Chinese regulator issues draft measures to improve management for syndicated loan business

China's National Financial Regulatory Administration has issued draft measures to improve management of syndicated loan business, according to a statement released by the regulator on Friday. The measures lower the minimum proportion of the lead bank's loans of total syndicated loans. Village banks should not engage in issuing syndicated loans, it said.

China's National Financial Regulatory Administration has issued draft measures to improve management of syndicated loan business, according to a statement released by the regulator on Friday. The deadline for public feedback on the measures is April 20, the regulator added.

The measures will push for banks to strengthen high-quality financial services for key areas and weak links to support the development of the real economy. The measures lower the minimum proportion of the lead bank's loans of total syndicated loans. Village banks should not engage in issuing syndicated loans, it said.