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CHINA PRESS: China's financial risks are more complicated than ever, Yu Xuejun,
chairman of the supervisory board for key state-owned financial institutions
under the China Banking Regulatory Commission, said Thursday at the 2017 China
Banking Development Forum, the China Securities Journal reported Friday. Yu said
China's credit continues to surge, financial institution's balance sheets are
expanding rapidly and their business structures are undergoing major changes. He
also noted financial regulators are lagging behind financial innovation and
rapid changes in financial institutions, adding it's becoming more difficult to
manage and regulate China's macro-economy. (China Securities Journal)