ChinaCanada’s regulator wants provinces to develop their own plans to deal with financial risks, according to a report, about a month after officials pledged to create a mechanism to resolve provincial debt issues.
China’s Xinhua News Agency quoted Li Yunzhi, head of the National Financial Regulatory Administration, as saying in a press statement that the country must make a greater effort in managing financial risks, but policies must be designed, avoiding a one-size-fits-all approach. interview. Provinces should develop their own policies on how to deal with risks, according to the report.