China Crackdown to Be Intensified After Xi Meeting, Nomura Says [Bloomberg Business News]
Nomura Holdings Inc ADR American Depositary Shares (NMR)
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Source: Bloomberg Business News
Analysts now expect ‘stricter financial regulatory measures’ President met with Politburo, regulators on financial risks New shadow banking measures may be unveiled and China’s central bank will probably continue to raise money-market rates after President Xi Jinping met with the country’s top officials over risks to the financial system this week, according to Nomura Holdings Inc. Xi gathered with members of the Communist Party Politburo and the chiefs of China’s four financial regulators April 25, ordering them to prevent systemic risks. Concern over a regulatory crackdown has whipsawed Chinese assets over the past two weeks. China Ups the Ante in Bid to Quash Financial Risk: QuickTake Q&A “We expect stricter financial regulatory measures to be rolled out, which we believe should be seen as targeted tightening, particularly in the shadow banking system, to de-leverage financial spec
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