The China Banking Regulatory Commission's.....>

CHINA: The China Banking Regulatory Commission's focus in the second half of the

year will be on the industry contributing more to the real economy, as well as

on implementing risk controls and deepening reforms, the commission said in a

statement Saturday on its website at the conclusion of its half-year work

meeting in Beijing. The commission stressed the need to deal more strongly with

bad loans and prevent new loans from increasing too sharply, and the need to

control risks in the banking sector, including liquidity. The commission also

said supervision needs to be strengthened in the bill business, cross-sector

business, banks' lending to the property sector and local government financing.

It announced it would try to enact 18 new regulations by the end of the year.