BEIJING (Reuters) - China's banking and insurance regulator said Friday that it has relaxed rules to help country's non-listed banks replenish capital.
The regulator will allow most city commercial banks and rural commercial banks that meet regulatory requirements to issue preferred shares to replenish tier-1 capital, according to a statement by the China Banking and Insurance Regulatory Commission (CBIRC).
(Reporting by Cheng Leng and Beijing Monitoring Desk; Editing by Kim Coghill)
