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Vice-premier urges stronger integrated financial supervision

Updated: Mar 28,2018 7:30 AM     Xinhua

BEIJING — Vice-Premier Liu He said that China would accelerate regulatory adjustments in banking and insurance sectors to step up integrated oversight of financial institutions on March 27.

“To win the battle against financial risks is a priority of the country’s current financial work,” Liu said during an inspection trip to major supervisors, including the central bank and the newly-formed banking and insurance regulator.

“The financial stability and development committee under the State Council will strengthen its role of overall coordination,” Liu said. “China will improve financial support for the real economy, maintain a prudent, neutral monetary policy, ensure reasonable, stable liquidity, and push for healthy development of the capital markets.”

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