The BEIJING Banking Regulatory Commission (CBRC) has ordered the country's lenders to identify and control risks as the government moves to introduce greater financial supervision. The order, published on the CBRC's official website, is the latest in a series of notices by regulators aimed at limiting risks generated by the issuance of loans and more complex financial products. BEIJING's banks have now been told to standardise their information disclosure on financial products sold to both public and private entities.
The China Banking Regulatory Commission (CBRC) has ordered the country's lenders to identify and control risks as the government moves to introduce greater financial supervision. The order, published on the CBRC's official website, is the latest in a series of notices by regulators aimed at limiting risks generated by the issuance of loans and more complex financial products. China's banks have now been told to standardise their information disclosure on financial products sold to both public and private entities.