China to enhance macro prudential management to contain financial risk

Updated 2017-07-05 09:27:27 Xinhua

China will enhance macro prudential management to prioritize prevention and control of financial risk, according to the central bank.

More efforts will be made to increase analysis and precaution of financial risk in fields including banks asset quality, capital markets, usage of insurance capital and illegal fund-raising, according to the China Financial Stability Report 2017 released Tuesday by the People's Bank of China.

Coordination among financial regulators will be improved to cover regulation of major financial institutions, infrastructure and business statistics.

The government will also improve the deposit insurance system and explore market-oriented methods for financial institutions to deal with risk.

The report also reiterated that China would continue to implement prudent and neutral monetary policy to maintain proper liquidity.

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