(MENAFN) A senior central banker said, China will strengthen oversight of arbitrage that takes advantage of inappropriate regulations and increase penalties to try to prevent structural risks from getting out of control.
It has been quoted "These six forms of malicious regulatory arbitrage, which circumvent the regulatory system and its arrangements, and take advantage of the incompleteness of regulation, could result in risks to the entire financial system getting out of control."
Also, Yin called for clear rules and procedures on who qualifies to make certain investments, information disclosure procedures should be improved while risk management is made easier.
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