Zhou Xiaochuan: Financial System Healthy
PBOC chief Zhou Xiaochuan says the financial system is healthy, but there are risks in the debt and housing market. AKA the Chinese financial system.
iFeng: 周小川：中国金融体系总体健康 但也存在债市房市风险等
In addition, China will continue to implement a proactive fiscal policy, monetary policy emphasizes “stable neutrality”. With the domestic economic situation to further improve the pre-stable market expectations of the initial effect of the policy and the international market views on the dollar in the context of differences, China’s cross-border capital two-way flow, the RMB exchange rate two-way floating, tends to balance. China’s financial system as a whole is healthy, but there are risks such as high overall leverage, debt and housing risks and cross border shadow banking, etc.