China’s financial stability guarantee fund to safeguard against systemic risks to be ready by September

Source: China – South China Morning PostChina will complete its preparation for establishing a financial stability guarantee fund by the end of September with the central bank leading the work, a document published by State Council showed on Friday.Government departments including the National Development and Reform Commission, Ministry of Justice, Ministry of Finance and China Banking and Insurance Regulatory Commission will also be involved in preparing to set up the fund, it said.Premier Li Keqiang said in this year’s work report…Read More

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