Nation plans regulatory changes

Move to help central bank plug gaping holes in current rules for financial sector

A more complex set-up for China's financial regulatory system is emerging, which is required to oversee the cross-market business of inflated financial groups by making professional and effective decisions, emphasizing the core role of the central bank in the restructured financial regulatory framework.

The above views came from research articles published during the weekend by Xu Zhong, head of the research institution of the People's Bank of China, the central bank.