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Regulators pressure Chinese banks on structured deposits

MNI (Sydney)

Chinese banks are under increasing regulatory pressure to cut structured deposits this year by trillions of yuan, the Shanghai Securities News reported.

Authorities are targeting structured deposits because they have pushed up banks' debt-serving and financing costs, reducing their
ability to properly serve the real economy, the newspaper said.

Chinese banks' structured deposits plunged in June under sustained supervisory pressure, dropping by about CNY1 trillion in

May to a remaining balance of CNY10 trillion at the end of last month, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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