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CBRC issues draft plan to curb off-balance sheet business

Image by Markus Winkler from Pixabay

China’s banking regulator has issued draft rules that further restrict local lenders’ off-balance sheet business with a particular emphasis on wealth management products (WMPs). The proposal, put forward by the China Banking Regulatory Commission (CBRC), includes clarification on the types of off-balance sheet items covered by the rules and a risk quota cap. The draft does not specify how the…

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