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3Novices:Report warns contagion risk grows among Chinese banks as capital levels weaken

Connectivity within the Chinese banking system is growing, a new report was warned, increasing financial contagion risk across the sector as a whole, if any companies were to suffer serious distress.
The study, by top Chinese securities company Everbright Securities, released on Wednesday, highlighted national joint-stock commercial banks, as well as some city commercial banks, as accounting for 40 per cent of such “interrelated assets”, which grew at a compound annualised pace of…
June 14, 2017 at 03:41PM http://ift.tt/2t1gQT2
#3Novices #News #OnlineMedia #China 3Novices China

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