BR America       中文       Deutsch       Français       日本語       ChinAfrica
Search      Subscribe
Home      Nation      World      Business      Opinion      Lifestyle      Multimedia      Documents      Special Reports      Africa Travel
Latest Headlines
Banking Regulator Advisor Calls for Vigilance on Financial Risks

China should be vigilant about all kinds of financial risks as market development brings new products and new situations, Yang Kaisheng, a special advisor to China Banking Regulatory Commission, said on March 5.


Effective measures should be taken to oversee financial transactions and products yet to be covered by government regulation, Yang said at a press conference on the sidelines of the ongoing national political advisory session.


Yang, a political advisor and former president of the Industrial and Commercial Bank of China, the country's biggest lender, cited the government work report delivered by Premier Li Keqiang on March 5 that the government should be alert to the buildup of financial risks and create a "firewall" against them.


He said the government's call to stay vigilant against financial risks was made after full analysis of the situation.


But Yang struck a confident tone on China's financial stability, saying that China's financial risks are "under control" as there are sufficient provisions for bad loans in commercial banks and regulators are working on new supervision measures.


The report called for attention to financial risks such as non-performing assets, bond defaults, shadow banking and Internet finance.


(Xinhua News Agency March 6, 2017) 

About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: ChinAfrica   |   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CCTV   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
Chinese Dictionary: