China
        

From Chinese Media

Bank regulator warns private lending risks

Updated: 2011-07-21 16:08

By Ben Yue (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

Liu Mingkang, the chairman of the China Banking Regulatory Commission (CBRC), urged all financial institutions of the banking industry to strengthen risk management and prevent and control platform lending risks, the People's Daily reported on Thursday.

Liu said banks should normalize their personal financial services and keep an eye on risks in fields of private lending, online lending and small-amount lenders.

Liu also demanded China's banking system to ensure property developers are closely examined. Companies involved in business such as agriculture, technology innovation, environment protection, and especially small and medium enterprises, should get more financial support.

Specials

China-US Governors Forum

The first China-US Governors Forum is held July 15 in the Salt Lake City, the United States.

My China story

Foreign readers are invited to share your China stories.

Rare earths export quota

China kept its export quota at almost the same level as last year.

Watchdog deems oil leak in bay a 'disaster'
Power failure delays 29 bullet trains
Economic growth eases amid tightening