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FINANCE

Banks Feel the Heat as Regulatory Cleanup Piles On Pressure

A bank employee counts money in Harbin, Heilongjiang province on March 29. Photo: VCG
A bank employee counts money in Harbin, Heilongjiang province on March 29. Photo: VCG

* Policymakers are cutting banks some slack even as they make life more difficult

* Compliance is already having an impact on the profitability of some banks

(Beijing) — China’s banks are in the eye of the storm again this year as policymakers have made it clear there will be no letup in the campaign to prevent financial risks and rein in leverage in the financial sector.

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