Three Balances.
- Resource Type
- Article
- Authors
- Huaqing, Wang
- Source
- Beijing Review. 7/23/2009, Vol. 52 Issue 29, p35-35. 2/3p. 1 Black and White Photograph.
- Subject
- *PUBLIC officers
*FINANCIAL institutions
*FINANCIAL crises
*INTERNATIONAL finance
- Language
- ISSN
- 1000-9140
The article offers insights from Wang Huaqing, displinary secretary of the China Banking Regulatory Commission, on the safety of the financial system amid the global financial crisis. According to Huaqing, the crisis has highlighted the institutional deficits and risks that the global financial system has developed over the previous two decades. He cites the three factors that contributed to the current crisis. He emphasizes the need to achieve three balances in the international financial system.