Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Pictured, the People's Bank of China. Photo: Bloomberg Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Pictured, the People's Bank of China. Photo: Bloomberg
Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Pictured, the People's Bank of China. Photo: Bloomberg
China

Regulatory storm hits China’s banks as Xi pushes for better risk controls

Fears about shadow banking have sent regulators into top gear, raising the prospect of a sell-off in the bond and stock markets

Wendy Wu
Wendy Wu

Updated: 2:55pm, 20 Jul, 2018

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Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Pictured, the People's Bank of China. Photo: Bloomberg Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Pictured, the People's Bank of China. Photo: Bloomberg
Beijing’s fears about the industry were spelled out on Tuesday when “financial risks” were referenced twice in a statement from a Politburo meeting chaired by Chinese President Xi Jinping. Pictured, the People's Bank of China. Photo: Bloomberg
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