Briefs

REGULATORY UPDATE

CHINA'S BANKS WARNED TO HEIGHTEN RISKS AWARENESS

China's banking regulatory body is urging domestic commercial banks to pay close attention to the risks the banking sector is facing.

"The institutions should be able to give early warnings to risks in the banking sector and work out specific measures to safeguard the sector's healthy development," says Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), in a China Daily report.

"China's financial institutions should closely

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