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在线翻译:
szdaily -> Business
Shadow banking ‘needs more oversight’
    2017-July-6  08:53    Shenzhen Daily

THE shadow banking sector lacks sufficient regulation and the regulator would give more prominence to financial risk controls, the central bank has said.

Compared with traditional bank lending, the opaque nature of shadow banking products make it easier for them to bypass regulatory requirements and provide credit to restricted areas, the People’s Bank of China said in its annual China Financial Stability Report released online Tuesday.

The central bank will increase supervision over the rapidly growing asset management industry to curb shadow banking risks, it said.

Since the first quarter, the central bank has included banks’ off-the-balance-sheet wealth management products in its examination of broad credit in its Macro Prudential Assessment (MPA) risk tool.

The world’s second-largest economy faces major challenges, including excess industrial capacity, sluggish growth, high corporate leverage, mounting local government debt, property bubbles in some regions, and the deterioration of banking assets, the central bank said in the report.

As the economy still faces relatively big downward pressures, the bank pledged to create a favorable monetary and financial environment for the development of the real economy this year.

It said it would continue to implement a prudent and neutral monetary policy, and keep liquidity in the country’s financial system basically stable.

The central bank will use various policy tools to maintain stable liquidity and will guide reasonable growth in money supply, credit and social financing.

The central bank said the country’s economic and financial operations were basically stable, but it would closely monitor changes in international capital flows.

The central bank also said it would strengthen coordination with other financial regulators to fend off systemic financial risks. (SD-Agencies)

 

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