Non-bank Chinese institutions need funding

CHINA - China's central bank wants to draw private capital into investing in hundreds of cash-starved non-bank financial institutions to boost their financial strength, according to China Securities.

The newspaper quoted Xia Bin, the People's Bank of China non-banking institutions division chief, as saying that despite the institutions' efforts to expand their operations over the past decade, more needed to be done to face the competition in the domestic capital markets after China joined the

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