China has set up a state finance institute, expected to become the country's leading financial think tank, to address increasing complexity and the country's progress in opening-up and reform.
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The institute, to be operated by the PBC School of Finance under Tsinghua University, was co-founded by the university and China's major financial regulators, including the People's Bank of China and three top watchdogs for the banking, stock and insurance sectors.
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Liu Hongru, former deputy governor of the central bank and the first chairman of the China Securities Regulatory Commission, said on Saturday that the country's financial reform has entered a new phase to build an internationalized and market-based sector.
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He said he hopes the institute will strengthen research efforts and produce concrete results to tackle the complicated circumstances confronting the country's financial development.
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 China has set up a state finance institute, expected to become the country's leading financial think tank, to address increasing complexity and the country's progress in opening-up and reform.
