Bank of Albania (BoA) said on Wednesday the country's banking sector and the entire financial system in general have a healthy and stable performance.
Myanmar has made a new move in its financial reform efforts, granting preliminarily on Wednesday a total of nine foreign banks permission to open branches for financial service operations in Myanmar for the first time in more than five decades.
China will set up three to five fully private banks on a trial basis this year in a bid to further open up the banking sector to domestic and foreign capital, China's banking regulator said Monday.
China's shadow banking will not shake the country's financial stability within the next 12 to 18 months, though its rapid growth poses key risks to the Chinese banking system, analysts at Moody's said on Monday.
A Hong Kong scholar told the APD that the Chinese mainland's shadow banking system is not definitely harmful, as long as it can be properly regulated.
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