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China still has a problem with illegal fundraising and financial services are insufficient, Zhou said in a speech at the China Development Forum in Beijing on Sunday. He said the country still needs regulation to guard against excessive leverage in foreign currencies.

“Lending as a share of GDP, especially corporate lending as a share of GDP, is too high,” Zhou said. He said a high leverage ratio is more prone to macroeconomic risk.

Greece and its creditors ended talks on Sunday without reaching an agreement on terms attached to a bailout, even as Europe’s most-indebted state stands at the forefront of handling the continent’s biggest-ever wave of irregular migration.

Work will continue over the Easter break and bailout monitors will return to Athens on April 2 with a view to concluding negotiations as soon as possible, a European Commission spokeswoman said in an e-mail. The latest round of talks produced some progress on reforms to income tax and pensions, she said.

Crude oil slid for a second session on Monday, falling further from last week's 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December.

U.S. crude CLc1 dropped 67 cents, or 1.7 percent, to $38.77 a barrel by 0617 GMT. The market on Friday climbed to $41.20 a barrel, its highest since early December, before losing ground to settle down nearly 2 percent at $39.44.

Brent crude's front-month contract LCOc1 was down 33 cents at $40.87. It hit a high of $42.54 a barrel in the last session.

U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to data by industry firm Baker Hughes. The addition, coming after oil rigs had fallen by two-thirds over the past year to 2009lows, showed the fall in crude drilling stabilizing after a 50-percent price rally since February.

"The rebound in crude oil prices in the last month appears to have stabilized the number of rigs at work in the U.S. shale sector," ANZ said in a note to clients.

"After falling for six consecutive months, Baker Hughes data showed U.S. oil rig counts increased by one to 387."

Speculators increased theirs net long position in NYMEX’s crude oil 29,602 contracts from 174,949 contracts on March, 8 to 204,551 on March, 15 according to CFTC’s last report.

Reference: Bloomberg, Reuters, CFTC