Regulators curb market irregularities

China has spared no efforts to carry out supply-side reform and fight against financial market irregularities by better regulating high-risk institutions to make overall risk manageable, officials of the China Banking and Insurance Regulatory Commission said on Thursday.

They said the regulator will continue to advance supply-side structural reform in the financial sector and strike a balance between stabilizing growth and fending off risk.

In the past two years, China reduced high-risk assets worth 13.74 trillion yuan ($2 trillion), restraining the flow of resources from the real economy - the part of the economy that produces goods and services - to the virtual economy, said Zhou Liang, vice-chairman of the CBIRC, at a news conference.