USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China's central bank highlights prevention of financial contagion

Xinhua | Updated: 2017-04-14 14:26

BEIJING — Guarding against financial contagion will be high on the central bank's agenda this year, a senior official said Thursday.

It will be challenging to maintain financial stability this year due to global financial uncertainties, mixed risks from foreign markets and rising illegal financial activities, Fan Yifei, deputy governor of the People's Bank of China (PBOC), pointed out at a meeting.

The central bank will enhance investigation to guard against financial risks and improve policy tools to maintain financial stability, such as using the deposit insurance system to deal with financial risks, according to Fan.

The PBOC will continue opening up the financial sector and engage further in global financial governance, he added.

China's financial markets regulators have been improving the supervision and punishment of financial irregularities this year to protect against systemic financial crisis, a key task outlined by the country's top leadership.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US