Feb 12, 2019 07:11 PM

Ling Huawei: How to Fix the Deleveraging Campaign

Photo: VCG
Photo: VCG

Recently, the new asset management rules have been criticized and some have argued that the deleveraging campaign is being carried out too fiercely. Some have even blamed these issues for emerging risks to the market and even for the country’s economic downturn.

During the tenure of the two last chairmen of the China Securities Regulatory Commission, the industry saw risks spring up from a sharp reduction in shadow margin financing and the pledged-share crisis, both of which emerged from the previous policy of further relaxation on asset management. The crackdown on shadow banking and asset management has led to such risks.

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