November 2, 2018 / 8:50 AM / 15 days ago

China to step up control of financial holding companies

BEIJING, Nov 2 (Reuters) - China’s central bank said on Friday it will speed up regulations governing financial holding companies to help control their debt risk and high-leverage investments.

The regulator will set capital adequacy ratio and debt-to-asset ratio requirements on financial holding firms, the People’s Bank of China (PBOC) said in a financial stability report released on its website.

The PBOC also seeks to strengthen supervision over financial holding companies’ transactions, the report said. (Reporting By Beijing monitoring desk and Shu Zhang; Editing by Nick Macfie)

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