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Chinese regulators establish countercyclical capital buffer mechanism

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China's central bank and the country's banking and insurance regulator said they would establish a countercyclical capital buffer mechanism on Wednesday.

[HONG KONG] China's central bank and the country's banking and insurance regulator said they would establish a countercyclical capital buffer mechanism on Wednesday.

They will regularly assess and adjust countercyclical capital buffer requirements to prevent systemic financial risks, according to a statement posted on the People's Bank of China (PBOC) website.

The mechanism will be effective from Wednesday, the statement said.

REUTERS

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