World Bank Warns on Shadow Banking Of Chinese Debt

#13527
Helmholtz Watson
Participant

PBOC Drafts New Regulations 17 Nov

Includes:

financial institutions will be punished for providing implicit guarantees for asset management products
financial institutions not allowed to use asset management products to invest in commercial banks’ credit assets
financial institutions need to provision 10% of asset management products fee income as risk reserves

More to follow in upcoming story 🙂