China's shadow banking sector shrinks by 25 trillion yuan in 5 years

China has made solid progress in preventing and defusing financial risks in the past five years, as the country's shadow banking sector shrank by 25 trillion yuan and 12 trillion yuan worth of non-performing assets were disposed of, according to a press conference Wednesday.

March 3, 2022

China makes progress in preventing, defusing financial risks: Official

China has made continued efforts to forestall and defuse financial risks while supporting steady economic recovery, said the country's top banking regulator Wednesday.

March 3, 2022

China sees growing inclusive financing for small firms: Official

China has provided more targeted inclusive loans to small and micro businesses with lowered interest rates, the country's top banking regulator said on Wednesday.

March 3, 2022

Regulators stress stability in housing

Housing price adjustments and restructuring of demand are good for China's financial sector but regulators expect to see a smooth transition rather than drastic adjustments that could have a huge economic impact, one of China's top financial regulators said on Wednesday.

March 3, 2022

Ongoing tech rectification going smoothly, official says

China has the full confidence in ongoing rectification work for Ant Group and other 13 internet platforms engaged in finance, the country's top banking and insurance regulator said on Wednesday.

March 3, 2022