From AFX via Forbes.com:<\/p>\n
China's state council, the country's cabinet, is planning a key meeting later this year to set a fresh agenda for the overhaul of its financial system, the Wall Street Journal reported, citing a government official.<\/p>\n
The meeting could yield changes for China's most troubled banks and usher in new programs to rejuvenate the securities and insurance industries, the report said, citing the unidentified official.<\/p>\n
The meeting could also help create a deposit insurance agency, modeled after the US Federal Deposit Insurance Corp (FDIC)<\/a>, an idea that is being studied by China's central bank and banking regulator, the source said. [Full Text]<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
From AFX via Forbes.com: China’s state council, the country’s cabinet, is planning a key meeting later this year to set a fresh agenda for the overhaul of its financial system, the Wall Street Journal reported, citing a government official. The meeting could yield changes for China’s most troubled banks and usher in new programs to […]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[3349,3375,379],"class_list":["post-8271","post","type-post","status-publish","format-standard","hentry","category-economy","tag-financial-markets","tag-financial-policies","tag-insurance","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
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