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China's to focus on impact on stability of non-bank financial institutions - working paper

Reuters  |  BEIJING 

BEIJING (Reuters) - China will pay closer attention to the influence of non-bank financial institutions on financial stability, and the impact of local policy interventions on broader global markets, according to a central bank working paper published on Tuesday.In recent years non-bank institutions such as trust and investment companies, or fund and asset management firms have expanded their activity - much of it a less regulated form of lending - even as policymakers have tried to rein in leverage in the Chinese economy."Though banks still dominate China's financial system, non-bank ...

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First Published: Tue, May 09 2017. 15:39 IST