PBOC Expands Warning on Bond Investments to Regional Banks

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PBOC Expands Warning on Bond Investments to Regional Banks

(Bloomberg) -- China’s central bank has advised some regional lenders to curtail their ultra-long bond investments to mitigate risks, people familiar with the matter said.City and rural commercial banks in at least two eastern provinces were instructed in recent weeks to avoid significant exposure to these securities, the people said, asking not to be identified as the information is private. Under the guidance from local branches of the People’…