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1.Market Observations, 8.Was Sticky

15 Oct 2016 (AFR) – RBA issues storm warnings on apartments, China

(15 October 2016, AFR, p1, by Jacob Greber)

‘The Reserve Bank of Australia has issued inner-city apartment owners and their lenders a sharp storm warning as it flagged China’s ballooning debt as the biggest threat facing the global financial system. In its regular survey of risks ahead, the Reserve Bank put a heavy emphasis on China, Australia’s biggest trade partner, noting that its financial system is becoming “increasingly large, opaque and interconnected”. Small and medium sized Chinese banks were a particular risk.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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