May 4, 2018 / 8:43 AM / 2 months 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)

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