Results for Tag "balance"

China's $38 Trillion Off-Balance Sheet Binge Poses Little Risk: UBS

Photographer: Qilai Shen/Bloomberg

The Chinese finance sector’s 253 trillion yuan ($38 trillion) of off-balance sheet items pose little risk because more than two-thirds of them are relatively harmless components such as custodial funds and untapped credit-card limits, said UBS Group AG.But with the exception of wealth-management products, Chinese banks mostly bear “little or no risk” from the off-balance sheet buildup, he wrote.