BEIJING, Dec. 5 -- China will further regulate financial markets and get tough on illegal financial activities, deputy head of China's banking regulator said Tuesday.
"Despite progress in the ongoing financial scrutiny, the market is still prone to risks both currently and for the future period, which should not be taken lightly," said Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission (CBRC).
"China's financial supervision will be increasingly stricter, with tougher punishment on market irregularities and imprudent operations," he said at the annual meeting of China's city commercial banks.
Wang asked city commercial banks to improve corporate management to further control and address financial risks, especially liquidity risks, which are the largest threat to small and medium-sized banks, and could lead to systemic and regional risks.
The CBRC has stepped up a crackdown on crime and disorder in the market this year, punishing 1,486 banking institutions and 1,096 individuals in January-October, imposing around 600 million yuan (about 90.63 million U.S. dollars) of fines
Following the tough supervision, China made progress in reining in risks in its banking sector, with the commercial bank capital adequacy ratio at 13.3 percent, and their provision coverage ratio nearing 180 percent, both relatively high levels, according to CBRC data.
安全系统存漏洞 ATM机键盘余温或泄露密码
生日决定命运 星座影响职场生涯
跟Sheldon学“剪刀石头布”
The Rainbow Over Rain 雨后彩虹
2019上半年CATTI笔译二级真题英译汉(第二篇)
国际英语资讯:News Analysis: U.S. Democrats squad receives disproportionate media attention, experts say
英国4岁小萝莉“丰乳肥臀”选美惹争议
辞职也要辞职得漂亮点
体坛英语资讯:Tottenham pay club record fee to sign Ndombele from Lyon
美拟建微型核电站为外星基地供电
换个角度看看世界的另一面
911调查新进展 袭击或非恐怖分子所为
震惊世界的十张照片
国际英语资讯:British arts minister bars rare painting of world-famous dancer from export
9-11事件残骸在华盛顿展出
国内英语资讯:Chinese religious circles strongly condemn U.S. defamation of Chinas freedom of religious
国际英语资讯:Palestinian president reiterates opposition to U.S. peace deal
太空垃圾数量已达“临界点”
瑞士某政党提议禁用PPT
国内英语资讯:Public security minister stresses security, stability in 70th anniversary of PRC