Chinese Banks Are Improving As Other Cracks Emerge In Financial System: Moody’s

The latest set of quarterly results from China’s biggest banks, show an improvement across key metrics, but cracks are showing in other parts of the country’s financial system. [munger] Q2 hedge fund letters, conference, scoops etc In 2017, Chinese authorities began a regulatory tightening to try and improve the quality of China’s financial sector balance sheet. Regulators have been mainly focused on de-risking shadow banking and interbank activities, two areas of the market which have seen unchecked growth in recent years. The data show that broadly speaking, the financial sector is responding well to these regulatory initiatives. The country’s four…