国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

China's ICBC chairman says shadow banks actually productive

(Agencies) Updated: 2014-06-25 14:14

The chairman of Industrial and Commercial Bank of China , the world's largest bank by market capitalisation, defended Chinese shadow banks on Tuesday, saying they support genuine economic activity.

China's ICBC chairman says shadow banks actually productive
Liquidity concerns abate for most Chinese lenders 

China's ICBC chairman says shadow banks actually productive
More lenders make RRR cuts 

In an oblique denial of criticisms that Chinese shadow banks encourage speculators, Jiang Jianqing said cash originating from the notoriously opaque sector is put to productive ends in the manufacturing and construction industries.

"Credit and loans in China's financial system are basically invested in the real economy," Jiang told a forum. "Even the money that comes from the shadow banking system is invested in the real economy. This is very strange phenomenon in China.

"No matter whether the funds come from trusts, wealth management products or other channels, they will be invested in areas such as urban construction, or in the property and manufacturing industries."

Many financial regulators, including the International Monetary Fund and China's own central bank, have warned about the financial dangers of the fast-growing Chinese shadow banks.

The worry is that lax lending standards will stymie the banking sector with bad loans as China's maturing economy slows - growth is forecast to cool to a 24-year low of 7.3 percent this year.

Last month, a senior China central bank official scolded the wealth management sector, which is a part of shadow banks, for encouraging Chinese savers to behave like gamblers in a process that he said was unduly raising funding costs.

Another central bank official said over the weekend that China's wealth management industry had assets totalling 12.8 trillion yuan ($2.06 trillion) at the end of May.

 

Hot Topics

Editor's Picks
...
...
临洮县| 齐齐哈尔市| 怀安县| 新津县| 阜康市| 阳山县| 亳州市| 志丹县| 马鞍山市| 房产| 谷城县| 怀柔区| 九江市| 仁布县| 巴彦淖尔市| 尼玛县| 周宁县| 贡觉县| 靖宇县| 东方市| 宣武区| 尤溪县| 江达县| 万荣县| 厦门市| 沙洋县| 遵义市| 中西区| 双牌县| 沐川县| 清水县| 西乌| 阜新市| 原阳县| 沙坪坝区| 本溪市| 土默特右旗| 内江市| 东乡族自治县| 海安县| 婺源县|