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China Banking Regulatory Commission.....>

CHINA PRESS
CHINA PRESS: China Banking Regulatory Commission has issued 973 fines totalling
CNY1 billion in the first quarter, China Securities Journal reported Monday. 
  - Most cases were involved with illegal interbank and wealth management
businesses, while illegal credit flowing into the property market was also a
major regulatory target. 
  - Several cases show weaknesses in banks' self-management: Journal. 
***Comments: The number indicates that tight regulation of the banking sector
has been maintained, and is expected to continue this year. As Guo Shuqing, a
strong proponent of reforms who increased rules and policies regulating banks,
was assigned to chair the merged China Banking and Insurance Regulatory
Commission, China's crackdown on illegalities in the banking and insurance
sectors will get harsher. 

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