Chinese Premier Heads New Financial Body, Warns of Risks

Chinese Premier Li Qiang on Monday chaired a meeting as head of the Communist Party’s new agency that oversees the nation’s financial sector, urging to step up regulation and ward off risks.

Li was named as head of the Central Financial Commission, which was set up earlier this year as part of efforts to enhance the party’s supervision and control over the country’s financial sector, according to the state-run Xinhua News Agency.