Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN Prohibits Financial Asset Mgmt Firms from Increasing Local Govt Implicit Debts in Any Form
Recommend 8 Positive 15 Negative 13 |
||||
|
||||
|
China's National Financial Regulatory Administration (NFRA) has issued guiding opinions on promoting the high-quality development of financial asset management companies as well as enhancing the quality and efficiency of supervision. The opinions emphasized strengthening and optimizing the acquisition and disposal of non-performing assets to help mitigate risks in small and medium-sized financial institutions and the real estate sector. Meanwhile, under the premise of controllable risks and commercial sustainability, efforts should be made to actively increase the acquisition, management, and disposal of non-performing assets from commercial banks and non-bank financial institutions, serving the reform and risk mitigation of local small and medium-sized financial institutions. The opinions also stressed the prohibition of financial asset management companies from increasing local government implicit debts in any form and called for bolstered regulation of related-party transactions to prevent the transfer of benefits and regulatory arbitrage. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
