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  1. Business - Banking & Finance - REGULATION

    Bank watchdog vows to control loan defaults

    Posted Mar 05th 2013, 12:00am by JANE CAI

    ... for a fifth consecutive quarter. Shang Fulin, the chairman of the China Banking Regulatory Commission, told an internal meeting recently that banks should continue to support economic development, while the regulator would "firmly hold the line" on preventing a breakout of financial risks this year, the regulator said yesterday. Shang is expected to stay on as the regulatory ...

    http://www.scmp.com/business/banking-finance/article/1177498/bank-watchdog-vows-control-loan-defaults

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