Systemic risks are being brought under control - China Banking and Insurance Regulatory Commission
|According to China's central regulator, risks buried within China's domestic financial markets are being brought under control as the regulator tries to soothe over markets ahead of a China data dump that is likely to see investor appetite take a turn for the worse.
Key highlights
The CBIRC is asking Chinese banking institutions to properly manage risks, especially on stocks.
The regulator is also promising financing businesses to help the insurance sector to invest in China-listed companies, which will allow insurers to set up products to address liquidity issues related to stock pledging.
From the China securities regulator's chief: to support SME's issuance of high-yield bonds and other debt products, to encourage funds managed by local government to help resolve liquidity issues, and to encourage private equity finds to buy listed firms' shares, as well as to support foreign asset management firms engage in business within China.
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