Statement by the People's Bank of China for the new package of measures to tighten control over the work of banks in order to eliminate the shadow banking sector, in this context, is more like a diversion measure, rather than a real promise. China's shadow market poses no particular risk for micro-economic indicators of the country mainly because it is actually not internationally integrated. Cases of fraud with credit lines, decorated as an investment, are plenty in China and whatever actions the regulator takes, it's unlikely to reduce their number - too large is the population and too high is the proportion of small and medium-sized businesses in the economy. However, to direct interests of the banks in the foreign exchange market's side these measures are quite capable.A poll conducted by Wall Street Journal among investors, has shown that the market does not believe in the cessation of the yuan decline, so invest in the currency most of the major currency players do not see the point. That's why the project to promote the yuan as the foreign currency at the present moment can be called a failure, China will have to start all over again. Most likely, at this time China will go the way of increasing - and thus large interventions in the foreign exchange market in Hong Kong can be expected in the near future.
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