Xiao Yuanqi, the head of the China......>

CHINA PRESS: Xiao Yuanqi, the head of the China Banking Regulatory Commission's

Prudential Regulation Bureau, said at a press conference on Friday that banks'

self-examinations of improper behavior had concluded, and that the CBRC will

further clamp down on interbank businesses involving the idle cycling of money

within the financial system, according to the Securities Times. Xiao was quoted

as saying that CBRC regulations had led to interbank business contracting in the

first half of the year for the first time since 2010, with interbank assets down

5.6% and liabilities decreasing 2.3%. The CBRC will enact and revise around 20

regulatory documents this year, Xiao said. (Securities Times)