Increasing debt distress in emerging markets means that China, now the world’s largest official creditor, will need to start restructuring debts in the same way that Paris Club lenders did in past … ( read…
FINANCE
China new bank loans hit record in 2020 despite fall in December
New bank lending in China fell in December from the previous month, but lending for all of 2020 hit a record, as the central bank kept its policy stance accommodative during the pandemic. Chinese ……
The Finance 202: Wall Street titans who fund GOP won’t say if they plan to cut off contributions
Wall Street titans who donated tens of millions of dollars to groups boosting the GOP have offered no indication they are reevaluating their approach. Just three of them — Citadel CEO Ken Griffin, … (…
How will China’s GDP be hit by Beijing’s new caps on real estate lending?
Government moves to rein in runaway growth in China’s real estate sector have raised questions about how a slowdown in the industry could affect the wider economy. ( read original story …)
Beijing’s tax, fee cuts exceed 470B yuan during 13th Five-Year Plan period
Beijing’s tax and fee cuts exceeded 470 billion yuan (about $72.59 billion) during the 13th Five-Year Plan period amid the capital’s efforts to support its speedy development, according to data from … ( read original…
Investors Piling into China’s Stocks Must Remember Portfolio Diversification
As China’s stock market reached its highest level since the 2008 global financial crash and the country’s economic recovery accelerates, investors will continue … ( read original story …)
REFILE-UBS aims to double China investment banking staff for growth
UBS Group AG aims to double staff at its China investment banking business in 3-5 years, seeking to capture growth opportunities unleashed by Beijing’s capital market reforms, a senior executive said … ( read original…
Elastic Bands And Slingshots Define Banking Trends For 2021
Accenture’s view on how much the future of the banking industry will radically change because of the pandemic versus how much we will revert to pre-COVID ways. This is a snapshot of the top 10…
China’s Bid for Financial Supremacy and Us
Beijing’s efforts to lure investors aren’t a threat to the U.S. as much as they’re a positive incentive for the U.S. to similarly pursue better policies. What will make China rich will also lift the…
Beijing pushes tech giants to share consumer credit data
China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data With less than two weeks of the new year elapsed, it seems clear that Big Tech and its…
EXCLUSIVE-China to push its tech giants to share consumer credit data-sources
China plans to push tech giants including Ant Group, Tencent 0700.HK and JD.com 9618.HK to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, … (…
China Plans to Let Banks Sell Soured Personal Loans to Ease Risks
China plans to allow some commercial banks to start selling soured personal loans to distressed asset managers as soon as this month, according to people familiar with the matter. ( read original story …)
China Stocks Slump Most in Three Weeks on Valuation Concerns
Chinese stocks fell the most in three weeks, led by consumer shares and commodity producers, amid concern valuations for the most popular stocks were stretched and as metal prices slumped. ( read original story …)
