Capi­lano re­futes claim it sold non-Aussie honey IMF to test NZ bank­ing, in­sur­ance sec­tors

China Daily (USA) - - BUSINESS -

Aus­tralia’s Capi­lanoHoney Ltd only ex­ports 100 per­cent au­then­tic Aus­tralian honey to China and noth­ing less, its top ex­ec­u­tive as­sured. The com­pany’s Chief Ex­ec­u­tive Ben Mc­Kee said the com­pany had never sold blended honey orig­i­nat­ing from dif­fer­ent coun­tries other than Aus­tralia to China. “Claims that we buy A team from the In­ter­na­tion­alMone­tary Fund will this year as­sess the sta­bil­ity ofNewZealand’s bank­ing and in­sur­ance sec­tors and fi­nan­cial mar­kets, Fi­nanceMin­is­ter Bill English said onMon­day. The Fi­nan­cial Sec­tor Assess­ment Pro­gram— a rou­tine part of the IMF’s fi­nan­cial sur­veil­lance— found the bank­ing sys­tem was ef­fi­cient and ad­e­quately su­per­vised when it was last con­ducted

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