China's smaller banks, more vulnerable to interest rate risks, could suffer from shrinking interest spreads and investment losses during a rate hike cycle, GF Securities said in a report this week.
The Securities Times said that while the SVB incident reflects loosened regulation of such banks in the U.S., a slew of financial regulatory reforms in China over the past years have cleaned up the industry, curbed shadow banking and reduced financial risks. In addition, China has been closing regulatory loopholes, the editorial said. In the latest move, China said last week it would set up a new national"Although the SVB incident won't have material impact on China's finiancial markets, China's financial industry still needs to earnestly learn from this lesson, and always prioritise risk prevention and control," the newspaper said.
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What an utterly stupid article. Do better.
Lesson: “Don't think that laundering money into a US bank then no one can rob you.”
Kein Unternehmen ist vor dem Risiko hoher Zinsen sicher.
A lesson for the whole world really; of how corrupt the financial swamp is in the collective West. How nobody who created the problems rarely get punished and even when they do, it's just a slap on the wrist. Rinse and repeat.
Lol, lessons for China. China and Russia are chuckling away right now. I reckon that China financials are in a much better position than the USA is. If China pulled all its loans from the USA, the USA would be doomed.
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