China: Yi Gang to take over at the PBoC – Nomura

We also expect him to push the macro-prudential policy framework to avoid systemic financial risks and explore ways to include shadow banking activities and internet financing in the PBoC's macro prudential assessment. To us, this suggests that financial deleveraging will be ongoing for years to come.
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We also expect him to push the macro-prudential policy framework to avoid systemic financial risks and explore ways to include shadow banking activities and internet financing in the PBoC's macro prudential assessment. To us, this suggests that financial deleveraging will be ongoing for years to come.