China will closely monitor risks of local financing platforms-state asset regulator

BEIJING (Reuters) - China will closely monitor risks of local financing platforms, and fend off risks surrounding the real estate sector, the state asset regulator said on Thursday.

China will continue to locate more state-owned funds into key industries and sectors, the state-owned Assets Supervision and Administration Commission said.

(Reporting by Meg Shen and Ella Cao; Editing by Toby Chopra)