Oct 15, 2021

Zou Lan on Evergrande spillover: "controllable"

The risk exposure of individual financial institutions to Evergrande is not big and the spillover effect for the financial sector is controllable...  This short-term extreme reaction is a normal market phenomenon.

~ Zou Lan, head of financial markets at the People's Bank of China (PBOC), "China central bank official says spillover effect of Evergrande's debt woes is controllable," Reuters, October 15, 2021



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