China will take steps including management reshuffles and fund infusions to bols...
FILE PHOTO: Chinese characters reading,"seriously disrupting the financial order, jeopardizing economic, financial security and even social stability" are seen on a scrolling display at a branch of Yichuan Rural Commercial Bank in Yichuan county, Henan province, China October 30, 2019. REUTERS/Huizhong Wu
As financial stability remains the top priority, the regulator will use reform and restructuring as the key approach to resolving banking risks, instead of doing “surgeries,” said Zhou Liang, vice chairman of China’s Banking and Insurance Regulatory Commission , at a forum in Beijing on Sunday, Caixin reported.
“Smaller banks are small financial institutions by size, but they carry a great spill-over risk,” said Zhou. Zhou said some of the reform steps would include improving corporate governance, writing off non-performing assets and replenishing capital.
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