China banking regulator issues risk control guidelines

Shanghai

CHINA'S banking regulator said on Monday it has issued guidelines on risk control for lenders, as authorities ramp up efforts to contain risks from a rapid build-up in debt.

The move is the latest in a slew of measures taken by China's regulators to reduce leverage and risk in the country's banks.

Earlier steps have included reining in wealth management products and probes into assets which are kept off banks' balance sheets.

China's banks extended a record 12.65 trillion yuan (S$2.6 trillion) of loans in 2016, des…