China To Tighten Scrutiny Of Local Government Financial Vehicles As Part Of Rescue Package
Portfolio Pulse from Charles Gross
China is planning to increase scrutiny of local government financial vehicles as part of a rescue package, according to Reuters. This move could potentially impact the financial stability of local governments and their ability to raise funds.
September 11, 2023 | 9:52 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The increased scrutiny on local government financial vehicles in China could potentially impact the iShares China Large-Cap ETF (FXI), which has exposure to Chinese financial sector.
The iShares China Large-Cap ETF (FXI) has exposure to the Chinese financial sector. The increased scrutiny on local government financial vehicles could potentially lead to instability in the financial sector, which could negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70