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第313章 葬礼(2/2)

mercialbanks'directexposuretothedomesticequitymarketislow,andthestockmarketroutwillnothaveasignificantimpactoncreditquality,theagencysaid.

withamorevtilestockmarket,chinesepanieswillreducetheiresstoequitycapital,butthisountsforonlyafractionofcorporatefunding,thereportsaid.

shouldsecuritiespaniesrunintotrouble,thepotentialforcontingentliabilitiestocrystallizeonthecountry'ssovereignbncesheetwouldbemanageable,theagencysaid.

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nevertheless,inthelongerterm,theimpactonchinesefirmscouldbemorenegativeifstockmarketweaknessesaretopersistsoastodiscouragepaniesfromraisingtheirequityfunding,itsaid.

however,itexpectedthegovernment'sencouragementforbankstolendtolistedpaniesinordertopurchasetheirownshareswillriskincreasingthesector'sexposuretomarketvtilityandtoborrowerswithrisingfinancialleverageovertime.

"thedirectimpactfromheightenedvtilityinchina'sequitymarketonfinancialsectoroutputgrowthwillbelimited,whiletheindirecteffectsofmarketuncertaintyonconsumerspending,employmentandcorporateinvestmentswillbesimrlymuted,"saysmichaeltaylor,amoody'smanagingdirectorandchiefcreditofficerforasiapacific.

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unintotrouble,thepotentialforcontingentliabilitiestocrystallizeonthecountry'ssovereignbncesheetwouldbemanageable,theagencysaid.

mercialbanks'directexposuretothedomesticequitymarketislow,andthestockmarketroutwillnothaveasignificantimpactoncreditquality,theagencysaid.

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