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China making progress on defusing financial risks, top banking and insurance regulator says

( February 26, 2019, 08:18 GMT | Official Statement) -- MLex Summary: China has made progress in preventing and resolving financial risks by curbing the unregulated expansion of its banking and insurance sectors, and by taming shadow-banking activities and overheated real estate markets, the China Banking and Insurance Regulatory Commission said in a statement. Among other initiatives, the regulator will step up its efforts to defuse risks related to Internet financing and online lending, strengthen supervision of senior executives and middle managers of banks and insurers, and strike a balance between risk prevention and steady growth, according to the statement.The statement follows:...

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