The China Banking Regulatory Commission is likely to compel banks to carry funds raised for wealth management on their balance sheets, the latest move signaling stricter regulation and monitoring of the business.A small change, but maybe the first step of many to curtail bank lending.
The balance sheet treatment is expected to result in banks holding more capital in reserve, restricting their ability to expand. The rule is likely to be announced this week.
That Fabulous Fib
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FEEDI haven’t messed around with Fibonacci retracements in weeks, and it
occurred to me that, with all the market action over the past month, it was
high t...
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