News China02 Feb 2018

Central bank official blasts "cat and mouse playing on the same side" in financial supervision

| 02 Feb 2018

There are at present some major hidden risks in the financial sector, including numerous situations in which "cats and mice are playing on the same side", rampant incidences of people "driving without a licence" and numerous cases of illegal fund-raising and other chaotic conditions, which have brought heavy losses to the people, says Mr Xu Jiaai, head of the disciplinary inspection unit at China's central bank, the People's Bank of China.

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