China says it will step up supervision of financial institutions ZAWYA MENA Edition

BEIJING- China will strengthen supervision of shareholders, actual controllers, connected transactions, data authenticity and other areas, a meeting of the Financial Stability and Development Committee chaired by Vice Premier Liu He said on Thursday.

The country will pay attention to the sustainable development of local financial institutions which should focus on the home market, step up risk management and avoid excessive expansion, the committee said.…

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