China will strengthen its clampdown on financial crimes including beefing up supervising and oversight systems and improving its legal system to prevent such violations. China has achieved big improvement on the issue last year.
More Quotes from Liu Mingkang:
We are working on a proposal how we can lift the cap. We will have future changes and the door will be open much wider.Liu Mingkang
The year 2006...is also the last transition year after China's World Trade Organization entry for the domestic banking sector. Doing good work this year in banking supervision has special and important meaning.
Liu Mingkang
the story I delivered to the public in China and outside of China is a story of 'never again.'
Liu Mingkang
An important signal of whether a bank has good corporate governance is whether or not (the bank) can effectively guard against related-party transaction risks with their shareholders.
Liu Mingkang
In their management, (the banks) should thoroughly understand how to balance credit risks, market risks and yields.
Liu Mingkang
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Based on Topics: Finance QuotesBased on Keywords: beefing, clampdown, supervising
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