Financial risks to be prevented

Leadership: Property market will be stabilized, coordination strengthened

China will strengthen the coordination of financial regulation, stabilize the property market and prevent systemic financial risks, according to a statement issued after a top leadership meeting on Monday.

"Financial disorder will be tackled thoroughly, financial coordination will be strengthened, and the efficiency and level of financial sectors supporting the real economy will be improved," said the statement released after a meeting of the Political Bureau of the Communist Party of China Central Committee, presided over by Xi Jinping, general secretary of the Central Committee.