Central bank head urges more reform

Further measures needed to rein in financial sector risks, says Zhou

Deepened reform and opening-up are the key measures to proactively control systematic risks in China's financial sector, promoted by overall coordination between regulatory institutions, central bank governor Zhou Xiaochuan said at the weekend.

The general situation in China's financial sector is sound, but "it is and will be in a period with high and easy-to-breakout risks", the governor warned in a statement on the website of the People's Bank of China.