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MNI (CORRECTED): China Targets Debt Risks With Stability Fund

BEIJING (MNI)

Cleaning up debts at high-risk banks is joined with an effort to refocus lending to small businesses.

True

(Corrects article first published on March 15, removing reference to "millions of yuan" in paragraph eight.)

China is determined to get ahead of the curve on risks from the banking sector through a Financial Stability Guarantee Fund to defuse any potential domestic and overseas challenges to market stability, former People’s Bank of China officials and now industry executives told MNI.

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(Corrects article first published on March 15, removing reference to "millions of yuan" in paragraph eight.)

China is determined to get ahead of the curve on risks from the banking sector through a Financial Stability Guarantee Fund to defuse any potential domestic and overseas challenges to market stability, former People’s Bank of China officials and now industry executives told MNI.

Keep reading...Show less