China’s banking regulator has called on the country’s lenders to step up risk management in their overseas operations, Dow Jones Newswires reported Tuesday. In a notice posted online, DJN said, the China Banking Regulatory Commission urged banks to assess the economic and political situations in their external markets, be cautious about giving credit to overseas customers and not rely on credit-rating agencies alone when considering overseas bond investments.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News