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The China Banking Regulatory............>

CHINA PRESS
CHINA PRESS: The China Banking Regulatory Commission (CBRC) will clamp down on
irregularities in the financial market, Wang Zhaoxing, vice chairman of the CBRC
said, the China Securities Journal reported Wednesday. Illegal financing will be
curbed and financial market transactions will be strictly regulated, Wang said,
according to the newspaper. Wang warned at a forum last month that at the
current time, and for some period in the future, financial risks are large and
can occur frequently, stressing that financial institutions, the market and
regulators must pay greater attention to controlling risks, the newspaper said.
Wang also warned that regulation would be stricter and punishment for illegal
activities would be heavier. (China Securities Journal)

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