China banks pose lower global risk after curbs on shadow banking

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China banks pose lower global risk after curbs on shadow banking
By Don Weinland in Hong Kong
A crackdown on China’s Rmb62.9tn ($9tn) shadow banking industry is easing concerns about the potential systemic risk of the country’s banks to the global financial sector.
The Basel-based Financial Stability Board has lowered China Construction Bank, China’s second-largest bank and one of the world’s largest lenders, to the bottom tier of its list of “globally systemically important banks”.

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关键词：Banking shadow Global Curbs China