At present, MPA is still using the "broad credit" index caliber of the first two quarters, the off-balance-sheet financing has not been formally included in the scope of broad credit.

目前MPA仍沿用前两个季度的“广义信贷”指标口径，表外理财并未正式纳入广义信贷范围。

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Just by sheer size, materiality, risk and importance, Off-balance sheet financing rates a number 6.

考虑到业务规模、重要性及风险，资产负债表外业务排名“八大公认不可接受会计原则”的第六位。

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It stimulates management to use financial engineering, such as off balance sheet financing or layering earnings through acquisitions and other games.

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Meanwhile on the domestic front, it listed potential threats including rising property prices, which have triggered fears that new asset bubbles could form, along with "excessive off-balance sheet financing" by banks and local governments.

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Germany was said to be more comfortable with this idea, since it didn't involve any central bank financing governments directly, and it would formally keep the credit risk off the balance sheet of the ECB.

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