CBRC highlights 10 risk types

China's banking regulator on Monday issued guidelines on risk control for lenders, a move to prevent and resolve any systemic financial risks.

The China Banking Regulatory Commission, in a statement released on its website, said that it will pay attention to 10 types of risks and provide concrete action plans to address major risks.

First, it will strive to strengthen credit risk control. Financial institutions in the banking industry should implement the classification standard and operating process of credit assets and strengthen uniform credit granting and new clients' risk assessment, the CBRC said.