Banking Regulator Scrutinizes Rural Institutions
China’s top banking regulator is scrutinizing rural financial institutions as it steps up its campaign to rein in excessive leverage and financial risks.
The China Banking Regulatory Commission will launch inspections of rural financial institutions to exam their wealth management and investment activities, and interbank businesses, looking for potential risks, Caixin learned from sources close to the CBRC. The institutions include rural commercial banks, rural credit cooperatives and other deposit-taking entities.
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