IMF Says Chinese Banks May Have Insufficient Capital

A recent review done by the International Monetary Fund found Chinese Banks face capital shortfalls, in particular medium and small banks; the IMF stated that China should consider boosting risk-weighted assets by 0.5 to 1 percent in the next 12 months; Jin Zhongxia, China’s representative on the IMF’s executive board said the assessment was for the most part correct but that they have already begun implementing remedies; the IMF said the problem is manageable but laid out a set of potential reforms to improve the shortfalls going forward. Source

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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