PBOC warns of finance involution and reaffirms risk control focus

1 articles · Updated · Bloomberg · Apr 25

PBOC Governor Pan Gongsheng, after an internal meeting, stressed the importance of internal oversight, compliance, and performance standards in the finance sector.
The central bank and foreign-exchange regulator called for curbing excessive competition, describing it as a governance and discipline issue within China's financial industry.
This reiteration of risk control priorities comes amid ongoing concerns about distorted competition and the need to strengthen regulatory frameworks in China's evolving financial landscape.

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