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CHINA PRESS
CHINA PRESS: Chinese regulators have been closely monitoring the financial and
technology relationships between banks and third party platforms as they look to
minimise risks, according to Xiao Yuanqi, Chief Risk Officer of the China
Banking and Insurance Regulatory Commission. Economic Information Daily reported
that Chinese local governments are also tightening their supervision of loans as
they implement the notice from the PBOC Shanghai Branch on risks from "loan aid"
companies. Business qualifications, risk control capabilities and capital flows
are the key focus of the supervision, the Daily reported.