Regulators in China conducted a video conference involving central and regional authorities to tackle financial risks, concentrating on local debt resolution and modifications to real estate loan strategies. Deteriorating finances of local governments have impeded the central government's use of fiscal measures to bolster the economy, compounded by reduced land sales stemming from a real estate market decline, affecting local revenue streams. China has been cautious about implementing stimulus measures, prioritizing preventing financial risks. The recent meeting marks a shift in approach involving a new set of financial policymakers as part of China's regulatory system overhaul.
Category
🗞
NewsTranscript
00:00 It's Benzinga and here's what's on the block.
00:03 Regulators in China conducted a video conference involving central and regional authorities
00:07 to tackle financial risks, concentrating on local debt resolution and modifications to
00:12 real estate loan strategies.
00:14 Deteriorating finances of local governments have impeded the central government's use
00:18 of fiscal measures to bolster the economy, compounded by reduced land sales stemming
00:22 from a real estate market decline affecting local revenue streams.
00:27 China has been cautious about implementing stimulus measures, prioritizing the prevention
00:31 of financial risks.
00:32 The recent meeting marks a shift in approach, involving a new set of financial policy makers
00:37 as part of China's regulatory system overhaul.
00:39 For all things money, visit Benzinga.com.
00:41 [BLANK_AUDIO]
Recommended
Niaga AWANI: Offshore Creditors Threaten Liquidation of China Evergrande Group Amid Debt Crisis
AWANI
CNN Under Fire After Freed Syrian Prisoner Revealed to Be Assad Regime Torturer, Musk Reacts
Oneindia