Circular of China Banking Regulatory Commission on Printing and Issuing the Guidelines on Risk Management of M&A Loans of Commercial Banks
Yin Jian Fa [2008] No. 84
Chairman LIU’s speech at the Caijing Magazine Annual Meeting
The year 2008 is an eventful year in the world financial history. The US subprime crisis has evolved into a global financial storm, which, in turn, has caused a downturn in the real economy that has reinforced the strains in the financial system. So far, the negative impact is universal and China is not immune to it. One year ago, when there was a huge debate on whether China could decouple from the world, I said it was only a myth. Now, the Caijing Magazine is offering us a valuable opportunity to look from the hindsight and lay a solid foundation for the future.
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