China should redouble its efforts to regulate key risk points in the financial sector to ensure financial stability, the central bank said on Tuesday.

While risks in the nation's financial sector are manageable now, the central bank will elevate the importance of prevention, the People's Bank of China said in its annual China Financial Stability Report released on Tuesday.

The bank and other financial regulatory bodies will work to fend off risks involved in shadow banking, real estate financing, local government financing platforms, internet financing and illegal fundraising activities, the report said.