Central bank: Deleveraging process can't be rushed

The deleveraging process needs to be implemented steadily, senior officials with the central bank said on Friday.

Yi Gang, vice governor of the central bank, said the deleveraging process cannot be implemented at a fast pace in order to fend off financial risks.

"The first step is to control the leverage level," Yi said.

Central bank governor Zhou Xiaochuan said the financial sector should refuse support for enterprises with high leverage ratios.