China's top banking regulator warns of bad debt, Ponzi schemes

Reuters2021-06-10

SHANGHAI, June 10 (Reuters) - China's top banking and insurance regulator Guo Shuqing said banks should actively guard against the rebound in non-performing loans.

Investors should also be aware of potential investment losses on financial derivative products, and rising Ponzi schemes, Guo told a financial forum in Shanghai via a video message.

The regulator will also resolutely clean up illegal security issuance activities and fend off the pick-up in shadow banking activities, Guo added.

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Comments

  • SSVC
    2021-06-10
    SSVC
    Ya. Appreciate your response and comments Thanks 
  • Sap
    2021-06-10
    Sap
    Omg
  • chandra
    2021-06-10
    chandra
    Sorry for the investor
  • AhSon
    2021-06-10
    AhSon
    China it’s coming 
  • Benstonk
    2021-06-10
    Benstonk
    Shadow banking is bad
  • Clc2
    2021-06-10
    Clc2
    Ponzi
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