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China to encourage financial innovation, control risks

China to encourage financial innovation, control risks

Friday, March 24, 2017, 4:28 PM

China will encourage financial innovation and will control potential risks arising from the process, Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday. "In the context of putting more emphasis on defense against financial risks, we should continue to vigorously promote financial innovation," Wang said, according to a transcript of the speech.
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