China’s banking commissioner has warned the country’s city banks over the hidden credit risks related to the mid-tier lenders’ aggressive push into investment products.
City commercial banks — the fastest growing segment of China’s banking industry — have been flagged by analysts as a potential hotspot for stress in the financial system.
For some of the lenders, the rate at which they have invested in opaque financial products has outpaced growth in traditional lending. Other municipal banks have suffered fraud cases that have left holes in their balance sheets.
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