Bad loans, property bubbles must be handled, financial expert at CPPCC saysFinancial risk prevention will continue to be a tough task this year, requiring joint efforts to hold the bottom line, especially by controlling the overall money supply and keeping a close eye on property bubbles, a national political adviser said on Sunday.Yang Weimin, deputy head of the Office of the Central Leading Group on Financial and Economic Affairs, identified the financial system as the most important area for fending off risks. He called for measures to control total money supply and monitor credit growth.Loopholes in the financial regulatory system should be fixed, meaning tighter financial regulation compared with the past, said Yang, who is a member of the National Committee of the Chinese People's Political Consultative Conference.The country's fast growth in bank lending, of which a part has boosted asset prices instead of supporting manufacturing production or the growth of the real economy, has lifted the leverage level and fueled economic instability, sparking concerns among political advisers when they meet in Beijing during the annual session of the top political advisory body.Potential financial risks also could be triggered in other areas, including the property market, thus several coordinated policies are needed, Yang said.A new housing system and a long-term mechanism are necessary to stabilize the property market, he said. The property market has bubbles, but the bubbles can neither be pricked nor continually inflated. Legislation is needed to develop a healthy property market, but the process could be long.In terms of monetary and financial regulatory policies, political advisers expect to hear more from the annual Government Work Report, which is scheduled to be presented on Monday.Some analysts expect that with stability remaining a key government objective, policymakers will remain keen to see growth of credit slow moderately.At a group discussion of the CPPCC National Committee on Sunday, Hu Xiaolian, chairwoman of the Export-Import Bank of China and former vice-governor of the People's Bank of China, the central bank, said that although Chinese commercial banks now are under pressure from nonperforming loan growth, credit supports on the real economy, especially for small and medium-sized companies, cannot be weakened too much.The growth rate of broad money supply, or M2, which covers cash in circulation and all deposits, was up 8.6 percent year-on-year in January, compared with a historic low of 8.2 percent by the end of December. Yuan-denominated loans increased by 12.7 percent last year, according to data from the central [email protected]? personalized heart braceletmontre homme bracelet siliconesilicone medical alert bracelet diabetesnumbered silicone wristbandssilicone bracelets custom
A woman votes during the general election in Alor Setar, Malaysia, on Wednesday. [Photo/Agencies] Polling stations closed in Malaysia on Wednesday at the end of a cliffhanger election that pitted Prime Minister Najib Razak's long-ruling coalition against a resurgent opposition led by 92-year-old former leader Mahathir Mohamad. The ruling Barisan Nasional coalition had met a fierce challenge brought by the opposition alliance - Pakatan Harapan, or the Alliance of Hope. The BN coalition had bet on generous handouts and the proven track record of the government to seek a third term, while Mahathir is calling for a change. Though most political analysts had favored the BN to win, the opposition seemed to have managed to raise concerns among voters on certain issues such as increasing living costs, adding uncertainties to the election. The Election Commission said that 69 percent of the roughly 15 million registered voters had cast their vote as of 3 pm, two hours before polls closed. Around 85 percent voted at the last election in 2013. Most results are expected before midnight but the count may spill into the early hours of Thursday. A simple majority of 112 parliament seats will produce a winner. On Wednesday, people swarmed to polling stations in the capital city of Kuala Lumpur and around the country, which have been decorated with campaign posters and flags bearing the symbols of various political parties. At a polling station of Titiwangsa constituency in Kuala Lumpur, voter Ahmad Fizal said he hoped the candidate who wins could take the responsibility of the welfare of the area. I hope the candidate could help on the welfare of the people and the welfare of the region, no matter it's financial assistance, economic assistance or any other assistance, he said. Another voter, Syed Hasanuddin Bin Syed Abdullah, said he hoped the next government could do more to improve the society. We do tend to have a lot of issues, politically and in our social imbalance, we have ethnic diversity so I hope with this vote we will not have any differences between Malays, Chinese and Indians, that's a main thing, he said, referring to the three major ethnic groups in the country. The 11-day campaign period culminated on Tuesday. If BN were given a new mandate, we will make Malaysia even greater, said Najib, adding: BN is the party of the future, BN is the party for the future. The BN has won every election since the country's independence in 1957. The pre-election survey published by independent pollster Merdeka Center on Tuesday said BN was set to win 100 parliament seats nationwide and the opposition 83. With these numbers, neither camp would have the 112 seats required to rule and the result would hinge on 37 seats it said were too close to call. Xinhua and Reuters contributed to this story. custom wristbandmiscarriage awareness silicone braceletsnike silicone wristbandsprint your own tyvek wristbandsevent wristbands atlanta<%2fcenter>
