Financial regulations need to be interlinked, says PBOC official

Strengthening policy coordination among Chinese regulators is an important step toward improving supervision over the country's financial system as well as warding off potential financial risks, said a vice-governor of the People's Bank of China on Thursday.

Hu Xiaolian's remarks followed the establishment of a new supervisory mechanism last month under which the central bank plays a leading role in regular meetings on policy and regulations with other financial regulators.