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Chinese regulator to step up scrutiny on bill financing practice

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China’s banking regulator will step up checks on banks' practice of commercial bills after the Premier Li Keqiang warned over risks of arbitrage behind the surging bill financing in January. Several banks have kicked off self-review of the practice of commercial bills.

The authority will tighten scrutiny to ensure that all funds are invested in the real economy reduce financing costs for businesses, said Wang Zhaoxing, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC), during . . .

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