Chinese regulators establish countercyclical capital buffer mechanism
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
A new logic of China-Asean economic integration emerges from the Middle East conflict
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
