Jan. 8 (Bloomberg) -- China Banking Regulatory Commission chairman Shang Fulin said the regulator will focus on risk prevention and control this year, particularly potential credit and liquidity risks and prevent the spreading of off balance sheet risks.

China’s banking sector environment will be “more complicated and competitive” this year, Shang said in a work meeting, according to a statement posted on its website today.

The regulator will strengthen financial services support to small enterprises, continue reform of policy banks and support the development of western and central regions, the statement said.

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