Beijing, September 5 (Xinhua): General financial risks in China have decreased and are generally controllable as regulatory measures are strengthened, according to an annual report published by the Bank Popular of China.

The report, which evaluated the Stability of the China's financial system since 2020, said that the rapid continuous expansion of the country's macro leverage ratio failed effectively , several high-risk institutions were dealt with an orderly manner and risks related to reduced shadow banking.

The financial order was restored integrally during the period, the report was indicated.

Peer-to-Peer (P2P) business providers have been closed as a result of the regulatory repression of the sector, where investors prefer traditional lenders, such as Banks to lend directly to borrowers. The illegal collection of funds, cross-border game, underground banks and other illegal financial activities were unsuccessful.

progress has been made in the risks of private and financial capital funds, while the regulation of large FINTECH signatures was strengthened, according to the report.

Solid efforts should be made to advance the reform of small and medium financial institutions to deactivate the risks and lower credit risks, as well as guarantee the stable functioning of the Markets of actions, bonds and currencies and prevent the impact of external risks, said the report. Enditem follow by on Twitter and Facebook to join the conversation. Download applications from ChinaNews


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Image of China's Xinjiang posts foreign trade growth in Jan.-Aug.
China's Xinjiang posts foreign trade growth in Jan.-Aug.

Urumqi, September 20 (Xinhua) - China Northwestern China Autonomous Region of Xinjiang registered around 97.4 billion yuan (around 15.06 billion doll

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