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China’s banking regulator drafting bankruptcy rules

By China Daily. Originally published at ValueWalk.

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China’s banking regulator drafting bankruptcy rules

China’s top banking regulator is drafting rules on bankruptcy risk handling for commercial banks, aiming to provide sufficient guarantees for rapidly and thoroughly dealing with banks in crisis. In reply to a proposal by the fifth session of the 12th National People’s Congress, the top legislative body of China, the China Banking Regulatory Commission said it…


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