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.
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