China says no change to lenders' investment in policy bank bonds

Credit: REUTERS/CHINA STRINGER NETWORK

China's banking and insurance regulator said on Monday there have been no changes to existing regulations on lenders' investment in policy bank bonds.

BEIJING, Sept 2 (Reuters) - China's banking and insurance regulator said on Monday there have been no changes to existing regulations on lenders' investment in policy bank bonds.

The Banking and Insurance Regulatory Commission (CBIRC) made the comment in statement sent to Reuters.

Reuters reported on Thursday that the regulator has started to restrict lenders' investment in policy bank bonds, widely seen as an effort to prod lending to the broader economy.

China's government bonds rallied on Thursday.

(Reporting by Cheng Leng, Vincent Lee and Beijing Monitoring Desk; editing by Darren Schuettler)

((cheng.leng@thomsonreuters.com; +8610-5669-2129;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More