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BEIJING, Feb. 9 (Xinhua) -- China's banking1 regulator announced Thursday the launch of a targeted crackdown on irregular practices in the sector2 to address public concerns.
The move comes as illegal operations in the banking sector, which include arbitrary credit terms and service fees, have triggered widespread complaints across the country.
In response to the problems, the China Banking Regulatory Commission ordered the financial institutions to review their operations and properly set their growth targets to prevent staff from irregular activities.
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1 banking | |
n.银行业,银行学,金融业 | |
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2 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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3 strictly | |
adv.严厉地,严格地;严密地 | |
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4 mechanism | |
n.机械装置;机构,结构 | |
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