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China banking regulator issues bank risk control guidelines
April 10, 2017 / 9:11 AM / 8 months ago

China banking regulator issues bank risk control guidelines

SHANGHAI, April 10 (Reuters) - China’s banking regulator said on Monday it has issued guidelines on risk control for lenders, as authorities ramp up efforts to contain risks from a rapid build-up in debt.

The China Banking Regulatory Commission (CBRC) made the comments in a statement posted on its official website, after a Friday news conference which covered the authority’s plans to prevent systematic financial risks.

The guidelines were not made available to the general public.

China’s banks extended a record 12.65 trillion yuan ($1.84 trillion) of loans in 2016, despite worries about the dangers of prolonged debt-fueled stimulus.

Reporting by Beijing monitoring desk and Engen Tham in Shanghai; Editing by Kim Coghill

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