Comments by China's central bank
- To firmly crack down on illegal financial institutions and its activities
- Will improve policies on fending off financial risks
- To strengthen supervision, evaluation of financial risks
China is having to perform a bit of a balancing act now in trying to juggle between deleveraging measures to curb risks to the financial system and keeping economic growth at stable levels. So far, authorities seem to be placing much importance on the latter but at the same time they can't afford to relax too much on the former as well.
Hence, the comments here are much of a reminder that they are still pursuing measures to cut down on financial risks despite some expected let up in deleveraging this year. They also made similar comments to this yesterday here.
