‘Window guidance’ from China Banking Regulatory Commission (CBRC) in early June asked commercial banks to examine credit extended to a list of companies with large overseas investments, including Anbang and HNA. Worries over the effective credit rating prompted asset managers to pre-emptively reduce their holdings.
June: flash crash
June: flash crash
June: flash crash
‘Window guidance’ from China Banking Regulatory Commission (CBRC) in early June asked commercial banks to examine credit extended to a list of companies with large overseas investments, including Anbang and HNA. Worries over the effective credit rating prompted asset managers to pre-emptively reduce their holdings.