“China’s State Council imposed new controls on the shadow-banking industry with an order that targets off-the-books loans and shores up enforcement of current rules, three people familiar with the matter said this week. The Cabinet order highlights concern that lending outside the banking system, estimated by JPMorgan Chase & Co. at 36 trillion yuan, or 69 percent of 2012 gross domestic product, may threaten the financial system’s stability. The CBRC requirement will apply to at least 12 of the 19 Chinese banks whose shares are publicly traded, data compiled by Bloomberg show.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Foreign embassies in London hard hit as HSBC closes their bank accounts
World's Nicest Traffic Cop Has Issued 25,000 Tickets With Zero Complaints
RBS has lost all the £46bn pumped in by the taxpayer
Australia to adopt tougher sanctions against Russia over Ukraine
Deporting 200,000 El Salvadorian Refugees Will Tear Families Apart
NYPD Police Sergeant Calls For Crackdown On Social Media Dissent
Aging Chinese apologize for their roles in the Cultural Revolution
U.S. Budget Deficit Narrows as Economy, Jobs Boost Tax Revenue
Obama’s inauguration committee to accept corporate cash
Judge Napolitano: Is This Constitutional? The California Nanny State Laid Bare.
After gun enthusiast’s arrest, rifle-toting protestors gather outside McAllen PD
Will Obama Bailout Crony Sugar Processors?
Money laundering investigation stymied by China, Italy says
Repo Market Decline Raises Alarm as New Regulations Strain Debt
Bitcoin exchange Mt. Gox hit by $75 million lawsuit