Banks get leeway for debt rejig

Regulator allows lenders to roll over company loans backed by shares

China will let banks roll over loans backed by shares and adjust their collateral requirements as the government tries to limit pressure for investors to sell stock and contain risks to the financial system from a market rout.

The China Banking Regulatory Commission also wants lenders to support firms' share buybacks by offering collateralized loans, the agency said in a statement on Thursday.