More debt assets to come under regulatory scrutiny

More types of debt assets have been identified by China's financial regulator as "nonstandard" and will face tighter scrutiny from 2020, as the country steps up its efforts to rein in the shadow banking sector and control financial risks.

About 800 billion yuan ($113.39 billion) of debt instruments, which were in the "gray zone" of financial regulations before, will be classified as nonstandard assets, analysts said, based on new standards proposed by the People's Bank of China, the central bank, on Saturday.

The new set of standards comes nearly 18 months after the PBOC tightened regulations on the country's 100 trillion yuan asset-management industry in April, 2018.