Summary:
Sounds like a plan, especially now with the implosion of RE speculation. The bottom line seems to be controlling systemic risk. Second is addressing sources of economic rent extraction, monopoly in particular. It appears they have thought this through and it is not a knee-jerk reaction.Yahoo FinanceChina’s Central Bank Governor Vows More Fintech CrackdownBloomberg News
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Mike Norman considers the following as important:
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Sounds like a plan, especially now with the implosion of RE speculation. The bottom line seems to be controlling systemic risk. Second is addressing sources of economic rent extraction, monopoly in particular. It appears they have thought this through and it is not a knee-jerk reaction.Sounds like a plan, especially now with the implosion of RE speculation. The bottom line seems to be controlling systemic risk. Second is addressing sources of economic rent extraction, monopoly in particular. It appears they have thought this through and it is not a knee-jerk reaction.Yahoo FinanceChina’s Central Bank Governor Vows More Fintech CrackdownBloomberg News
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Yahoo Finance
China’s Central Bank Governor Vows More Fintech Crackdown
Bloomberg News