China c.bank urges joint efforts to curb financial risks
BEIJING, Sept 5
BEIJING, Sept 5 (Reuters) - Chinese regulators should strengthen policy coordination to ward off potential financial risks, some of which stem from high debt levels in some sectors, Hu Xiaolian, a vice central bank governor, said on Thursday.
Concerted efforts are needed to rein in risks in China's banking sector, as well as capital and insurance markets, Hu told a financial forum in Beijing.
Separately, Jiang Yang, a vice chairman of the China Securities Regulatory Commission (CSRC), pledged to speed up preparatory work for launching crude oil futures. (Reporting by China Economics Team)
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