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China's Financial Reform Efforts
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China's financial regulator aims to implement a 'One Province, One Policy' plan for financial risk management, focusing on addressing local debt issues and risk prevention. The country also plans to accelerate the reform of smaller financial institutions, tightening supervision and addressing key individuals and behaviors causing financial risks.
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How might China's 'One Province, One Policy' plan impact the uniformity of financial regulations across the country?
How might the focus on addressing key individuals and behaviors causing financial risks influence the broader regulatory environment in China?
What are the potential implications of tightening supervision on smaller financial institutions for the overall stability of the financial sector?
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