China will take steps including management reshuffles and fund infusions to bols...
FILE PHOTO: Chinese characters reading,"seriously disrupting the financial order, jeopardizing economic, financial security and even social stability" are seen on a scrolling display at a branch of Yichuan Rural Commercial Bank in Yichuan county, Henan province, China October 30, 2019. REUTERS/Huizhong Wu
As financial stability remains the top priority, the regulator will use reform and restructuring as the key approach to resolving banking risks, instead of doing “surgeries,” said Zhou Liang, vice chairman of China’s Banking and Insurance Regulatory Commission , at a forum in Beijing on Sunday, Caixin reported.
“Smaller banks are small financial institutions by size, but they carry a great spill-over risk,” said Zhou. Zhou said some of the reform steps would include improving corporate governance, writing off non-performing assets and replenishing capital.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China tries to squeeze more out of a small trade deal with AmericaThe mini-truce between America and China has shown the countries' utterly different negotiation styles
Read more »
Stock futures bounce around as Wall Street weighs China-U.S. tariff rollback talkU.S. stocks are little changed Friday morning as enthusiasm for assets considered risky appear to be replaced by a more cautious posture on Wall Street, with market participants assessing conflicting narratives on progress in Sino-American trade talks and reports of infighting in the White House.
Read more »
Japan Inc has thrived in China of lateCan it last?
Read more »
Citing 'competition of values', Pompeo lays into Russia, ChinaRussia slays political opponents and China's tactics would be 'horrify...
Read more »
China Issues Death Penalty for Shipping Opioid to U.S.XINGTAI, China -- A court in China convicted and sentenced to death Thursday a man accused of trafficking fentanyl to the United States after a joint investigation with U.S. law enforcement agencies.The case, involving nine defendants, was a rare example of cooperation against a surge in fentanyl-related
Read more »
China factory prices falter, while inflation soars to near eight-year highChina's producer prices fell the most in more than three years in October, ...
Read more »