Monday, September 19, 2016

China Facing A Full Blown Banking Crisis


BBC: Global banking watchdog warns over Chinese banks

Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog.

A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review.

China's credit-to-GDP gap hit 30.1 in the first quarter of 2016, it said.

The BIS considers a credit-to-GDP gap of 10 to be a sign of potential danger.

A year ago the BIS quarterly review put the figure for China at 25.4.

Read more ....

More News On China Facing A Banking Crisis

China facing full-blown banking crisis, world's top financial watchdog warns -- The Telegraph
Warning sign on China debt reaches record level: report -- AFP
China banking crisis fears as debt hits record level -- SKY News
Warning Indicator for China Banking Stress Climbs to Record -- Bloomberg
Increasing risk of banking crisis for China banking: international watchdog -- SCMP/Reuters
China's debt crisis: Just how bad is it? -- Karishma Vaswani, BBC
China’s banking system is riskier than it has ever been, the latest global data shows -- Quartz

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