News Snapshot:
China banking regulator says property market is biggest 'grey rhino' (Adds quote, detail) BEIJING, Nov 30 (Reuters) - China's property market is the biggest "grey rhino" - a very obvious yet ignored threat - in terms of financial risks, given it is so deeply intertwined with the financial industry, the head of the country's banking regulator said. Guo Shuqing, who is chairman of the China Banking and Insurance Regulatory Commission (CBIRC) and party chief of the country's central bank, made the comments in a collection of articles by policymakers on China's 14th Five-Year Plan, the official Shanghai Securities News reported...
