
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AsiaInfo Services
03-13-2001
New system of financial supervision on horizon
BEIJING, Mar 13, 2001 (AsiaPort via COMTEX) -- A possible drastic shake-up in the supervision of China's financial sector may be considered in an attempt to stamp out market abuses.
The proposals, which are at an early stage, would bring together the three main watchdogs to stop irregularities such as stock market manipulation.
The suggested measures, revealed by Wang Lianzhou, a senior official with the finance committee under the National People's Congress, would aim to make the system more efficient after China joins the World Trade Organization (WTO).
The possible shake-up would remove the supervisory function ...