Government determined to curb lending and bring credit expansion under control to forestall potential financial crisis

Vice-Premier Wang Qishan's recent remarks on financing at the local level highlight the central government's grave concerns about the country's financial security.

At a symposium held in Yichang, Central China's Hubei province on Nov 19, Wang said China should further deepen financial reforms and promote institutional innovations in the financial sector as a key way to limit financial risks and better serve the national economy.