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IMF Knocks on Doors in Quest for Intelligence on Chinese Banks | Tony Seruga
Nov
03

IMF Knocks on Doors in Quest for Intelligence on Chinese Banks

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  • Senior official queries property developers on contracts
  • Biggest five banks have reported subdued profit growth

As part of the International Monetary Fund’s biggest review of China’s banking system in half a decade, a top official recently did some detective work that didn’t involve an Excel spreadsheet.

On a trip to the mega-city of Chongqing in the nation’s interior, Ratna Sahay, acting director of the IMF’s Monetary and Capital Markets Department, visited a property fair. Her objective was to learn more about typical real-estate sales transactions, amid rising risks of property bubbles across the world’s No. 2 economy…

IMF Knocks on Doors in Quest for Intelligence on Chinese Banks

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