Chinese regulators are trying to........>

CHINA PRESS: Chinese regulators are trying to guide financial institutions into

stable and sustainable business areas and away from their previous models that

overvalued the speed and scale of growth, the Financial News, a newspaper

managed by the People's Bank of China, said Friday. Cao Yu, vvice chairman of

China Banking Regulatory Commission (CBRC), said that city commercial banks need

to decide what part of their business to retain or lose, what should parts

should be big or small, and whether their businesses should be fast or slow,

reflecting the regulator's push to prevent potential financial risks and promote

sustainable development models, the newspaper said. The market and society are

increasingly paying attention to optimizing economic structures and enhancing

asset quality. (Financial News)