Moody's says that banks in China will face a higher degree of uncertainty, risks and more loan delinquencies
More uncertainty, and therefore risk, amid increased volatility in
- interest rates,
- exchange rates,
- stock prices
- and fund flows
"We also anticipate further increases in loan delinquencies, more defaults on corporate debt and some losses in wealth-management products, as more borrowers struggle to meet payments against the backdrop of high financial leverage and a downturn in their respective sectors"
A Moody's report on China just released
