IMF warns Chinese banks are undercapitalised
IMF report highlights insufficient capital of Chinese banks
The International Monetary Fund has uncovered “widespread undercapitalisation” in China’s banks, urging the world’s second-largest economy to carry out a “gradual and targeted increase in bank capital”.
In its first financial system stability report on China since 2011, the IMF points out that the country’s financial system has grown “dramatically” in both “size and complexity”.
In terms of size, financial assets’ share of GDP rose from 263.9% in 2011 to 466.2% in 2016, driven mainly by joint
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