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China will enhance oversight over monopolistic practices created by industrial organizations, especially in overcapacity sectors, a senior official with the nation's top economic regulator said.

China's Anbang Insurance Group. [Photo/Sipa]

China's banking regulator on Wednesday issued a notice vowing to address regulatory loopholes and urging the country's lenders to effectively control risks.

China would never use its strength to bully other countries or strong-arm anyone to do deals on its terms. BRI is not a "pitfall" that hinders development. BRI is a "pie" for everyone to share.

China will maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth with risk prevention.