China vice premier says will win battle against financial risk -Xinhua

Chinese Vice Premier Liu He said on Sunday that China would win the battle against financial risk, according to the official Xinhua news agency. 

Key points (Source: Xinhua News Agency and Reuters)

• To push forward with financial supervision reform.
• Tackle problems such as cross-regulation and the lack of supervision.
• China Banking and Insurance Regulatory Commission (CBIRC) wants to lower the leverage of local governments and state-owned enterprises and control a rapid rise in household debt.