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Chinese regulator warns that banks and insurance companies are not allowed get involved in illegal margin lending business to fund stock trading, as China's stock market stages a rally fuelled by economic recovery and ample liquidity.
The China Banking and Insurance Regulatory Commission (CBIRC) said in a recent statement that some disorder has returned to the markets and some high-risk shadow banking activities have been revived, and some have attempted to make a comeback in new forms and new features.
“The leverage ratio of enterprises, households . . .
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