China’s top banking regulator has warned of the risk of bubbles in international markets and within the country’s own real estate sector, in the latest sign of mounting concerns over elevated global asset prices.
Financial markets in Europe and the US are out of sync with their economies and fuelled by monetary and fiscal policy, Guo Shuqing, chairman of the country’s banking and insurance regulatory commission, said on Tuesday in comments that pointed to a potential spillover into China’s financial system.
“I’m worried the bubble problem in foreign financial markets will one day pop,” he said. “China’s market is now highly linked to foreign markets and foreign capital continues to flow in.”
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