June 19, 2020 / 9:42 AM / a month ago

MEDIA-China seeks to reduce off-balance-sheet lending by trust firms - China Securities Journal

BEIJING, June 19 (Reuters) - -- Source link: bit.ly/30X2ExK -- China's banking regulator has asked trust firms to further reduce the offering of off-balance-sheet lending to firms to contain financial risks, the state-backed China Securities Journal reported on Friday, citing representative of the China Banking and Insurance Regulatory Commission (CBIRC). -- Note: Reuters has not verified this story and does not vouch for its accuracy (Reporting by Cheng Leng and Ryan Woo)

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