BEIJING -- China's central bank has rolled out new restrictions that would bolster governance at companies with banking, brokerage and insurance operations in a bid to prevent fraud and curb risks in the country's financial sector.
Anbang and Tomorrow Group scandals trigger tougher scrutiny
The People's Bank of China is keeping a closer eye on established financial companies, as well as on relative newcomers like Alibaba Group Holding's Ant Group. © Reuters
BEIJING -- China's central bank has rolled out new restrictions that would bolster governance at companies with banking, brokerage and insurance operations in a bid to prevent fraud and curb risks in the country's financial sector.