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The environment nurturing "grey.........>

CHINA PRESS
CHINA PRESS: The environment nurturing "grey rhinos" -- including shadow
banking, property bubbles and illegal financing -- must be changed to prevent
financial-sector risks, according to a front-page commentary in the Economic
Information Daily, an official Xinhua News Agency newspaper. Grey rhinos are
caused by credit relationships and asset allocation of microeconomic
participants. Those responsible for some economic costs should provide insurance
for some assets and need to be identified. The "morals" of market participants
must improve, the commentary said. (Economic Information Daily)

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