CBIRC to banks and insurers: don’t feed the monster
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
There's been a lot of chatter in China's financial industry this past week about a certain "Document No.15," sent to banks and insurers by the industry regulator, CBIRC.
The document ordered financial institutions not to help local governments hide or increase hidden debt by lending to local go...