18 August 2019

Govt doing best to avoid systemic risk, Li says

Premier Li Keqiang {李克強} said Thursday that the government has been doing its best to avoid regional systemic financial risk and tightening regulations to prevent defaults on government debt. He told an international conference that local debt is under control. Also, the government is strengthening supervision of shadow banking and preparing to implement Basel III requirements on banking capital, Li said. 

– Contact HKEJ at [email protected]



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