China Begins Overhaul of Financial Regulators Amid Greater Economic Instability

Key Takeaways

• At the National People’s Congress, China announced major financial restructuring, with the role of the party becoming greater.
• The changes are intended to improve China’s financial stability and mitigate financial risks.
• Many of the details on the restructuring remain unclear, but more details could emerge at the National Finance Work Conference in mid-2023.