With:  Jason Lui, Markets 360 APAC Coordinator and Head of APAC EQDStrategy   Jacqueline Rong, Economist, Europe   Christopher B Li, Credit Trading Desk Analyst   BNP Paribas | Global Markets (Recorded 11 April 2023)  China’s economy and banking system are largely insulated from recent banking stress in DM countries, in our view.   Chinese policymakers’ campaigns against financial risks in the past five years and the PBoC’s cautious monetary policy stance have improved the health of the country’s banking sector.   The spillover of global credit stress to China’s banking system currently looks limited, thanks to abundant local liquidity and the market-friendly regulatory actions, though the property sector remains the weak link in accessing refinancing.   For more information, please refer to https://markets360.bnpparibas.com   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf