CBRC warns banks of off-balance-sheet activities and assets

Revised guideline to mitigate risks from wealth management products by raising capital reserve

China will tighten risk control of commercial banks' off-balance-sheet activities, which have been growing rapidly to a tremendous size in recent years.

Commercial banks should include off-balance-sheet activities in their comprehensive risk management system, according to the draft of a revised guideline on risk management of commercial banks' off-balance-sheet activities issued by the China Banking Regulatory Commission on Wednesday.