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Business & Finance

China's central bank, banking and insurance regulator establish countercyclical capital buffer mechanism

  • They will regularly assess and adjust countercyclical capital buffer requirements to prevent systemic financial risks, according to a statement posted on the People's Bank of China (PBOC) website.
Published September 30, 2020 Updated September 30, 2020 07:54pm
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By Reuters
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HONG KONG: China's central bank and the country's banking and insurance regulator said they would establish a countercyclical capital buffer mechanism on Wednesday.

They will regularly assess and adjust countercyclical capital buffer requirements to prevent systemic financial risks, according to a statement posted on the People's Bank of China (PBOC) website.

The mechanism will be effective from Wednesday, the statement said.

China's central bank

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