Tightening regulation and an increasing number of criminal investigations into Chinese banks, and particularly their bill-financing businesses, could reduce liquidity in money markets and trigger a panic in stock markets, according to reports. Published: This follows the emergence of a RMB 969m ( 590 ) fraud reported at Agricultural Bank of China , and a similar fraud reported by China Citic Bank last month , in which 2:54pm employees illegally sold RMB 3.9bn ($ $147m m).
Tightening regulation and an increasing number of criminal investigations into Chinese banks, and particularly their bill-financing businesses, could reduce liquidity in money markets and trigger a panic in stock markets, according to reports. This follows the emergence of a RMB 969m ( 590 ) fraud reported at Agricultural Bank of China , and a similar fraud reported by China Citic Bank last month , in which 2:54pm employees illegally sold RMB 3.9bn ($ $147m m).