BEIJING, Feb. 20 (Xinhua) -- The National Administration of Financial Regulation (NAFR) proposed to promulgate policies and measures to further strengthen market confidence and expectations, reported Xinhua-run China Securities Journal on Tuesday.
The Chinese financial regulator made the decision in a Monday-held meeting to arrange related regulatory and supervisory work.
Pledging to firmly adhere to the principle of guarding against occurrence of systemic financial risks, NAFR stressed risk monitoring, prevention and treatment in a pragmatic and detailed manner and acceleration in resolving existing risks and curbing potential risks to address actual problems in financial supervision.
NAFR also said to steadily advance branch organs reform and fill in the gaps in related regulations and mechanisms at a faster pace including releasing in accord with its plan related regulatory rules.
Highlighting strong and strict supervision, NAFR will investigate and seriously cope with significant illegal and irregular cases to severely crack down illegal financial activities. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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