Greater accountability for regulators needed: Xi
China's president also tells central bank to play a bigger role in managing financial risk
Shanghai
CHINA'S central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that ended on Saturday.
Financial security is a vital part of national security, Mr Xi said at the fifth National Financial Work Conference, adding that China will strengthen the Communist Party's leadership in the financial sector.
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