18 August 2019

Regulator calls for banking innovation, Xinhua says

China’s banking industry must evolve and differentiate various types of products to better control risk, Xinhua news agency reported Sunday, citing Banking Regulatory Commission chairman Shang Fulin {尚福林}. Automated banking services should be widely adopted, Shang was quoted as saying. Also, innovative products such as asset securitization and farmland rights loan guarantees should be encouraged across the sector, he said.

– Contact HKEJ at [email protected]



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