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Deleveraging Must Consider What Market Can Bear: Official

Guo Shuqing,  chairman of the China Banking and Insurance Regulatory Commission, speaks at the Lujiazui Forum in Shanghai on June 14. Photo: IC
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, speaks at the Lujiazui Forum in Shanghai on June 14. Photo: IC

China’s financial deleveraging campaign must consider the ability of financial institutions and the market to absorb the impact of tightening policies, and the illusion of any potential government bailout must be shattered, China’s top banking and insurance regulator said Thursday.

China Banking and Insurance Regulatory Commission (CBIRC) Chairman Guo Shuqing made his comments as analyst expectations rise that the government may relax its hard-line stance on deleveraging amid growing signs of cooling in the world’s second-largest economy.

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