November 2, 2018 / 8:49 AM / 10 months ago

China to step up control of financial holding companies

BEIJING, Nov 2 (Reuters) - China’s central bank said on Friday it will speed up regulations governing financial holding companies to help control their debt risk and high-leverage investments.

The regulator will set capital adequacy ratio and debt-to-asset ratio requirements on financial holding firms, the People’s Bank of China (PBOC) said in a financial stability report released on its website.

The PBOC also seeks to strengthen supervision over financial holding companies’ transactions, the report said. (Reporting By Beijing monitoring desk and Shu Zhang; Editing by Nick Macfie)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below