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Bloomberg

PBOC Supports Banks' Moderate Bond Buying, Flags Excessive Risk

Markets China's central bank is encouraging smaller lenders to invest in sovereign bonds 'within reasonable limits,' while continuing to caution against excessive risk-taking. Medium-to-small banks should balance returns with risk management in their bond investments, Cao Yuanyuan, director of the People's Bank of China 's Financial Market Department, said at a press briefing on Monday. Financial institutions with aggressive bond portfolios should remain vigilant about interest rates and credit risks, Cao said.