CHINA’S securities regulator will require the country’s listed banks to increase disclosure of off-balance-sheet exposure, asset quality and other risk indicators, in a move to increase market discipline and temper banks’ expansion into risky new business lines.

    The China Securities Regulatory Commission (CSRC) has revised the regulations detailing what information listed banks must disclose in their regular financial statements, the agency Friday.

    “Following the daily expansion of commercial banks’ traditional credit business, newly emerging off-balance-sheet business lines, and hybrid business lines ... various countries have reached a consensus about strengthening information disclosure and transparency requirements,” the agency said.

    The revisions require new disclosure on risk indicators, including more detailed information on wealth management products, which have emerged as a major new business line for banks since 2010. (SD-Agencies)