China's regulator launching a ''check'' campaign

Wednesday, 10/08/2016 | 13:29 GMT-0

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China's banking regulator aims to resolve the financial discrepancies that caused a series of scandals across the nation.

China close to launch a ''check'' campaign

The nation's regulator will be launching a ''check'' campaign that will cover a range of business sectors, including wealth management, lending, bills, and deposits across the banking industry.

The inspections will cover, including the commercial banking sector, institutions such as money brokers, leasing organizations, and trust firms.

As per the Caixin's report, today, the nation's securities regulator urged futures brokers, fund houses, and securities firms to perform in-house self-inspections, as well as taking corrective measures if needed.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-regulator-launching-a-check-campaign

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