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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI POLICY:China Cuts Shadow Banking by CNY1.6 Trln in 3 Years
BEIJING (MNI) - China shrank the scale of its so-called shadow banking
industry by CNY1.6 trillion in the last three years, as it reined in activities
such as wealth management and off-balance sheet transactions, Huang Hong, a vice
chairman of China Banking and Insurance Regulatory Commission, said at a press
conference on Monday.
China last year also took greater measures to reduce risks in the banking
industry and resolved about CNY2 trillion in non-performing loans, according to
the commission. The commission also promoted market-based debt-to-equity
conversion, which amounted to CNY1.4 trillion.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$,MGQ$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.