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12 Jun 2019, Gergana Bencheva, EMIS Editor

China assures continued support to small lenders

China has assured it would continue to provide liquidity support to small lenders, Shanghai Daily reported following a meeting attended by the country's financial authorities and major banks. The promise came after fluctuations in the interbank market were spotted over the past few days.

According to the China Banking and Insurance Regulatory Commission, the country’s small and medium banks have relatively ample liquidity and their risks are under control. China’s central bank also assured it would continue to leverage various monetary policy tools to ensure reasonable and ample liquidity in the financial market.

The interbank market issue was raised last month as concerns over credit risks of the country's small banks rattled the segment as regulators took control over Baoshang Bank. However, the authorities noted it was a single case, Shanghai Daily underlined.

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