PBOC Said to Be Set for Watchdog Role

The transcript discusses the evolution of financial regulation in China, highlighting the coordinated efforts of multiple regulators, including the PBOC. It compares China's approach to the US's pre-crisis regulatory outlook and emphasizes the importance of the National Financial Work Conference, a significant event held every five years to address financial oversight and set long-term objectives. The discussion also touches on China's focus on stability, regulation, and deleveraging, with recent actions by the banking regulator to manage exposure to active companies abroad.

What can we expect from the upcoming national financial work conference?

What does the speaker imply about the Chinese government's approach to leverage?