China banking and insurance regulator chief: systemic risks are under control

BEIJING (Reuters) – The head of China’s banking and insurance regulator said the authority has asked financial institutions to properly manage risks related to listed firms’ financing activities via stock pledging.

China Banking and Insurance Regulatory Commission, in a statement accompanied by comments from Chairman Guo Shuqing made in an interview with Chinese state media published on Friday, also quoted Guo as saying that insurers will be encouraged to invest in listed firms and allowed to set up products to address liquidity issues related to listed firms’ stock pledging.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.