Xi's War on Risk Tops Financial Work Conference Agenda

The transcript discusses the National Financial Work Conference in China, highlighting its significance as it occurs every five years. The delay in the conference suggests a lack of consensus among policymakers on financial regulatory changes. The discussion also touches on the potential influence of the upcoming Communist Party Congress on the conference's agenda. The possibility of the People's Bank of China gaining more regulatory power is explored, along with the implications of such a change. The transcript concludes with a look at the timing of financial and structural reforms, suggesting that some announcements may occur before the Party Congress, while others may be delayed.

Why might it be important to address wealth management product regulations now?

What types of reforms are expected to be announced ahead of the 19th Party Congress?