Free Trial

China to Improve Governance of Local Banks: Gov.cn

CHINA PRESS
MNI (Sydney)

China will enhance the governance and regulation of local financial institutions to improve the regional financial environment, said the Financial Stability and Development Commission headed by Vice Premier Liu He in a statement on Gov.cn. Local financial institutions should better serve small businesses and local residents to maintain a balance between financial supply and demand, the statement read. The Commission also urged the better use of IT to improve efficiency, and punishment for those failing to carry out their duties and avoid improper government interventions to stimulate the innovation of local financial institutions.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.