Financial Stability and Development Committee Calls for Greater Regulatory Coordination

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The third meeting of China’s recently formed Financial Stability and Development Committee (FSDC) has called for greater coordination between key central government agencies.

According to the meeting convened on 7 September China’s current macro-economic condition is stable overall, following further strengthening of the resilience of micro-economic actors.

Key work tasks in the near term will include “effectively grasping stable and neutral monetary policy, expanding policy support and regulatory coordination, and effectively resolving various forms of financial risk.”

The meeting placed especial emphasis upon increased coordination between financial regulators, the Ministry of Finance and the development and reform authorities, in order to better expedite the development of the real economy.

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