Money

CBRC head warns risk of cross-border capital flows

(Xinhua)
Updated: 2011-05-20 13:43

SHANGHAI -- China's top banking regulator on Friday warned the country's banking system to prepare for the adverse impact of massive cross-border capital flows.

Liu Mingkang, chairman of China Banking Regulatory Commission (CBRC), made the remarks at the Lujiazui forum, an annual gathering of top Chinese financial officials.