global financial risk

Wall Street Journal: China’s Systemic Risk

From an editorial in the Wall Street Journal Asia: A Chinese financial newspaper last month reported a case in which a Shanghai township took two billion yuan ($293 million) in loans intended for a new railway and instead used...

Chinese Regulator Warns of Global Financial Risks – Reuters

From Reuters via Chinese banks need to be on high alert to international financial market risks, the country’s top banking regulator said in remarks published on Tuesday. Traditional business dealings and long-term corporate investment were being replaced with “high-risk and high-return short-term speculation”, said Liu Mingkang, chairman of the China Banking Regulatory Commission . […]

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