Chinese Banks Continue To Reduce Debt As Policymakers Clamp Down

The latest updates on Chinese Banks and the shadow banking system China is continuing to clamp down on excess in its financial system as policymakers seek to rein in risky borrowing across the country. A recent report from analysts at Nomura summarised the steps policymakers have taken during 2017 to curb asset bubbles and financial risks including the roll-out of a series of regulations to deleverage the banking sector, largely by reducing bank exposure to shadow banking assets. Chinese Banks Continue To Reduce Debt As Policymakers Clamp Down The analysts note that during the past three weeks China’s CBRC has…