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CHINA PRESS
CHINA PRESS: China's small and medium-sized city commercial banks may be under
greater pressure to reduce balance sheets by the government's push for
deleveraging and stricter oversight, the China Securities Journal reported
Monday, citing Zeng Gang, director of Banking Research Center with the Chinese
Academy of Social Sciences (CASS). Regulators will focus on shadow banking and
cross risks in the financial sector this year, and continue cracking down on
illegal businesses. Off-balance-sheet transactions will be made more
transparent, so banks can no longer expand using shadowy transactions, the
report noted. (China Securities Journal)