Notable progress made in defusing financial risks: official
China has made notable progress in defusing financial risks with risks in the country's capital markets generally controllable, according to China's top securities regulator.
China has smoothly advanced the risk-defusing efforts in key financial sectors including financing through stocks collateral, bond defaults and private equity funds, Yi Huiman, head of the China Securities Regulatory Commission said in an interview with Xinhua News Agency.
Risks of stocks collateral financing, bond defaults on stock exchanges and private equity funds are all controllable, signaling important foundation for maintaining the sustainable and healthy development of capital markets, according to Yi.
China will continue to enhance the study of external environment changes, stick to bottom-line thinking and enrich policy tools.
"China has the confidence, resolve and capability to maintain the stable and sound development of capital markets," he said.