BEIJING (Reuters) – China’s central bank published draft rules on Friday to strengthen risk management over the use of commercial bills, and set up caps for banks’ commercial bills financing business, according to a statement.
Banks and finance companies shall not conduct commercial bill financing business of more than 15% of their total assets, according to the draft released by the People’s Bank of China (PBOC).
(Reporting by Beijing Newsroom and Shanghai Newsroom; Editing by Toby Chopra)
