Risk prevention a priority

Bad loans, property bubbles must be handled, financial expert at CPPCC says

Financial risk prevention will continue to be a tough task this year, requiring joint efforts to "hold the bottom line", especially by controlling the overall money supply and keeping a close eye on property bubbles, a national political adviser said on Sunday.

Yang Weimin, deputy head of the Office of the Central Leading Group on Financial and Economic Affairs, identified the financial system as "the most important area" for fending off risks. He called for measures to control total money supply and monitor credit growth.