Caixin
Jan 09, 2018 07:05 AM
POLITICS & LAW

Banking Watchdog Displaying Plenty of Bite

This year, China's banking regulator will continue its campaign of targeting misconduct to try to wring out risks in the system, sources told Caixin. Photo: Visual China
This year, China's banking regulator will continue its campaign of targeting misconduct to try to wring out risks in the system, sources told Caixin. Photo: Visual China

China’s top banking regulator launched a torrent of investigations and regulations in 2017 to try to tame the world’s biggest banking system — and the storm appears far from over.

Under its new chairman, the China Banking Regulatory Commission targeted excessive leverage, off-balance sheet banking activities, and market wrongdoing. The CBRC acted as concerns mounted over financial risks building up in the system.

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