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SIGMA ALERT — ELEVATED RISK LEVEL

China · Issued 2026-06-10 · SIGMA 54.8 / 100

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China Risk Intelligence Briefing

2026-06-10 · SIGMA Alert

China financial risk — property sector Evergrande contagion, LGFV local government debt, shadow banking.

SIGMA Score

54.8

Accumulation

Phantom Score

43

narrative divergence

Kairos Urgency

LOW

30.6d remaining

Velocity

→ Building

risk trajectory

Closest Historical Analog

Yen Carry Unwind / JPY Flash Crash

2024-08 · SIGMA-equivalent: 55

BOJ surprise rate hike. JPY +8% vs USD in 3 days. Nikkei -12%. Global carry trade liquidation.

Current reading is 0 points below Yen Carry Unwind / JPY Flash Crash.

Historical Outcome

Markets recovered within 2 weeks. BOJ paused hikes. Carry trade partially rebuilt.

Risk Dimensions

Sovereign/Fiscal

58

Banking Stress

72

Currency Risk

48

Political Risk

65

Contagion Risk

78

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