China to escalate efforts in curbing financial risks

          Source: Xinhua| 2018-08-30 17:50:29|Editor: Li Xia
          Video PlayerClose

          BEIJING, Aug. 30 (Xinhua) -- China's banking and insurance regulator has vowed to step up efforts in curbing financial risks and deepening reform and opening-up in the sectors.

          China's economy has maintained steady growth with good momentum this year, yet new challenges remain given potential financial risks and existing illegal financial activities, according to a meeting of the China Banking and Insurance Regulatory Commission (CBIRC) held on Wednesday.

          The commission stressed that banking and insurance regulators should strengthen efforts in preventing Internet financial risks and unswervingly curb property bubbles.

          Since the beginning of the year, the CBIRC has enhanced its supervision on Internet financial risks, especially Internet loans. A total of 1,483 banks and insurance companies were fined 1.64 billion yuan (about 241 million U.S. dollars) from January to July in 2018.

          The commission also highlighted the importance of strengthening financial services to better serve the real economy while constraining financial risks through deepening supply-side structural reform.

          By the end of July, loans issued from banking and financial institutions grew 12.4 percent year on year. Loans in the infrastructure sector saw a 9.9 percent growth while the agriculture-related loans rose 7.2 percent year on year.

          It was decided at the meeting to deepen reform and opening-up in the banking and insurance sectors and substantially widen market access.

          Banks and insurance companies are encouraged to explore diversified and sustainable financial plans to provide financial services for countries along the Belt and Road.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001374309961
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  在线深夜AV免费永久观看 | 精品亚洲成a人在线观看青青 | 亚洲国内自拍欧美一区二区三区 | 亚洲精品视频在线 | 中文字幕亚洲一区一区漫画 | 日韩一级精品视频在线观看 |