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China banking regulator to broaden capital tools for commercial banks

China Materials 12 March 2018 13:00 (UTC +04:00)
China’s banking regulator said on Monday it will broaden tools for commercial banks to replenish their capital to boost their ability to support economic growth
China banking regulator to broaden capital tools for commercial banks

China’s banking regulator said on Monday it will broaden tools for commercial banks to replenish their capital to boost their ability to support economic growth, Reuters reports.

The China Banking Regulatory Commission (CBRC) is amending rules for commercial banks to issue perpetual bonds, convertible capital instruments, and other innovative loss-absorbing debt instruments, it said in an online statement.

The move will increase banks’ ability to deal with external shocks, the CBRC added.

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