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Risks in the Chinese banking sector have......>

CHINA
CHINA: Risks in the Chinese banking sector have been curbed with stricter
regulation, the Financial News, a newspaper published by the People's Bank of
China, said in a report Monday. The asset quality of the sector has remained
stable, with the bad loan ratio dropping 0.04 percentage point compared with the
beginning of the year, the newspaper said. The China Banking Regulatory
Commission is paying great attention to the illegal flow of consumer loans to
the property sector and will continue to strengthen related regulation. The
CBRC's efforts to control risks and reduce illegal activities in the banking
sector have focused on curbing negotiable certificates of deposit, wealth
management products, and banks' off-balance sheet businesses, the newspaper
noted. The CBRC said it would continue to strengthen such supervision.
(Financial News)

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