China uncovers problems in inspection of financial sector – Xinhua

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China’s top anti-graft watchdog has concluded an inspection of 25 institutions including the central bank, the banking and insurance regulator, stock exchanges, commercial banks and asset-management companies, in the country’s first coordinated inspection of the sector since 2015.

The banking and insurance regulator said the probe showed its problems in preventing and defusing financial risks, as well as insufficient financial supervision, Xinhua said.