BEIJING, May 29 -- China's banking regulator underlined the importance of treating both the symptoms and root causes of problems in the country's financial industry, Tuesday.
The banking and insurance sectors should steadily prevent risks, Huang Hong, vice chairman of China Banking and Insurance Regulatory Commission (CBIRC), told a financial forum.
"To address symptoms, resources must be mobilized to tackle problems prone to causing systematic risks. To tackle root causes, efforts must be made to improve equity management and corporate governance," he said.
"The regulator should toughen supervision on banking and insurance products and enhance protection of consumer interests," he said.
"In the meantime, banking and insurance sectors should make a difference in serving the real economy," Huang said. "Support should be extended to the country's key strategies, industries, projects, and weak points in the national economy."
He depicted the banking and insurance sectors as a "damper" of the economy and "stabilizer" of the society as they played a vital role in ensuring supply in sectors such as agriculture, pensions and health care.
Huang called for greater efforts to develop inclusive finance, give micro and small-sized businesses easier access to financial resources, and extend support to high-tech industries.
Prevention of financial risk is key for China in what policymakers called the "three tough battles," namely controlling risk, reducing poverty and tackling pollution.
China announced a merger of the banking and insurance regulators in March in an effort to step up scrutiny. The newly merged regulator was officially unveiled on April 8.
2017届高考英语一轮复习课时作业:unit 17 Laughter(北师大版)
2017届高考英语一轮复习学案:必修3 unit 7 The sea(北师大版)
2017届高考英语一轮复习课时作业:unit 9 Wheels(北师大版)
2017届高考英语一轮复习课时作业:unit 11 The Media(北师大版)
2017届高考英语一轮复习课堂检测:unit 21 Human Biology(北师大版)
2017届高考英语一轮复习课时作业:unit 19 Language(北师大版)
2017届高考英语一轮复习课堂检测:unit 24 Society(北师大版)
2017届高考英语一轮复习课时作业:unit 4 Cyberspace(北师大版)
2017届高考英语一轮复习课堂检测:unit 15 Learning(北师大版)
2017届高考英语一轮复习学案:必修2 unit 4 Cyberspace(北师大版)
2017届高考英语一轮复习课时作业:unit 16 Stories(北师大版)
2017届高考英语一轮复习学案:必修1 unit 2 Heroes(北师大版)
2017届高考英语一轮复习课堂检测:unit 16 Stories(北师大版)
2017届高考英语一轮复习学案:必修2 unit 6 Design(北师大版)
2017届高考英语一轮复习课堂检测:unit 18 Beauty(北师大版)
2017届高考英语一轮复习课时作业:unit 1 Lifestyles(北师大版)
2017届高考英语一轮复习限时训练:8-2 Cloning(新人教版)
2017届高考英语一轮复习课时作业:unit 18 Beauty(北师大版)
2017届高考英语一轮复习限时训练:8-1 A land of diversity(新人教版)
2017届高考英语一轮复习课堂检测:unit 22 Environmental Protection(北师大版)
2017届高考英语一轮复习学案:必修1 unit 3 Celebration(北师大版)
2017届高考英语一轮复习课时作业:unit 5 Rhythm(北师大版)
2017届高考英语一轮复习课堂检测:unit 13 People(北师大版)
2017届高考英语一轮复习学案:必修2 unit 5 Rhythm(北师大版)
2017届高考英语一轮复习课堂检测:unit 20 New Frontiers(北师大版)
2017届高考英语一轮复习课时作业:unit 7 The sea(北师大版)
2017届高考英语一轮复习课时作业:unit 22 Environmental Protection(北师大版)
2017届高考英语一轮复习课时作业:unit 13 People(北师大版)
2017届高考英语一轮复习限时训练:8-3 Inventors and inventions(新人教版)
2017届高考英语一轮复习课时作业:unit 21 Human Biology(北师大版)