April 4, 2018 / 2:55 AM / 21 days ago

China will actively resolve shadow banking risks: central bank

BEIJING (Reuters) - China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central bank said on Wednesday.

FILE PHOTO: A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China June 21, 2013. REUTERS/Jason Lee/File Photo

China will effectively control the macro leverage ratio and credit risks in key areas, the People’s Bank of China (PBOC) said in a statement on its website.

Under the leadership of the Financial Stability and Development Committee (FSDC), the PBOC will strengthen inter-government coordination and specify a time frame and a roadmap for relevant work in the future, the central bank added.

Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez

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