China Reduces Number of High-Risk Financial Institutions to Defuse SVB ‘Bombs’
By Editor - Wed Mar 15, 6:59 pm
The People’s Bank of China (PBOC), the country’s central bank, said on Wednesday that it will begin trimming back the number of high-risk financial institutions in China to avoid the risk of “bombs” like Silicon Valley Bank (SVB).
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China Reduces Number of High-Risk Financial Institutions to Defuse SVB ‘Bombs’