The sharp increase in wealth management products to $3.6trn raises credit and liquidity risks at Chinese banks, the ratings firm said.
Tag: Fitch Ratings
Japan’s spending culture could impact debt servicing
The lack of savings can be attributed to both demographics and a surge in consumption that preceded the value added tax rate hike in April 2014, said Govinda Finn, head of global strategy. Japan’s population is burning through savings as they enter retirement age, and the average savings rate for age 65 and older is […]
Hong Kong protest fears not playing out
Ongoing pro-democracy protests have not degraded the territory’s economy or financial industry, contradicting the grim predictions of the big four accounting firms.
