The CPPCC held a meeting on Tuesday.....>

CHINA PRESS: The CPPCC held a meeting on Tuesday stressing its plan to gradually

resolve financial risks and ensure the stability of the economy and financial

system, according to the official Xinhua News Agency. 

- The meeting, with the theme of "improving the system of preventing systemic

financial risks," concluded that China needs to further strengthen coordination

among different financial regulators. 

- Prudent and neutral monetary policy and tight financial regulation should

coordinate well in order to advance high-quality economic growth: Liu He; 

- Risks should be borne by investors, debt should be paid, and costs should be

paid for wrongdoing: Liu He. 

- China needs to improve the accounting standards of local government debt, and

improve the long-term functioning of the property market: CPPCC; 

- Illegal financial activities should be clamped down on and regulators should

"comprehensively" strengthen regulation on various financial activities: CPPCC.