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China's Banking Regulator Flags More Support For Economy - Times

CHINA PRESS
MNI (Singapore)

It is necessary to strengthen financial services to the real economy and manage monetary supply to prevent the macro-leverage ratio from rising rapidly, Securities Times reported, citing an article by Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission. Financial institutions should increase medium and long-term support for advanced manufacturing and strategic emerging industries, and improve financing for SMEs, agriculture sector, rural areas and farmers, as well as people who have newly registered in a city, Guo wrote. It is also necessary to control the "blind" expansion of financial institutions and enhance tools to manage financial risks.

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