News Analysis China’s Ministry of State Security (MSS) has expanded its powers to become the new leading force in maintaining financial stability amid an economic slowdown. This means that under Chinese leader Xi Jinping, the Chinese Communist Party (CCP) will further increase its control over the country’s financial sector—a role that the State Council previously held—to prevent a “large-scale crisis,” according to a China observer and financial analyst. Averting ‘Large-Scale Crisis’ On Oct. 30-31, the CCP held its Central Financial Work Conference—the highest-level meeting of China’s financial system—in Beijing, which all members of the Politburo Standing Committee attended. The State Council convened the event in the past, and the meeting was previously called the “National Financial Work Conference.”...Read more https://www.theepochtimes.com/china/chinas-national-security-agency-assumes-financial-oversight-to-avert-large-scale-crisis-analyst-5526854