China for the first time set a goal to "accelerate building a financial powerhouse," and put the Communist Party in charge of achieving it, at the government's twice-a-decade Central Financial Work Conference.
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China aims to build 'financial powerhouse' led by Communist Party
Key commission will work under party's direct supervision amid slowing growth
Stock index boards are seen in Shanghai financial district: The government's twice-a-decade Central Financial Work Conference tasks the Communist Party with financial sector oversight. © Reuters
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