China vows to crack down on high-risk banks as economy’s post-coronavirus rebound slows

Chinese regulators say they will “spare no effort” as part of a clamp down on high-risk financial institutions, including using targeted anti-corruption investigations, amid a flush of liquidity generated by coronavirus-related stimulus and increased fiscal spending.The move to tighten oversight of lending institutions follows an undertaking last Friday by the 25-member Politburo – the Communist Party’s top decision-making body – to maintain the “continuity, stability and sustainability of…

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