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

CHINA: The China Banking Regulatory Commission stressed risk controls and

clamping down on illegalities in the banking sector as a focus for its

supervision this year, according to a statement issued Friday, citing

conclusions of a meeting to plan regulatory work this year. 

-Banking sector regulation needs to be strict and specifically target flaws in

the system, the statement said. 

-Goal of reform, development and regulation of the banking sector this year:

risk controls, further open up banking sector, facilitate banks' growth to

transfer to high-quality from high-speed. 

-Leverage ratio of companies need to be reduced, liabilities in the household

sector needs to be strictly controlled: CBRC 

-Investment of negotiable certificates of deposit to be shrunk, cross-market

financial products need to be strictly regulated, to crack down on illegal

financing activities.

-Property bubble needs to be curbed, and help relieve the problem of local

government debt: CBRC