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China's bank lending halved in December 2017 as the government kept up its campaign to curb financial system risks, but banks still managed to dole out a record amount for the year amid the tighter scrutiny.
China's GDP growth beat market expectations to reach 6.9 percent in the first half of this year, but analysts generally predict it will ease moderately in the second half.
China will tighten regulations on financial institutions, to protect investors who are not able to recognize potential financial risks and to safeguard people's money. "Financial activities for the public, whether in the name of technology or not, should be strictly regulated," Pan said.
China will intensify its efforts to win the three tough battles－preventing major financial risks, targeted poverty alleviation and reducing pollution－to meet the public's new expectations with higher quality development, Premier Li Keqiang said.
China will set up a special transfer payment mechanism to ensure that newly increased fiscal funds this year will directly benefit businesses and people. A host of related arrangements were given a green light on Tuesday at the State Council's executive meeting, chaired by Premier Li Keqiang.
来源：资阳报