Published: 8:48am, 2 Feb, 2016 Updated: 2:54pm, 20 Jul, 2018
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. The People’s Bank of China (PBOC) has been tightening its grip on the financial sector since late last year, with regulators cracking down on banks that have borrowed too much from state-owned lenders or those whose