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6 August 2026
- 11:4411:44, 6 August 2026 Hidden liquidity (hist | edit) [8,195 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Hidden liquidity''' is the portion of available trading interest in a financial market that is not publicly displayed in the visible order book but remains available for execution under specified trading conditions. Hidden liquidity is created through non-displayed or partially displayed orders, dark pools, reserve orders, iceberg orders, and other trading mechanisms that conceal the full size or existence of buy and sell orders until execution....") Tag: Visual edit
- 11:4311:43, 6 August 2026 Dark midpoint order (hist | edit) [7,837 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Dark midpoint order''' is a type of trading order used in a dark pool or other non-displayed trading venue that is executed at the midpoint of the national best bid and offer (NBBO) or an equivalent reference price. Unlike conventional orders entered into a public order book, a dark midpoint order is not displayed to the market before execution. Instead, it remains hidden until it is matched with a compatible order at the prevailing midpoint price, thereby...") Tag: Visual edit
- 11:4211:42, 6 August 2026 Block crossing (hist | edit) [7,790 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Block crossing''' is the execution of a large securities transaction by matching a substantial buy order and a corresponding sell order away from the continuous open market, typically through a stock exchange's crossing facility, an alternative trading system, or another regulated trading venue. The principal objective of block crossing is to enable the transfer of large quantities of securities while minimizing market impact, reducing information leakage, and imp...") Tag: Visual edit
- 11:4111:41, 6 August 2026 Round-lot trading (hist | edit) [7,836 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Round-lot trading''' is the purchase or sale of securities in quantities equal to or consisting of whole multiples of the standard trading unit, known as a '''round lot'''. In many equity markets, a round lot traditionally consists of 100 shares, although the standard trading unit may differ depending on the security, exchange, or jurisdiction. Round-lot trading has historically formed the basis of organized securities markets because standardized trade sizes simp...") Tag: Visual edit
- 11:4011:40, 6 August 2026 Market liquidity (hist | edit) [8,410 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Market liquidity''' is the ability of a financial market to facilitate the rapid purchase or sale of financial assets with minimal impact on their market prices. A liquid market enables buyers and sellers to execute transactions efficiently, quickly, and at prices close to the prevailing market value. Market liquidity is one of the fundamental characteristics of well-functioning financial markets because it supports price discovery, reduces transaction costs,...") Tag: Visual edit
- 11:3911:39, 6 August 2026 Odd-lot trading (hist | edit) [6,828 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Odd-lot trading''' is the purchase or sale of a quantity of securities that is smaller than the standard trading unit, commonly referred to as a '''round lot'''. In equity markets, a round lot traditionally consists of 100 shares, while an odd lot generally refers to any transaction involving fewer than 100 shares. Odd-lot trading enables investors to buy or sell securities in quantities that better match their investment objectives, available capital, or portfoli...") Tag: Visual edit
- 09:4709:47, 6 August 2026 Liquidity provider agreement (hist | edit) [8,679 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Liquidity provider agreement''' is a contractual arrangement between a stock exchange, trading venue, issuer, broker-dealer, or other financial institution and a market maker or liquidity provider that establishes the rights, obligations, and operational requirements for providing continuous market liquidity in one or more financial instruments. The agreement specifies the conditions under which the liquidity provider must maintain buy and sell quotations,...") Tag: Visual edit
- 09:4209:42, 6 August 2026 Supplemental liquidity provider (hist | edit) [8,183 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Supplemental liquidity provider''' ('''SLP''') is a market participant approved by a stock exchange to provide additional liquidity by continuously submitting competitive buy and sell quotations in designated securities. Unlike a Designated market maker, which typically has primary responsibility for maintaining orderly trading in assigned securities, a supplemental liquidity provider complements existing market-making activities by increasing market depth...") Tag: Visual edit
- 09:4109:41, 6 August 2026 Market microstructure (hist | edit) [9,236 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Market microstructure''' is the branch of financial economics that studies the processes, mechanisms, institutions, and rules governing the trading of financial securities and the formation of market prices. It examines how trading systems, market participants, order types, transaction costs, information flows, and market regulations influence price discovery, market liquidity, trading efficiency, and the behavior of financial markets. Unlike traditional f...") Tag: Visual edit
- 09:3909:39, 6 August 2026 Return on equity (hist | edit) [7,895 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Return on equity''' ('''ROE''') is a financial profitability ratio that measures the amount of net income generated by a company relative to its shareholders' equity during a specified accounting period. It indicates how efficiently a company uses the capital invested by its shareholders to generate profits and is one of the most widely used measures of corporate financial performance. Return on equity is commonly expressed as a percentage and is extensively used...") Tag: Visual edit
- 09:3809:38, 6 August 2026 Price-to-earnings ratio (hist | edit) [8,113 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Price-to-earnings ratio''' ('''P/E ratio''', '''price/earnings ratio''', or '''earnings multiple''') is a financial valuation ratio that measures the relationship between a company's market price per share and its earnings per share (EPS). It indicates how much investors are willing to pay for each unit of a company's earnings and is one of the most widely used metrics in equity valuation, investment analysis, and financial reporting. The price-to-earnings rat...") Tag: Visual edit
- 09:3609:36, 6 August 2026 International Accounting Standard 33 (hist | edit) [8,568 bytes] WikiSysopIG (talk | contribs) (Created page with "'''International Accounting Standard 33''' ('''IAS 33'''), titled '''''Earnings per Share''''', is an international financial reporting standard issued by the International Accounting Standards Board (IASB) that prescribes the principles for calculating and presenting earnings per share (EPS). The standard establishes uniform methodologies for determining both basic and diluted earnings per share, thereby improving the comparability of financial statements pr...")
- 09:3409:34, 6 August 2026 Bid-ask spread (hist | edit) [7,641 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Bid-ask spread''' (also known as the '''bid-offer spread''' or simply the '''spread''') is the difference between the highest price that a buyer is willing to pay for a financial asset (the ''bid price'') and the lowest price at which a seller is willing to sell the asset (the ''ask price'' or ''offer price''). The bid-ask spread is a fundamental measure of market liquidity, transaction costs, and price discovery in financial markets. It reflects the cost...")
- 09:3309:33, 6 August 2026 Price discovery (hist | edit) [8,461 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Price discovery''' is the process through which the market determines the fair value of a financial asset by continuously matching buy and sell orders in response to available information, investor expectations, and prevailing market conditions. It is one of the fundamental functions of financial markets, enabling securities, commodities, currencies, and other tradable assets to be priced efficiently through the interaction of buyers and sellers. Price discove...")
- 09:3109:31, 6 August 2026 Designated market maker (hist | edit) [8,898 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Designated market maker''' ('''DMM''') is a financial institution or broker-dealer appointed by a stock exchange to maintain orderly, fair, and efficient trading in one or more listed securities. A designated market maker is responsible for providing continuous two-sided quotations, facilitating liquidity, reducing excessive price volatility, and supporting price discovery by standing ready to buy and sell securities during normal market conditions. In return...")
- 09:3009:30, 6 August 2026 Index migration (hist | edit) [8,817 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Index migration''' is the process by which a security, company, or financial instrument moves from one stock market index to another as a result of changes in eligibility, market capitalization, market classification, sector classification, investment methodology, or index maintenance decisions. Index migration may occur during scheduled index reconstitution, following corporate actions, or as part of broader chang...")
- 09:2909:29, 6 August 2026 Semiannual rebalancing (hist | edit) [8,294 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Semiannual rebalancing''' is the scheduled process of adjusting the constituent weights of a stock market index every six months to restore the index to its prescribed weighting methodology. During a semiannual rebalance, index providers update constituent weights based on factors such as market capitalization, free-float market capitalization, free-float adjustment factors, capping factors, and other...")
- 09:2809:28, 6 August 2026 Quarterly reconstitution (hist | edit) [8,149 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Quarterly reconstitution''' is the scheduled review and revision of the constituent securities of a stock market index every three months to ensure that the index continues to represent its intended investment universe. During a quarterly reconstitution, index providers evaluate all eligible securities against the index methodology and may add new constituents, remove existing constituents, update free-float market capitalization|free-float market capitaliza...")
- 09:2709:27, 6 August 2026 Buffer rule (hist | edit) [8,057 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Buffer rule''' is a provision within an index maintenance methodology that establishes a range or threshold around the eligibility criteria for inclusion in a stock market index. Rather than adding or removing constituent securities immediately when they marginally cross a selection cutoff, a buffer rule allows existing constituents to remain in the index unless they fall below a lower threshold, while new companies must excee...")
- 09:2609:26, 6 August 2026 Fast exit rule (hist | edit) [8,263 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Fast exit rule''' is a provision within an index maintenance methodology that permits the removal of a constituent security from a stock market index before the next scheduled index reconstitution when predefined eligibility or investability criteria are no longer satisfied. Fast exit rules allow index providers to respond promptly to exceptional events that materially affect a company's suitability fo...")
- 09:2509:25, 6 August 2026 Hindu Undivided Family (hist | edit) [8,848 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Hindu Undivided Family''' ('''HUF''') is a distinct legal and taxable family entity recognized under Hindu law and the Income-tax Act, 1961 in India. It consists of lineal descendants of a common ancestor, including their spouses and unmarried daughters, who collectively own ancestral or jointly acquired family property. An HUF is treated as a separate legal person for taxation purposes, allowing it to own assets, conduct business, make investments, and fi...")
- 09:2409:24, 6 August 2026 Initial public offering (hist | edit) [8,123 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Initial public offering''' ('''IPO''') is the process through which a privately held company offers its shares to the public for the first time by listing them on a stock exchange. An initial public offering transforms a private company into a publicly traded company, enabling it to raise equity capital from public investors while providing an organized market for the trading of its shares. IPOs represent one of the principal methods through which businesses o...")
- 09:2409:24, 6 August 2026 Fast entry rule (hist | edit) [8,444 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Fast entry rule''' is a provision within an index maintenance methodology that permits a newly eligible security to be added to a stock market index before the next scheduled index reconstitution. Fast entry rules enable index providers to incorporate exceptionally large or highly investable companies into an index promptly when they satisfy predefined eligibility criteria, rather than requiring them t...")
- 09:2209:22, 6 August 2026 Index rebalancing (hist | edit) [8,153 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Index rebalancing''' is the periodic process of adjusting the weights of constituent securities within a stock market index to restore the index to its prescribed weighting methodology. Rebalancing ensures that the relative weights of constituent companies continue to reflect the rules established by the index methodology despite changes in share prices, market capitalization, free-float market capitalization, corporate actions, or other market develop...") Tag: Visual edit
- 09:2109:21, 6 August 2026 Index construction methodology (hist | edit) [9,583 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Index construction methodology''' is the systematic framework of principles, rules, and procedures used to design, calculate, and maintain a stock market index or other financial benchmark. It establishes how securities are selected, weighted, reviewed, and calculated so that the index consistently represents a defined market, sector, asset class, or investment strategy. A well-defined index construction methodology promotes transparency, objectivity, consiste...") Tag: Visual edit
- 09:1909:19, 6 August 2026 Earnings per share (hist | edit) [8,186 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Earnings per share''' ('''EPS''') is a financial performance measure that indicates the portion of a company's net earnings attributable to each outstanding ordinary share of stock during a specified reporting period. It is calculated by dividing the profit available to ordinary shareholders by the weighted average number of outstanding shares during the period. Earnings per share is one of the most widely used indicators of corporate profitability and is employed...") Tag: Visual edit
- 09:1909:19, 6 August 2026 Index reconstitution (hist | edit) [7,714 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Earnings per share''' ('''EPS''') is a financial performance measure that indicates the portion of a company's net earnings attributable to each outstanding ordinary share of stock during a specified reporting period. It is calculated by dividing the profit available to ordinary shareholders by the weighted average number of outstanding shares during the period. Earnings per share is one of the most widely used indicators of corporate profitability and is employed...") Tag: Visual edit
- 09:1809:18, 6 August 2026 Outstanding shares (hist | edit) [8,010 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Outstanding shares''' (also known as '''shares outstanding''' or '''issued and outstanding shares''') are the total number of shares of a company's stock that have been issued and are currently held by shareholders, including institutional investors, retail investors, company insiders, governments, promoters, and other entities. Outstanding shares represent the equity ownership of a company and form the basis for calculating important financial measures such as ...") Tag: Visual edit
- 09:1409:14, 6 August 2026 Float-adjusted shares (hist | edit) [7,458 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Float-adjusted shares''' (also known as '''free-float-adjusted shares''', '''investable shares''', or '''float-adjusted outstanding shares''') are the number of a company's outstanding shares that remain after excluding shares that are not considered readily available for public trading. These shares are used by stock exchanges and index providers to calculate free-float market capitalization, determine constituent weights in Stock market index|stock market...") Tag: Visual edit
- 09:1409:14, 6 August 2026 Index maintenance methodology (hist | edit) [10,145 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Index maintenance methodology''' is the systematic framework of rules, procedures, and governance practices used by an index provider to preserve the accuracy, consistency, investability, and representativeness of a stock market index throughout its lifecycle. Unlike Index construction methodology, which governs the initial design and composition of an index, index maintenance methodology focuses on the ongoing administration of the index after its launch,...") Tag: Visual edit
- 09:1209:12, 6 August 2026 Corporate action (hist | edit) [9,387 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Corporate action''' is an event initiated by a company that results in a change affecting its securities, shareholders, or capital structure. Corporate actions may alter the number of outstanding shares, ownership interests, dividend distributions, voting rights, or the organizational structure of a company. They are typically approved by a company's board of directors, shareholders, or both, depending on the nature of the transaction and applicable legal requirem...") Tag: Visual edit
- 09:0609:06, 6 August 2026 Index divisor adjustment (hist | edit) [8,524 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Index divisor adjustment''' is the process of modifying the divisor used in the calculation of a stock market index to ensure that changes resulting from corporate actions, constituent changes, or index maintenance events do not artificially affect the published value of the index. The adjustment preserves the continuity of the index by ensuring that only genuine market price movements influence index performance, while non-market events such as stock splits,...") Tag: Visual edit
- 09:0509:05, 6 August 2026 Globalization of financial markets (hist | edit) [9,375 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Globalization of financial markets''' is the process through which national financial systems become increasingly interconnected through the cross-border movement of capital, financial services, investment, technology, financial institutions, and market participants. It encompasses the integration of international banking, stock exchanges, bond markets, foreign exchange markets, derivatives markets, payment systems, and investment activities int...") Tag: Visual edit
- 09:0409:04, 6 August 2026 Foreign direct investment (hist | edit) [9,379 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Foreign direct investment''' ('''FDI''') is an investment made by an individual, company, government, or other entity from one country into a business enterprise located in another country with the objective of establishing a lasting interest and a significant degree of influence or control over its management. Unlike portfolio investment, which primarily involves the purchase of financial securities for investment purposes, foreign direct investment generally inv...") Tag: Visual edit
- 09:0309:03, 6 August 2026 Developed market (hist | edit) [8,846 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Developed market''' ('''developed economy''' or '''developed financial market''') is a country or jurisdiction with a mature, highly liquid, and well-regulated financial system that supports extensive domestic and international investment. Developed markets are characterized by advanced economic institutions, efficient capital markets, sophisticated financial infrastructure, strong legal and regulatory frameworks, and broad accessibility for domestic and foreign i...") Tag: Visual edit
- 09:0309:03, 6 August 2026 Frontier market (hist | edit) [8,652 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Frontier market''' ('''frontier economy''' or '''frontier market economy''') is a country whose financial markets are less developed, less liquid, and less accessible than those of an emerging market, but are more established than those of economies with little or no organized capital market activity. Frontier markets typically have functioning stock exchanges, developing financial institutions, improving regulatory frameworks, and increasin...") Tag: Visual edit
- 09:0209:02, 6 August 2026 Emerging market (hist | edit) [8,648 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Emerging market''' ('''emerging economy''' or '''emerging market economy''') is a country whose economy and financial markets are undergoing rapid industrialization, economic growth, and integration into the global economy but have not yet reached the level of development associated with advanced or developed economies. Emerging markets typically exhibit expanding capital markets, increasing foreign investment, improving regulatory frameworks, rising incomes, and...") Tag: Visual edit
- 09:0109:01, 6 August 2026 MSCI All Country World Index (hist | edit) [9,556 bytes] WikiSysopIG (talk | contribs) (Created page with "'''MSCI All Country World Index''' ('''MSCI ACWI''') is a global stock market index that measures the performance of large-capitalization and mid-capitalization companies across both developed and emerging market economies. Developed and maintained by MSCI Inc., the index is one of the world's most comprehensive and widely used equity benchmarks, providing investors with broad exposure to global equity markets through a single index. It is extensively use...") Tag: Visual edit
- 09:0009:00, 6 August 2026 MSCI Frontier Markets Index (hist | edit) [9,844 bytes] WikiSysopIG (talk | contribs) (Created page with "'''MSCI Frontier Markets Index''' ('''MSCI FM Index''') is a global stock market index that measures the performance of large-capitalization and mid-capitalization companies across frontier market economies. Developed and maintained by MSCI Inc., the index serves as a benchmark for equity investments in markets that are generally less developed, less liquid, and less accessible than those classified as emerging markets. It is widely used b...") Tag: Visual edit
- 08:5908:59, 6 August 2026 MSCI Emerging Markets Index (hist | edit) [9,731 bytes] WikiSysopIG (talk | contribs) (Created page with "'''MSCI Emerging Markets Index''' ('''MSCI EM Index''') is a global stock market index that measures the performance of large-capitalization and mid-capitalization companies across emerging market economies. Developed and maintained by MSCI Inc., the index is one of the world's most widely followed benchmarks for emerging market equities and is extensively used by institutional investors, exchange-traded funds (ETFs), index funds, pen...") Tag: Visual edit
- 08:5808:58, 6 August 2026 Passive investing (hist | edit) [8,852 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Passive investing''' is an investment strategy that seeks to replicate the performance of a specified stock market index, bond index, or other financial benchmark rather than attempting to outperform the market through active security selection or market timing. Passive investing is typically implemented by holding a diversified portfolio whose composition closely matches that of a benchmark index, with minimal trading except for periodic rebalancing. The appr...") Tag: Visual edit
- 08:5708:57, 6 August 2026 S&P 500 Equal Weight Index (hist | edit) [8,362 bytes] WikiSysopIG (talk | contribs) (Created page with " '''S&P 500 Equal Weight Index''' ('''S&P 500 EWI''') is an equal-weighted stock market index that measures the performance of the same 500 constituent companies included in the S&P 500, while assigning each constituent an equal weight at every scheduled rebalancing. Unlike the traditional S&P 500, which uses a free-float market capitalization-weighted methodology, the S&P 500 Equal Weight Index allocates approximately the same weight to every constituen...") Tag: Visual edit
- 08:5408:54, 6 August 2026 Market capitalization (hist | edit) [9,063 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Market capitalization''' ('''market cap''') is the total market value of a publicly traded company's outstanding shares of stock. It is calculated by multiplying the current market price of a company's shares by the total number of outstanding shares. Market capitalization is one of the most widely used measures of a company's size and is commonly employed by investors, financial analysts, stock exchanges, index providers, and regulators to classify companies, com...") Tag: Visual edit
- 08:5308:53, 6 August 2026 Capping factor (hist | edit) [7,584 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Capping factor''' ('''Cap factor''' or '''Weighting cap factor''') is a numerical adjustment coefficient used in the calculation of certain stock market indices to limit the maximum weight that an individual constituent security or group of related securities can contribute to an index. The capping factor reduces the effective market capitalization of constituents whose natural weight exceeds a specified threshold, thereby improving diversif...") Tag: Visual edit
- 08:5108:51, 6 August 2026 Nasdaq Index (hist | edit) [8,693 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Nasdaq Index''' is a collective term for a family of stock market indices developed and maintained by Nasdaq, Inc. to measure the performance of securities listed on the Nasdaq Stock Market and other global equity markets. The Nasdaq Index family includes broad market indices, sector-specific benchmarks, thematic indices, dividend indices, factor indices, fixed-income indices, and strategy-based indices. These indices are widely used...") Tag: Visual edit
- 08:4908:49, 6 August 2026 MSCI Index (hist | edit) [9,405 bytes] WikiSysopIG (talk | contribs) (Created page with "'''MSCI Index''' is a collective term for a family of global equity stock market indices developed and maintained by MSCI Inc. to measure the performance of equity markets across countries, regions, sectors, investment styles, and market capitalizations. These indices are widely used by institutional investors, asset managers, pension funds, sovereign wealth funds, exchange-traded funds (ETFs), and financial researchers as benchmarks for po...")
- 08:4208:42, 6 August 2026 Free-float adjustment factor (hist | edit) [8,948 bytes] WikiSysopIG (talk | contribs) (Created page with "'''Free-float adjustment factor''' ('''Free-float factor''', '''Investable Weight Factor''' or '''IWF''') is a numerical coefficient used in the calculation of free-float market capitalization-weighted stock market indices to adjust a company's total market capitalization so that only shares readily available for public trading are included. The adjustment factor represents the proportion of a company's outstanding shares that are considere...")
- 08:4008:40, 6 August 2026 National People's Congress (hist | edit) [9,968 bytes] WikiSysopIG (talk | contribs) (Created page with "'''National People's Congress''' ('''NPC'''; Chinese: 全国人民代表大会) is the national legislature of the People's Republic of China and the highest organ of state power under the Constitution of the People's Republic of China. Established in 1954, the National People's Congress exercises legislative authority, amends the Constitution, approves national economic and social development plans, adopts the state budget, elects and removes senior state of...")
- 08:3908:39, 6 August 2026 State Council of the People's Republic of China (hist | edit) [9,629 bytes] WikiSysopIG (talk | contribs) (Created page with "'''State Council of the People's Republic of China''' (Chinese: 中华人民共和国国务院), commonly referred to as the '''State Council''', is the chief administrative authority and executive organ of the People's Republic of China. It functions as the country's central government and is responsible for implementing laws, formulating administrative regulations, directing national economic and social development, supervis...") Tag: Visual edit
- 08:3808:38, 6 August 2026 China Banking Regulatory Commission (hist | edit) [9,681 bytes] WikiSysopIG (talk | contribs) (Created page with "'''China Banking Regulatory Commission''' ('''CBRC'''; Chinese: 中国银行业监督管理委员会) was the national banking regulator of the People's Republic of China from 2003 to 2018. Operating under the State Council of the People's Republic of China, the Commission was responsible for the prudential supervision and regulation of China's banking sector, including commercial banks, policy banks, rural financial institutions, foreign banks, trust compani...")