May 4, 2018 / 8:45 AM / a year ago

China to limit banks' risk exposure to large, single clients

BEIJING, May 4 (Reuters) - China’s banking and insurance regulator issued rules on Friday to help limit banks’ exposure to large, single clients, as part of a widening clampdown on risks in the financial system.

Commercial banks’ outstanding loans to a single client cannot exceed 10 percent of their net capital, according to a document posted on the regulator’s website.

The new rules will take effect from July 1, it added. (Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)

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