The central bank should lead the new regulatory regime, and facilitate co-operation and information sharing such as with the China Banking Regulatory Commission. Photo: Bloomberg
The central bank should lead the new regulatory regime, and facilitate co-operation and information sharing such as with the China Banking Regulatory Commission. Photo: Bloomberg
Hu Shuli
Opinion

Opinion

Hu Shuli

Mounting local government debt a crisis in the making in China

Hu Shuli says authorities must rein in credit creation, audit the accounts and require more transparency in an overhaul of the regulatory regime

The central bank should lead the new regulatory regime, and facilitate co-operation and information sharing such as with the China Banking Regulatory Commission. Photo: Bloomberg
The central bank should lead the new regulatory regime, and facilitate co-operation and information sharing such as with the China Banking Regulatory Commission. Photo: Bloomberg
READ FULL ARTICLE