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MNI BRIEF: China To Curb Key Financial Risks - NFRA

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China's financial regulator will firmly uphold the bottom line of preventing systemic financial risks and address illegal activities that affect financial stability and disrupt market order, the National Financial Regulatory Administration said Tuesday.

According to a statement released on NAFRA's website, the regulator will make full efforts to mitigate risks in small and medium-sized financial institutions, promote "a benign cycle" between finance and real estate via meeting the reasonable financing needs of real-estate projects, and strongly support the construction of the "three major projects" including affordable housing. (See MNI INTERVIEW: China To Contain Property Spillover - Advisor)

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China's financial regulator will firmly uphold the bottom line of preventing systemic financial risks and address illegal activities that affect financial stability and disrupt market order, the National Financial Regulatory Administration said Tuesday.

According to a statement released on NAFRA's website, the regulator will make full efforts to mitigate risks in small and medium-sized financial institutions, promote "a benign cycle" between finance and real estate via meeting the reasonable financing needs of real-estate projects, and strongly support the construction of the "three major projects" including affordable housing. (See MNI INTERVIEW: China To Contain Property Spillover - Advisor)

Keep reading...Show less