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Henry Hing Lee Chan:
By Henry Hing Lee Chan - 04 Apr 2016
The present market structure of China might give Tobin tax a good chance to succeed if its objective is to stabilize short term capital flow and exchange rate volatility.
By Henry Hing Lee Chan - 28 Mar 2016
Bass’ prediction was based on the possibility of a loan loss of RMB 22.75 trillion (USD 3.5 trillion) that will force China’s banking system to shed 10% of its assets.
Last year, a series of financial crises forced the Chinese authorities to take a closer look at the regulatory setup of the financial system. The most popular replacement strategy suggested is to form a super central bank.