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#1 17-04-2018 09:26:33

dmt1997325
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Date d'inscription: 01-12-2017
Messages: 484

triggered alarm bells

CHENGDU Ryan Ramczyk Jersey , Sept. 27 (Xinhua) -- A pair of giant pandas have departed from Wolong National Nature Reserve in southwest China's Sichuan Province for a 10-year research cooperation project with Indonesia.


The two seven-year-old pandas will be flown from Chengdu to Jakarta by Indonesian state airline Garuda Indonesia at 4:10 a.m. Thursday.


The pandas were born at the Ya'an Bifengxia base, part of the China Conservation and Research Center for the Giant Panda in Sichuan.


Caitao, the male panda, weighs 127 kilograms, while the female panda, Huchun, weighs 120 kilograms.


A panda keeper and a veterinarian will accompany them to Indonesia.


Caitao and Huchun will live in a 4,800-square-meter panda park at Taman Safari Indonesia.


The panda park is located 1,700 meters above sea level to ensure the pandas are at a similar altitude to their hometown, said Jansen Manansang, director of Taman Safari Indonesia.


The animal park sent several Chinese-trained veterinarians and keepers to Wolong in August to become familiar with the pandas.


Talks regarding the pandas were initiated in 2010 when China and Indonesia celebrated the 60th anniversary of diplomatic ties.


A memorandum of understanding was signed by representatives of China Wildlife Conservation Association and Taman Safari Indonesia on Aug. 1 last year in Guiyang, China.


China Conservation and Research Center has established research cooperation relationships with 14 zoos in 12 countries and regions. Currently, a total of 33 giant pandas have participated in research cooperation projects and 18 panda cubs have been born overseas, 11 of which have been returned to China.


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The Chinese government’s efforts to reduce risk in the financial system appear to be slowly showing positive results.


The campaign to unwind risk began in mid-2016, mainly targeted at the interbank funding market and the shadow-banking sector.


The interbank market is the conduit of financing for banks and other financial institutions. This year, volumes have been contracting. In the first eight months of the year, interbank assets fell by 3.2 trillion yuan (US$480 billion) and liabilities slumped by 1.4 trillion yuan.


Joint-stock banks showed the steepest decline, with interbank assets diving 45 percent, according to the China Banking Regulatory Commission.


The regulator said that the declines mean more money is being channeled into the “real” economy instead of idling in the financial sector.


The deleveraging has taken its toll on the net interest margins of smaller and mid-sized lenders that have relied on borrowing from the interbank market. Their margins fell sharply in the first half, while the nation’s largest banks improved their margins. That divergence is expected to continue through the second half, Noel Chan, a banking analyst at UBS Securities, told Shanghai Daily.


“We look at the deleveraging as akin to a mild forest fire, allowing the stronger trees to grow taller out of the ashes of the weaker trees and bushes,” Nomura noted in its recent Asia special report.


Amid the structural shift from interbank assets to traditional credit assets, Nicole Zhou, a partner at McKinsey & Co, said that banks “should always strengthen their core while growing fee income.”


The shadow-banking sector, which functions largely outside the banking regulatory system, is a tougher nut to crack when it comes to reducing financial risk.


That sector operates wealth management products, “underground” financing and off-balance-sheet lending. Its size in the six years to 2016 surged from 19.4 trillion yuan to 122.8 trillion yuan, according to a recent report by Nomura.


That rampant growth triggered alarm bells in a government afraid that a collapse in any sector of the financial system could undermine the whole economy.


Attempts to bring more order to the sector have been paying off. Wealth management products, a major driver behind the boom in shadow banking, lost ground for seven straight months, registering a 27 percent decrease year-on-year.


At the end of 2016, China’s asset management industry was valued at more than 60 trillion yuan, according to the People’s Bank of China.


The value of interbank wealth management products has been reduced by 22 trillion yuan this year. City and rural commercial banks that relied heavily on interbank financing in recent years suffered slumps of 40-90 percent.


Entrusted loans, another type of the informal lending, recorded a year-on-year reduction of 151.4 billion yuan in August. However, trust loans recorded a rise of 40.7 billion yuan, while undiscounted bankers’ acceptances reported a gain of 61.8 billion yuan over the same period last year.


The government’s crackdown on riskier shadow banking has led companies to resort to traditional banks for funding. Chinese commercial lenders extended 1.15 trillion yuan in corporate loans in August, up almost 350 billion yuan from the prior year, China’s central bank said recently.


Government attempts to implement controls always come with loopholes. Financial regulators are seeking to close them.


The National Financial Stability and Development Committee was set up in July to shore up weak links in supervision and strengthen coordination among the various regulators.


Flash games come below hundreds of.

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