The head of the China Banking and Insurance Regulatory Commission (CBRC) has urged Communist Party leaders to guard against financial risks while accelerating reforms, Shanghai Securities News reported.
Guo Shuqing, whois secretary of the CBRC party committee and the commission’s chairman, said financial institutions should be guided to increase support for advanced manufacturing and strategic emerging industries, improve rural financial services and promote green finance.
“We must unswervingly prevent and defuse financial risks, balance the relationship between stable growth and risk prevention, and resolutely maintain the bottom line of avoiding systemic financial risks,” Guo said
Read the full report: Shanghai Securities News
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