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BEIJING - Chinese lenders must strengthen their risk control and improve services for businesses, Guo Shuqing, chairman of China Banking Regulatory Commission, said Friday. Chinese lenders must pay particular attention to credit and liquidity risk, with priority given to improving their main business, Guo said at an industry seminar gathering top commercial bank executives. "Earnest efforts must be given to reducing overcapacity, and effective measures should be taken to lower business financing costs," he said. More support will be given to business participation in Belt and Road Initiative projects and outward investment, he added.

BEIJING - China's technology companies have gradually transformed the country's financial sector by incorporating artificial intelligence into their services.

BEIJING - China's home prices stayed largely stable during the first half of the year, according to a report from the China Index Academy.

BEIJING - China's central bank has suspended open market operations for 17 trading days in a row, citing abundant liquidity in the financial system.

BEIJING - Chinese President Xi Jinping has sent a congratulatory letter to the Eco Forum Global Annual Conference Guiyang 2018, which opened in the capital of southwest China's Guizhou Province Saturday.