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Friday, June 21, 2019

Tag: financial risk

China’s Xi urges financial risk prevention while seeking stable growth

Xi says it is necessary to focus on preventing risks on the basis of steady growth, while strengthening the countercyclical adjustment of fiscal policy and monetary policy.

China freezes US$1.5 billion of P2P assets in intensified probe

Authorities are now dramatically shrinking the market, which spawned the nation’s biggest Ponzi scheme, protests in major cities, and life-altering losses for thousands of savers.

China banks managing US$16 trillion can’t stop talking about risk

Despite slowing economic growth and record pace of corporate defaults, lenders reported lower bad-debt ratios as they cut exposure to the hardest-hit industries and increased recovery rates.

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