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China issues rules on loss-absorbing bonds by systemically important banks

reuters.com · 04/29/2022 05:00
China issues rules on loss-absorbing bonds by systemically important banks

- China's banking regulator on Friday issued notices that would allow systemically important banks to issue bonds to absorb total losses.

The notices were sent to Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank, according to the China Banking and Insurance Regulatory Commission.


(Reporting by Shanghai Newsroom; editing by Jason Neely)

((samuel.shen@thomsonreuters.com; +86 21 20830018; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))