China to enhance modern financial oversight

The National Financial Regulatory Authority in China has committed to developing and refining financial regulatory policies to support high-quality economic and social development. It has emphasized efforts to prevent systemic risks, address the risks faced by small and medium-sized financial institutions, and resolve issues related to real estate and local government debts. The focus will be on improving capital structures and services within the technology sector. Additionally, the authority will enhance the financial business environment in Shanghai and accelerate the implementation of pilot programs in areas such as pension finance and financial technology.

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