China is expected to continue to........>

CHINA PRESS: China is expected to continue to reduce arbitrage of financial

regulations next year, and lower cross-market, cross-sector and cross-field

financial risks to let more capital flow into the real economy,  the Financial

News, a newspaper of the People's Bank of China, said Thursday in an analysis of

the Central Economic Work Conference. The conference is one of the most

important annual events as China plans its economic development for the next

year. The conference's emphasis on a "prudent and neutral" monetary policy shows

the government's determination to stabilize the monetary and financial

environment for steady economic growth, said Chen Ji, a senior financial

researcher at China Construction Bank. It is possible to use of several tools

simultaneously to reduce market fluctuation and tackle liquidity risks while

maintaining relative stability of liquidity conditions and interest rates, Chen

said. The Central Economic Work Conference also focused on clamping down on

illegal financial activities, an analyst said, which could be interpreted as

indicating that there will be more controls on financial technology and private

financing, the two most problematic sectors. (Financial News)