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Rural reforms pledged by banking watchdog chief

By Wang Xiaotian | China Daily | Updated: 2013-06-28 08:05

Financial services in rural areas are imbalanced and legislation is needed for more coordinated development of the sector, China's top banking regulator said on Thursday.

Shang Fulin, chairman of the China Banking Regulatory Commission, said the watchdog will speed up reform of rural financial institutions while promoting legislation on rural financing.

He made the pledge while giving a report to the National People's Congress Standing Committee.

Rural reforms pledged by banking watchdog chief

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