China would win battle against financial risk: Xinhua

Vastavam web: Chinese Vice Premier Liu He said on Sunday that China would win the battle against financial risk, the official Xinhua news agency reported.Liu, China’s senior-ranking official for economic affairs, made the comments at the establishment ceremony for the country’s new banking and insurance regulator, the China Banking and Insurance Regulatory Commission (CBIRC).China will push forward financial supervision reform, tackling problems such as cross-regulation and the lack of supervision, Xinhua reported Liu as saying.