Chinese Contagion Risks Surge: Banks’ Reliance On Each Other For Funding Hits All Time High

Sunday, September 25, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 25, 2016

China’s smaller banks have never been more reliant on each other for funding, prompting rating companies to warn of contagion risks in any crisis. “Contagion risks are definitely rising,” according to S&P: “The pace of the development is concerning. If this isn’t stopped in time, the central bank will lose some control and flexibility of its monetary policy.”

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