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Reform of the financial regulatory......>

CHINA PRESS
CHINA PRESS: Reform of the financial regulatory system is the top priority for
deepening financial reform, so coordination of financial regulation needs to be
enhanced, the Financial News, a journal run by the People's Bank of China, said
in the front page commentary on Thursday. Problems in the financial sector,
including debt defaults, non-performing asset risks, property bubbles as well as
local government debt risks, have been caused in part by insufficient and
uncoordinated regulation, the commentary argued. Regulators need to crack down
further on financial problems and clean up the market environment, the
commentary said. (Financial News)

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