StanChart Says China's New Committee a Positive Step

The transcript discusses the creation of a new cabinet-level committee in Beijing aimed at improving coordination among regulators to address regulatory arbitrage. The People's Bank of China (PBOC) is expected to play a significant role in the committee's operations. The establishment of this committee comes ahead of the 19th Party Congress, and while it is less aggressive than initially expected, it aims to enhance regulatory coordination without causing a regulatory vacuum.

What is the primary reason for establishing the new cabinet-level committee in Beijing?

• To increase the number of regulatory meetings

• To address inadequate coordination among regulators

• To enhance international trade

• To reduce the number of regulators

What role is the PBOC expected to play in the new committee?

• A significant role in daily operations

• A minor advisory role

• No role at all

• Only a financial oversight role

How did the market initially react to the formation of the new committee?

• With confusion

• With skepticism and low expectations

• With enthusiasm and high expectations

• With indifference

What major political event is mentioned in relation to the committee's formation?

• The State Council Meeting

• The 19th Party Congress

• The National People's Congress

• The 20th Party Congress

What is a potential risk mentioned regarding the formation of the new committee?

• Regulatory vacuum due to organizational shakeup

• Overregulation of small businesses

• Increased regulatory costs

• Decreased international cooperation