Central Bank: No unit or individual may establish or operate financial infrastructure in any form without approval

ChainCatcher news, the central bank is publicly soliciting opinions on the "Measures for the Supervision and Administration of Financial Infrastructure (Draft for Comments)." The China Securities Regulatory Commission is responsible for the admission management of newly established financial infrastructure related to securities, futures, and their related activities; it is mentioned that financial infrastructure that has or may have a significant impact on the financial system, or that relevant financial management departments of the State Council deem necessary, should be approved after obtaining the consent of the State Council. For foreign investments that affect or may affect the national security of the People's Republic of China, a foreign investment security review will be conducted in accordance with the law. Without approval, no unit or individual may establish or operate financial infrastructure in any form, nor may they use names involving financial infrastructure services or similar names such as "finance," "exchange," "trading center," "registration and settlement," "clearing," "trade reporting," etc. (Jin10)