Moody’s: Measures from China's financial work conference are credit positive

The US ratings agency, Moody’s, out with a latest note on China, in the wake of the recent National Financial Work Conference held last week.

Key Highlights:

Highest level endorsement by Xi and top policy makers of measures are credit positive for sovereign

Scrutiny from highest levels of Govt on financial stability, SOE leverage, pace of debt growth in economy, among SOEs is likely to slow

Forecast debt will continue to rise, income for governments, household and non-financial corps