The PBoC letter published Monday suggests the central bank is “in no rush to help overstretched lenders continue in their bad habits,” writes John Foley at Reuters BreakingViews. “This tough new approach could mean a little more chaos will be injected into China’s financial system.”
The FTSE China A50 Fund, a large ETF listed in Hong Kong, has seen record redemptions this month, a development that may discourage asset managers from launching new products, according to South China Morning Post.
iShares FTSE China Large-Cap
