Regulator targets bank quality, risks

Financial products, irregularities focus of efforts to maintain order

China will deepen efforts to maintain market order in the banking industry to prevent financial risks and promote the high quality growth of banks, the sector's regulator said on Saturday.

The China Banking Regulatory Commission listed a wide range of activities as key points for rectification this year, including preventing banks from funneling funds into the stock market, the real estate industry, local government financing vehicles, or high-polluting and overcapacity industries that do not meet national industrial policies.