Beijing plans new policies on financial discipline

BEIJING: 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.