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China’s Xi stresses high-quality development of financial sector
China’s President Xi Jinping on Tuesday stressed the high-quality development of China’s financial sector and vowed to accelerate the creation of a modern financial system with Chinese characteristics, the Xinhua News Agency reported. Xi made the remarks at the opening of a study session at the Party School of the CPC Central Committee, according to the official state news agency. Financial supervision should have “long teeth and thorns”, Xinhua quoted Xi as saying. The approach involves a zero-tolerance policy for financial crime, China’s financial regulator said on Sunday. “A financial powerhouse should ... (full story)
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