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