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China bank regulator cracks down on improper bad debt transactions

It intensifies scrutiny of distressed asset managers as NPLs hit 10-year high of 1.27 trillion yuan

Beijing

CHINA'S banking regulator has tightened up its scrutiny of the country's distressed asset managers in a bid to crack down on improper bad debt transactions with commercial banks, an internal document reviewed by Reuters shows.

China's asset management companies (AMCs) are

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