Bloomberg quoting ‘sources':

  • The China Banking Regulatory Commission (China’s banking regulator) has ordered some city commercial and rural lenders to strengthen their liquidity management this year, to set aside more funds to avoid a cash shortfall.
  • Signalling rising concern that defaults may climb
  • Some banks were asked to set aside reserves to ensure cash supply for 30 to 45-day periods, the sources said

More at the South China Morning Post

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I posted this a little earlier: China Securities Journal: China’s economy will be ‘very difficult ‘ this year