08/12/17

IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks' Capital



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IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks' Capital
// Zero Hedge

The IMF released a new analysis on the instability stability of the Chinese financial system. Speaking to the media in an online briefing, some of the insights from Ratna Sahay, deputy director of the IMF's Monetary and Capital Markets Department, hardly advanced our knowledge much.

Sahay noted that "Risks are large. Having said that, the authorities are really aware of risks and they are working proactively to contain these risks."

That's why the authorities are finally racing to ....

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