"thedirectimpactromheightenedvolatilityinchina'sequitymarketoninancialsectoroutputgrowthwillbelimited,whiletheindirecteectsomarketuncertaintyonnsumerspending,employmentandrporatei女estmentswillbesimilarlymuted,"saysmichaeltaylor,amoody'smanagingdirectorandchiecreditoicerorasiapaciic.

shouldsecuritiespaniesrunintotrouble,thepotentialorntinntliabilitiestocrystallizeontheuntry'ssovereignbalancesheetwouldbemanaable,theancysaid.

mercialbanks'directexposuretothedomesticequitymarketislow,andthestockmarketroutwillnothaveasigniicantimpactoncreditquality,theancysaid.

however,itexpectedthegovernment'senuramentorbankstolendtolistedpaniesinordertopurchasetheirownshareswillriskincreasingthesector'sexposuretomarketvolatilityandtoborrowerswithrisinginancialleveraovertime.

withamorevolatilestockmarket,chinesepanieswillreducetheiraccesstoequitycapital,butthisacuntsoronlyaractionorporateunding,thereportsaid.

nevertheless,inthelonrterm,theimpactonchineseirmsuldbemorenegativeistockmarketweaknessesaretopersistsoastodisurapaniesromraisingtheirequityunding,itsaid.

"thedirectimpactromheightenedvolatilityinchina'sequitymarketoninancialsectoroutputgrowthwillbelimited,whiletheindirecteectsomarketuncertaintyonnsumerspending,employmentandrporatei女estmentswillbesimilarlymuted,"saysmichaeltaylor,amoody'smanagingdirectorandchiecreditoicerorasiapaciic.

shouldsecuritiespaniesrunintotrouble,thepotentialorntinntliabilitiestocrystallizeontheuntry'ssovereignbalancesheetwouldbemanaable,theancysaid.

mercialbanks'directexposuretothedomesticequitymarketislow,andthestockmarketroutwillnothaveasigniicantimpactoncreditquality,theancysaid.

木子序用力的点了点头，瞬间感觉自己肩上的担子重了许多……