The most important risk to control is...>

CHINA PRESS: The most important risk to control is preventing asset bubbles as

China further opens up to the rest of the world, said Fang Xinghai, deputy

chairman of China's securities regulator, in an interview with China Business

News. 

  - The China Securities Regulatory Commission (CSRC) needs to strengthen

cross-border financial regulation with other countries: Fang; 

  - Property market growth is still one of the main drivers of China's economic

growth, but the needs of the property market are diversifying: Fang; 

  - China's outbound investment will continue to increase as the country has a

high savings rate, and investing globally could reduce exchange rate and

political risks: Fang. 

***Comments: As Fang indicated in the interview, China could support property

growth in one way or another this year to hit the target for GDP growth.