April 23, 2018 / 12:08 PM / 6 months ago

China regulator to check risks of local asset management firms - sources

SHANGHAI/BEIJING, April 23 (Reuters) - China’s banking and insurance regulator has issued an urgent notice to check risks of provincial-level asset management companies (AMCs), three souces told Reuters on Monday.

The regulator will probe possible massaging of financial statements of banks through local AMCs, the sources said. (Reporting by Li Zheng and Kevin Yao; editing by Darren Schuettler)

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