China ramps up regional effort to curb financial risks in Yangtze River Delta

BEIJING (Reuters) - China's financial regulators have set up a regional mechanism to improve coordination on identifying, monitoring, reporting and resolving financial risks in the sprawling Yangtze River Delta, a provincial banking regulator said on Thursday."Regulators will take actions in sync to tightly control financial risks and prevent contagion risks," Yu Lin, bureau chief of the Anhui Branch of the China Banking and Insurance Regulatory Commission (CBIRC), told reporters in Beijing."The..