CBRC Warns of Banks’ Risks Amid Support to Belt and Road: News
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Source: BFW (Bloomberg First Word)
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CBRZ CH (China Banking Regulatory Commission)
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UUID: 7947283
(Bloomberg) -- Chinese banks face relatively high interest-rate, FX-rate risks while supporting projects under Belt and Road initiative, Shanghai Securities News reports, citing an unidentified official from China Banking Regulatory Commission’s international dept.
- Currencies of some nations along the Belt and Road routes are suffering from large depreciation
- Warns of compliance and anti money-laundering pressure, increasing systemic risks and trade protectionism
- Chinese banks should expand financing channels both domestically and overseas to seek long-term low-cost funds
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
CBRZ CH (China Banking Regulatory Commission)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283