SHANGHAI Two of China’s ‘Big Five’ lenders, Bank of Communications (BoCom) and Agricultural Bank of China (AgBank), reported modest annual profit growth on Tuesday, as they battled operating pressures and the narrowest net interest margins…
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China’s growing corporate-bank nexus is toxic mix
HONG KONG (Reuters Breakingviews) – The ever-closer relationship between Chinese companies and banks can be a toxic mix. A growing number of companies in the People’s Republic are buying into local lenders that need to…
China’s PBOC ‘persuades’ Shanghai banks to slow monthly mortgage growth
Banks in Shanghai are slowing mortgage loan growth amid the tighter stance by the People’s Bank of China to keep deleveraging the housing market, industry sources said. Lenders in the most populous mainland cities are…
China's New Cash Crunch Reminiscent Of Liquidity Stop In 2013
China’s money markets have experienced tightened liquidity on higher money market rates, reminiscent of the central bank-engineered liquidity crunch of 2013, and likely designed to rein in excessive short-term borrowing in the financial sector. (…
BoCom results improve despite bank being ‘under great pressure’
Bank of Communications, China’s fifth largest commercial bank, posted full year net profits for 2016 which were 1 per cent higher than the same period last year, beating analysts’ expectations. The bank posted net profits…
Putting All Our Eggs in China's Basket Came at a Cost, UBS Says
UBS Group AG, which built an Asian investment-banking powerhouse around the strength of its China business, is finding that excessive reliance on one single market can be a bad thing. Sam Kendall, who was promoted…
China Bank arranges P4-B loan for CebuPac
MANILA, Philippines – China Banking Corp. is now one of the biggest local players in aviation financing after arranging a P4 billion loan facility for Cebu Air Inc. (Cebu Pacific) to bankroll its fleet expansion…
China's central bank skips open market operations
BEIJING, March 29 (Xinhua) — China’s central bank on Wednesday skipped the open market operations of reverse repos, siphoning liquidity from the market. This was the fourth consecutive business day that the People’s Bank of…
China, Japan island fight reignites with population push
“Prime Minister Abe is very conservative and a nationalist,” Zhiqun Zhu, a political science professor and director of the China Institute at Bucknell University, told Fox News. “So this move is not very surprising, but…
China to Canada: Don’t follow Australia’s lead on extradition treaty
Stick with us so we can battle crime together, China is urging the Canadian government. On Tuesday morning, Australian Prime Minister Malcolm Turnbull shelved ratification of an extradition treaty with China, after opposition parties and…
China promises better financial support for manufacturing upgrade
BEIJING, March 28 (Xinhua) — Chinese authorities on Tuesday promised “multi-pronged financial support” for the manufacturing sector as the government looks to shift the country away from low-end manufacturing to more value-added production. In a…
Is China Deleveraging? Part II
Financial sector debt also appears to be proppring up financial and non-financial firms. It has become a note of the excessively optimistic China bull to argue China is deleveraging. In part I of this brief…
China to build world’s largest research platform for nano-technology
China is building world’s largest multifunctional research platform for nano-technology which would help develop more powerful computers and intelligent robots, official media reported today. The Vacuum Interconnected Nano-X Research Facility in Suzhou … ( read…
