Based on China Banking Regulatory Commission (CBRC) on March 9, president of CBRC Liu Mingkang recently stated that non-bank financial supervision will next give priority to such hot businesses as bank cooperation, credit political cooperation and real estate to prevent non-bank institutions from being the passages for commercial banks to dodge policies.
Li stressed at the 2010 non-bank financial institutions supervision working conference recently held in Beijing that we shall insist that non-bank financial institutions not only support real economy but also make organic combination with the prevention of self-risks.
“Non-bank financial institutions are close to the market supported by the government and enterprise groups, so we shall adhere to scientific risk control of them combining advantages and disadvantages, inside and outside.
And microscopic prudence and macroscopic prudence while giving support to real economic for healthy and fast growth, and realize sustained development by raising the ability of risk control, strengthening the ability of risk identification, measurement and monitoring and grasping the risk base line.