China issues draft rules on management of affiliated transactions of financial holding companies

Kitco Media
By Reuters
Published:
Updated:
Reuters
BEIJING, Feb 9 (Reuters) - China's central bank on Thursday issued draft rules on management of affiliated transactions of financial holding companies, in a move to curb financial risks, according to a statement released on the regulator's website. The draft rules require financial holding companies to set up a quota limit for affiliated transactions and to improve management and information disclosure of such transactions. (Reporting by Ziyi Tang and Ryan Woo; Editing by Toby Chopra)

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