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China set up deposit insurance fund management company as financial risks climb

China's central bank set up a deposit insuarnce fund management company, it's latest move towards a market-oriented mechanism to dissolve increasing financial risks. It came at a time that market concerns spike after the financial regulator announced takeover of a regional commercial bank due to serious credit risks.

The People's Bank of China set up Deposit Insurance Fund Management Co. Ltd last Friday with registered capital . . .

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