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3Novices:Widen financial sector to stave off crisis, China’s central bank chief says

China’s long-serving central bank governor Zhou Xiaochuan says the country must open its financial sector wider to foreign competition if it is to avert a crisis.
Zhou, 69, who took the helm at the People’s Bank of China back in 2002, made the remarks at a time when Beijing has made financial risk control its top priority.
“If we want to avoid a financial crisis, we must ensure the health of our financial institutions and we should not tolerate high leverage, insufficient…
June 20, 2017 at 08:14PM http://ift.tt/2sLV4ER
#3Novices #News #OnlineMedia #China 3Novices China

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