Just doing a catch up on China news over the weekend
I posted earlier on the credit growth data - slower: China weekend data - credit growth slowed in December
Aside from trying to rein in credit growth, this along similar lines via Reuters from the China Banking Regulatory Commission (CBRC) said on Saturday
- its priorities included increasing supervision over shadow banking and interbank activities
- "Banking shareholder management, corporate governance and risk control mechanisms are still relatively weak, and root causes creating market chaos have not fundamentally changed"
- "Bringing the banking sector under control will be long-term, arduous, and complex," it said.
Link here for more
