(Reuters) – Local financial authorities in eastern China have asked some rural commercial banks to rein in the scale of investments in public funds, three sources with knowledge of the matter said.
The rural banks are required to count public fund investment under their investments via special purpose vehicles, which together should not exceed 2.5% of their total assets, the sources said.
The National Financial Regulatory Administration did not immediately reply to a Reuters request for comment.
The sources declined to be named as the information is confidential.
(Reporting by Reuters staff; Editing by Christina Fincher)
