China refines capital and risk management rules for commercial banks

China refines capital and risk management rules for commercial banks

FILE PHOTO: A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee

China‘s banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks capital adequacy and risk management, in a step to better prevent risks in the country’s financial system.