China publishes rules on risk classification of banks' financial assets

Kitco Media
By Reuters
Published:
Updated:
Reuters
SHANGHAI, Feb 11 (Reuters) - China's central bank and its banking and insurance regulator published rules on on Saturday regarding the risk classification of banks' financial assets, to help accurately assess credit risks and reflect their real asset quality. The rules take effect from July 1, the China Banking and Insurance Regulatory Commission said in a statement. (Reporting by Shanghai Newsroom; Editing by Clarence Fernandez)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.