21.6 C
New York
Tuesday, July 5, 2022

Central bank adviser says China should limit credit impact of deleveraging: Caixin

Central bank adviser says China should limit credit impact of deleveraging: Caixin© Reuters. Central bank adviser says China should limit credit impact of deleveraging: Caixin

BEIJING (Reuters) – A Chinese central bank policy adviser said on Wednesday that Beijing should limit the credit impact of the country’s financial deleveraging drive.

China’s regulators should not kill all shadow banking activities, but they should channel such off-balance sheet loans into the real economy, Sheng Songcheng, an adviser to the People’s Bank of China, wrote in an article published in the Chinese financial magazine Caixin.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,297FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles