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Banker appeals for reform of global financial systems

(chinadaily.com.cn)
Updated: 2008-11-17 17:08

Jiang Jianqing, chairman of the Industrial and Commercial Bank of China, told a forum in Beijing on Friday that the financial crisis had exposed some major problems in global financial systems.

The global financial supervision system, such as cross-boarder supervision on hedge funds, derivatives and asset-turned securities, needs an overhaul, he told the 2008 Tsinghua Global Management Forum during a keynote speech.

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