China signals more and less stimulus

Thursday, 31 August 2017

Via Caixin comes less credit:

China’s banking regulatory commission is drafting new rules covering the country’s three policy banks in a bid to tighten oversight of the giant institutions and ensure a level playing field for commercial lenders.

As part of stepped-up regulation of the banking sector, the China Banking Regulatory Commission released draft guidelines late Monday for the Export-Import Bank of China (Exim Bank) and the Agricultural Development Bank of China (ADB). The commission will collect public comments on the two draft rules till Sept. 27.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.