Official: China banks must improve risk management

China's commercial banks need to improve their risk management and internal controls, the official Financial News reported, citing a senior official with the central bank's investment arm, Central Huijin.

Xie Ping, Central Huijin's general manager, was quoted as saying that listed banks with overseas strategic investors in particular stand to benefit from foreign expertise.

"Foreign investors plays an important role in risk control with improved management structures and new technology," Xie sa

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