China is planning new rules to prevent abuses by the country’s “bad loan” banks, such as disguised corporate lending or enabling commercial banks to evade regulatory requirements by temporarily shifting loans off their balance sheets.
The new rules are also designed to encourage the Chinese “bad loan” banks to increase their role in helping other financial institutions dispose of distressed assets.
In recent days, the China Banking and Insurance Regulatory Commission has sought industry comment on draft rules setting clear limits on the business areas in which local bad-debt managers are allowed to engage, according to images of the document that circulated online.
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