Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China to further strengthen financial oversight: official

June 09, 2023


Abstract : China will continue to strengthen modern financial oversight and eliminate regulatory gaps to forestall financial risks, Li Yunze, head of the National Financial Regulatory Administration, said Thursday.

File photo shows an exterior view of the Shanghai Stock Exchange at Pudong New Area in Shanghai, east China. (Xinhua)

SHANGHAI, June 8 (Xinhua) -- China will continue to strengthen modern financial oversight and eliminate regulatory gaps to forestall financial risks, Li Yunze, head of the National Financial Regulatory Administration, said Thursday.

Noting that strengthening and improving modern financial oversight is an important task in the country's financial sector, Li said at the 14th Lujiazui Forum that the country will resolutely eliminate regulatory gaps and blind spots.

The country will strive to make financial oversight more forward-looking, precise, effective and coordinated, Li said, pledging to enhance the coordination between the central and local administrators, rectify financial irregularities, and safeguard the legitimate rights and interests of financial consumers.

Stressing that preventing and defusing financial risks is the eternal theme of financial work, Li said that the country will forestall financial risks, strengthen financial oversight and enhance risk disposal measures.

"China's financial industry is operating smoothly on the whole, with risks generally controllable. The country is full qualified, confident and capable of firmly maintaining the bottom line of no systemic financial risk," he said.

Efforts will be made to increase financial support for new types of consumption and service consumption, foreign trade, scientific and technological self-reliance, advanced manufacturing and strategic emerging industries, Li said.

The country will also continue to promote high-level opening-up in the financial sector, and build a market-oriented, law-based and internationalized business environment, Li said.

Scan the QR code and push it to your mobile phone

Keyword: financial oversight

Reading:

China’s camping economy heats up further in summer, injecting new vitality into consumption market

Green transformation of China's manufacturing expands new industries, activates new engines

China's forex reserves down in May

【Financial Str. Release】MOC to cut negative list for foreign investment, official

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial