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Resolving financial risks still top priority in 2020, to continue to dismantle shadow banking

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Resolving financial risk will remain China’s top priority in 2020, said Huang Hong, the vice chairman of China’s Banking and Insurance Regulatory Committee (CBIRC), at a press briefing on Monday.

The regulator will prioritize cleaning up the assets of financial groups built upon “wrongdoing”, dismantling shadow banking, preventing illegal credit flowing into the real estate market and curbing property bubbles, Huang said.

The CBIRC will also work with the central bank on cutting . . .

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