Reuters logo
China to encourage financial innovation, control potential risks
March 24, 2017 / 8:10 AM / 9 months ago

China to encourage financial innovation, control potential risks

BEIJING, March 24 (Reuters) - China will encourage financial innovation and will control potential risks arising from it, Wang Zhaoxing, vice chairman of China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday.

Measures to control the risks could include higher provisions and capital requirements, Wang said, according to transcript of the speech.

Reporting by Kevin Yao and Beijing Monitoring Desk; Editing by Kim Coghill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below