Clear measures set to control financial risks

Vice-Premier: Institutions should enhance counter-cyclical adjustments

China's top financial regulators have warned about risks in complicated financial products and banks' off-balance sheet business, in a bid to prevent cross-market risk contagion, according to senior officials on Thursday.

Measures should be taken to "precisely" tackle different types of risk in the financial sector, and any contagion crossing regions and markets should be avoided, Vice-Premier Liu He said at the Lujiazui Forum in Shanghai on Thursday.