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CHINA PRESS: China banking regulators are targeting large financial companies
created illegally with complicated structures and irregular investment
activities this year, China Banking Regulatory Commission Chairman Guo Shuqing
was citied as saying by Wednesday's People's Daily.
- Stability of China's financial sector threatened by factors including
non-performing bad assets, shadowy transactions and illicit activities: Guo
- Regulators' key tasks are to strengthen risk controls, continue with
deleveraging programs targeting corporate and household debt, curb property
bubbles, and tackle the local government debt problem: Guo
***TAKEAWAY: Regulators still see great risks in the banking sector and
financial activities will remain limited by close scrutiny.