BEIJING (Reuters) – China will improve the efficiency and coordination of financial supervision as the country needs to fill a vacuum in regulatory supervision as quickly as possible, central bank governor Zhou Xiaochuan said on Friday.
Zhou Xiaochuan, Governor of the People’s Bank of China, attends a news conference on the sidelines of China’s National People’s Congress (NPC) in Beijing, China March 9, 2018. REUTERS/Aly Song
China needs to deal with risks from financial and other firms, said Zhou, the head of People’s Bank of China, on the sidelines of the annual parliament session.
Reporting by Kevin Yao, Se Young Lee and Yawen Chen; Editing by Michael Perry