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China : CHINA sets up new leading financial think tank

May 12, 2014

China declared the establishment of state finance institute, expected to become the country's leading financial think tank.

The institute will guide to improve complexity and the country's progress in opening-up and reform. It will be operated by PBC School of Finance under Tsinghua University. It was founded by the university and China's major financial regulators, including the People's Bank of China and three top watchdogs for the banking, stock and insurance sectors.

Liu Hongru, former deputy governor of the central bank and the first chairman of the China Securities Regulatory Commission, commented that the country's financial reform has entered a new phase to set up an internationalized and market-based sector. The institute will boost research efforts and produce concrete results to solve the complicated circumstances confronting the country's financial development.

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Source: TendersInfo (India)

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