BIZCHINA / Center
Central bank orders measures to prevent market risks
By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2007-06-20 10:01
The central bank's Shanghai headquarters yesterday issued a report
warning investors to prevent market risks caused by changing
expectations, National Business Daily reports.
Related readings:
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Foreign investment in real estate regulations issued
The report on Shanghai's financial stability for 2007 points out that
excessive liquidity is a concrete manifestation of China's economic
imbalance, and that the price of equities showed a marked increase in
2006.
The report also suggests the government should pay attention to the
foreign capital flowing into China's real estate market.
Shanghai is also exploring ways to integrate its financial institutions
and stepping up the development of financial holding companies, according
to the report.
The report shows that, by the end of 2006, foreign banks had opened 100
operational outlets in Shanghai, an increase of 18 from 2005. Overseas
banks also had 106 representative offices Shanghai by the end of 2006, an
increase of six from 2005.
(For more biz stories, please visit Industry Updates)
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