More steps on anvil to hike financial oversight

China is capable of dealing with various financial risks and challenges, with more steps in the offing to step up financial oversight, officials and experts said.

"China is fully confident and capable of properly responding to various financial risks and challenges by increasing vitality through reform and solving problems through development," Li Yunze, head of the National Financial Regulatory Administration, said in an interview with Xinhua News Agency that was published on Sunday.

Li added that financial supervision should be more forward-looking, precise, effective and better coordinated, and that the country will make more efforts to build a financial regulatory mechanism to eliminate any gaps or blind spots.