BEIJING, Jan. 30 (Xinhua) -- The current risks of the banking and insurance industry in Shanghai are generally controllable, but the economic and financial situation is still complicated, said officials of the Shanghai Office of China Banking and Insurance Regulatory Commission (CBIRC) at a recent conference.
The conference determined that in 2019, the CBIRC Shanghai Office will continue to promote the high-quality growth of the banking and insurance sector in the city, by focusing on risk prevention and financial service improvement.
Specifically, the office will stress the risks in Internet finance and online loan, and continue to prevent credit risk, liquidity risks and risks of cross-market financial products.
In addition, it will strengthen the support for the private sector and for small and micro-sized enterprises, make the construction of Shanghai Technology Innovation Center a priority, and facilitate the establishment of a full-process consumer rights protection system. (Edited by Li Wenxin, liwenxin@xinhua.org)
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