Chinese banking regulators will continue to maintain their focus on keeping macro-leverage levels steady and maintaining pressure on the financial activities of Internet platforms, according to a new report from two of China’s top think tanks.
The “Financial Regulatory Blue Paper: China Financial Regulatory Report (2021)” (金融监管蓝皮书：中国金融监管报告（2021）) was jointly released by the Chinese Academy of Social Sciences (CASS) and the National Institution for Finance & Development (NIFD) on 8 July.
According to the report China’s banking regulators will “continue to drive overall basic themes amidst stability,” with an ongoing focus on:
- The prevention and dissolution of systemic financial risk.
- The maintenance of the basic stability of macro-leverage ratios.
- The supplementation of systemic shortcomings.
- Disposal of non-performing assets.
- Ongoing rectification of shadow banking.
- Strengthening of the financial regulation of online platforms.
The report also foresees the further use of “reform and opening to expedite the high-quality development of the financial sector,” as well as an emphasis on improvements to the corporate governance of banks.