Last quote by Jack Yuan
One Belt One Road's emphasis on large-scale capital-intensive infrastructure investments abroad is aimed at channeling surplus domestic savings away from less productive domestic uses and at relieving overcapacity pressures. Since the bulk of China's savings are concentrated in the banking system, it is only natural that banks should provide most of funding for OBOR.feedback
Jack Yuan has been quoted 3 times. The one recent article where Jack Yuan has been quoted is China banking regulator wrestles with $2.9 trillion off-balance sheet WMPs. Most recently, Jack Yuan was quoted as having said, “The incentives for banks to issue more off-balance sheet WMPs still exists. There's nothing in these rules that disincentivizes banks from continuing on with more off-balance sheet activity.”.
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Quotes by Jack Yuan
Nov 24 2016
The incentives for banks to issue more off-balance sheet WMPs still exists. There's nothing in these rules that disincentivizes banks from continuing on with more off-balance sheet activity.feedback
Jul 25 2016
The whole nature of WMPs and AMPs is that it's a murky area. There is a degree of regulatory arbitrage there and it's clearly a way for (the banks) to get around the prudential rules.feedback
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