Econ and Finance - 16 Jul 2021

CBIRC to banks and insurers: don’t feed the monster

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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...

Snuh-ohez.

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