BREAKING NEWS

BREAKING NEWS

China will actively resolve shadow banking risks - central bank

China will actively resolve shadow banking risks - central bank
FILE PHOTO: A woman walks past a board showing the length and annual yield rates of finance products, outside a shop in Shanghai, China, November 18, 2015. REUTERS/Aly Song
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BEIJING (Reuters) – China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central bank said on Wednesday.

China will effectively control the macro leverage ratio and credit risks in key areas, the People’s Bank of China (PBOC) said in a statement on its website.

Under the leadership of the Financial Stability and Development Committee (FSDC), the PBOC will strengthen inter-government coordination and specify a time frame and a roadmap for relevant work in the future, the central bank added.

(Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez)

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