China’s Central Bank Warns Of Financial Risks, Including Potential Defaults
China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties. The detailed comments mark the latest warning from high-level officials in China in recent weeks about domestic market risks.
BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties.
These risks include “oscillation” in the stock and fixed income markets and potential bond defaults in real estate companies, said Zou Lan, director of the People’s Bank of China’s financial markets department.
The detailed comments mark the latest warning from high-level officials in China in recent weeks about domestic market risks. The Shanghai composite is little changed for the year, while the S&P 500 has climbed more than 5%.
– CNBC