Comments by China's Banking and Insurance Regulatory Commission
- China will deepen financial supply side reform this year
- Shadow banking was under effective supervision
- Overall financial risks have been under control
This can be taken as another positive for Chinese stocks and risk assets in general. The fact that they are making an open statement here highlights that they'll be continuing to take a step back on deleveraging measures and that should free up some room for credit growth to boost the economy this year.
