Boost controls for local govt bonds: CBRC
By Yang Ziman | China Daily | Updated: 2013-12-18 07:01
Banks advised to keep close watch on risk
Enhancing risk controls and ratings for local treasury bonds will be one of the most important goals for banks in 2014, the chairman of the China Banking Regulatory Commission said on Tuesday.
The amount of the bonds issued by local governments must also be curbed next year, said Shang Fulin, the chairman of the CBRC.
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