China’s State Financial Regulatory Administration is listed, analysis: it will not help solve China’s huge debt

The State Administration of Financial Supervision and Administration, newly established after the reform of the Communist Party of China and its institutions, was officially launched a few days ago. Chinese officials said that they will work hard to eliminate regulatory gaps and blind spots, and keep the bottom line of preventing systemic financial risks. Analysts said that this is an institution set up by the Chinese government to solve the problem of “mixed business” in the financial market, so as to avoid greater social rights protection problems in the future. It has a negative function of bottom-line defense in preventing financial risks, but it has no positive significance for solving China’s huge debt.

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