China imposes stricter risk classification rules on banks
Regulators say the rules will help banks mitigate credit risks
Chinese financial regulators have tightened risk classification requirements for commercial banks, in the first major update to the rules since 2007.
The People’s Bank of China and the China Banking and Insurance Regulatory Commission (CBIRC) said the updated rules will require banks to classify the credit risks of a wider range of their assets. Banks will be expected to sort risks into five categories including “normal”, “special attention”, “substandard”, “doubtful” and “loss”.
Assets under
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