Shannon Dong

43 posts

SAFE lays out priorities for 2022

SAFE’s 2022 priorities are similar to its 2021 list apart from a new emphasis on “external shocks,” which we think refers to expectations of increased volatility on forex markets in 2022. The US Federal Reserve has flagged its intention to raise interest rates this year to combat inflation, which could roil global asset prices and the forex market…
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PBoC issues draft rules to set up unified regulatory system for local financial supervision and administration

China’s regulators may have financial risks at the national level under control, but the various scandals that have erupted over the last few years at the local level – involving small banks, trust companies, and illegal lending schemes – illustrate that they do not have a good enough grasp of what’s going on in the provinces…
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