CBRC tells policy banks to beef up risk management

Latest regulations are part of efforts to implement directive on financial security

The country's top banking regulator has called on China Development Bank Corp and the Export-Import Bank of China to step up management of country risks, compliance risks and overseas lending risks, while they support Chinese companies expanding their business globally.

On Wednesday, the China Banking Regulatory Commission issued regulations for three State-owned policy banks, CDB, China Exim-Bank and Agricultural Development Bank of China.