BEIJING, March 2 China's newly appointed banking
regulator said on Thursday that risk prevention in the sector
will be a more prominent policy focus in 2017.
Guo Shuqing, chairman of the China Banking Regulatory
Commission (CBRC), also said more than 430 billion yuan ($62.5
billion) of debt-to-equity swap deals had been signed as of
The remarks by Guo, regarded as one of China's most
experienced financial services professionals, were his first
since getting appointed last week.
He was speaking ahead of the opening of the annual meeting
of China's parliament on March 5.
($1 = 6.8840 Chinese yuan )
(Reporting by Matt Miller and Shu Zhang; Editing by Richard