China’s financial regulators have circulated a draft framework of new rules aimed at curbing risks in the country’s booming asset management industry, according to several Chinese news outlets and details of the draft seen by Reuters.
The rules, formulated by the central bank in conjunction with China’s securities, banking and insurance regulators, were the latest effort by the authorities toRead more
Focus will be given to detecting and guarding against financial risk in key areas this year to prevent systemic financial risk, a senior official of China's top banking sector watchdog said Tuesday.
Priority must be given to preventing financial risk in areas such as non-performing loans, with more efforts on screening for potential risk, Shang Fulin, chairman of China Banking Regulatory CommissionRead more
The Chinese banking sector reported growing credit into the green sector and a lower bad loan rate amid surging green financing demand, according to the country's banking regulator.
The outstanding green credit of 21 major banks stood at 7.26 trillion yuan (1.09 trillion U.S.dollars) by the end of June, accounting for about nine percent of total loans, according to theRead more