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China’s crackdown on errant banks continued this month, but can the government overcome the inherent economic contradictions fueling “market chaos”?
China targets shadow banking, asset management and internet finance in a raft of new regulations over the past month.
Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?