China is building a broad regulatory framework that covers all financing activities, from traditional bank lending to off-budget debt financing, including the internet giants that provide financial services. - Bloomberg
BEIJING (China Daily/ANN): China plans to impose new measures to tighten financial discipline, prevent major risks and improve its financial structure in support of steady economic development, according to the central bank governor and financial regulators.
Their articles, included in a recently published book, highlight key tasks for the next five years, such as the government's increased scrutiny of the financial sector to tackle credit defaults, curbing misconduct and encouraging financing through the equity market, experts said.
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