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"Finance is vigorous only in business scenarios. Banks must create their own business scenarios to compete with internet companies that have an advantage over banks in this respect," said Zhang, the former bank executive.
"For those of you who haven't been to China recently, you should come to China. Come and see what's going on. It's quite extraordinary what's happening innovation and technology in retail across all categories," Evans said.
"Growth of shadow banking assets will remain constrained in 2018 due to tight regulations. These include banks' off-balance sheet wealth management products and asset management products originated by non-bank financial institutions, which were the fastest-growing shadow banking products in 2015. Trust loans and entrusted loans, the remaining growth driver in 2017, are also under regulators' spotlight," said global credit ratings agency Moody's in its Quarterly China Shadow Banking Monitor report issued in May.
"For example, the published piece presents as facts assertions about the role of 'cadres of left-wing radicals like antifa'; in fact, those allegations have not been substantiated and have been widely questioned," said the note.
"Given the urgency to decarbonize the economy, I am convinced that China will have as much onshore and offshore wind installations as possible. But it is much more important to look at what the grid networks will do to accommodate the continued surge in variable renewable energy. That is the nation's chief challenge going forward," he said.
来源：资阳报