Comments by China's central bank

  • China will strengthen inter-government coordination of risk controls
  • Will prudently tackle risks of various financial institutions
  • Will actively resolve shadow banking risks
  • To control macro leverage ratio

Moving forward, I expect more comments such as these from the PBOC. Xi Jinping is adamant on cracking down on financial and credit risks, and his recent restructuring of the PBOC is only one example of the efforts being put in to tackling those risks mentioned.