China’s banking regulator is moving to address rising financial risks stemming from the country’s slumping property market and several small banks ensnared in a liquidity crisis. The China Banking and Insurance Regulatory Commission said in a statement published on its website Monday that it will urge banks to provide the credit that eligible property developers need to complete unfinished residential projects. It will also study a plan to fill future funding gaps for such projects. The…
Dow Jones Newswires: China’s banking regulator vows to tackle risks from property sector, small lenders
