China Relaxes Capital Replenishment Rules for Non-Listed Banks

Published on: July 20, 2019

China’s banking and insurance regulator said Friday that it has relaxed rules to help country’s non-listed banks replenish capital. The regulator will allow most city commercial banks and rural commercial banks that meet regulatory requirements to issue preferred shares to replenish tier-1 capital, according to a statement by the China Banking and Insurance Regulatory Commission (CBIRC). Source: Reuters

China News Financial Service Macro