Chinese regulators encourage banks, asset managers to help address risks in property sector as liquidity crunch persists

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Chinese regulators encourage large banks and national asset management companies to help address risks at distressed property developers as the liquidity crunch in the real estate sector persists.

The People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) recently held a meeting with representatives from 18 national commercial banks and 5 national asset management companies about stepping up financial support to the real economy, the PBOC said in a . . .

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