CHINA BANKING REGULATOR WARNS OF RISKS IN NINE SECTORS

BEIJING - The China Securities Journal has published a report warning of the risks of loans to industries in sectors which are closely related to cyclical economic growth, or have struggled to deal with overcapacity issues. The sectors mentioned in the report included property, steel, and PV. The report warns the nation’s financial institutions about major industry’s exposure to excessive debts, high leverage and overcapacity.