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China's central bank approves two financial holding companies to enhance regulation

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BEIJING/SHANGHAI : China's central bank said on Thursday that it approved the establishment of two financial holding companies in a move to enhance regulations and prevent contagious risks in the financial sector.The People's of Bank approved the establishment of China CITIC Financial Holdings and Beijing

FILE PHOTO: People wearing face masks walk past the headquarters of Chinese central bank People's Bank of China , where the Chinese national flag flies at half mast in Beijing as China holds a national mourning for those who died of the coronavirus disease , on the Qingming tomb-sweeping festival, April 4, 2020.

Tingshu Wang

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