China’s BRC Orders Banks To Close Lending Loophole

The China Banking Regulatory Commission [CBRC], the nation’s banking regulator, ordered banks to close a regulatory loophole that allowed them to get around lending quotas at a time Beijing looks increasingly concerned about credit risks amid an economic slowdown. China’s regulator ordered banks to move loans that they had transferred to trust companies back to their balance sheets by the end of next year. – WSJ

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