国际货币基金组织警告：非银行金融机构增长可能加剧金融稳定风险

Core Insights - The International Monetary Fund (IMF) highlighted in its Global Financial Stability Report that rising economic uncertainty is pushing up valuations in core sovereign bond markets, maintaining high financial stability risks [1] - The increasing importance of non-bank financial institutions, such as market makers, liquidity providers, private credit, real estate, and cryptocurrency intermediaries, may further amplify these vulnerabilities [1] - Despite a seemingly calm global market in recent months, uncertainties related to trade tensions and fiscal issues persist, indicating subtle changes beneath the surface that could weaken the resilience of the financial system if not managed properly [1]