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China to tighten regulations over local financial institutions
A meeting Thursday urged China's financial regulators to improve regulations of local financial institutions to mitigate risks. Local financial institutions have maintained overall healthy development and played a vital role in serving small and medium-sized enterprises, according to a meeting of the financial stability and development committee under the State Council. Vice-Premier Liu He, who is also a member of the Political Bureau of the Communist Party of China Central Committee and head of the financial stability and development committee, presided over the meeting. According to the meeting, local financial ... (full story)