BEIJING China will maintain a monetary policy that is “neither too tight or too loose”, ensuring basically stable liquidity, a senior central banker told a financial conference in Beijing on Saturday. Chen Yulu, deputy governor…
FINANCE
Moody’s China downgrade will have a longer‑term policy impact
It took less than a day for China’s financial markets to recover from the credit rating downgrade by Moody’s Investors Service on 24 May, the country’s first sovereign rating downgrade from the rating agency since…
China seeks neutral monetary policy: PBOC official
and enterprises in the real economy should not stray blindly into financial businesses, Chen pointed out. China has been improving the Macro Prudential Assessment (MPA) mechanism to guard against systemic financial risks since 2009 and…
‘Ghost Collateral’ Haunts Loans Across China’s Banking System
The banker at the other end of the phone line was furious, recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $3 million from his bank, China…
China to bolster oversight of overseas transactions on Chinese bank cards
BEIJING China will strengthen regulatory oversight of overseas transactions on Chinese bank cards, as it fight money laundering, terrorist financing and tax avoidance, its foreign exchange regulator said on Friday. From Sept. 1, Chinese banks…
China has a bold plan to tackle bad bank loans and its first deadline is closer than you think
Chinese authorities continue to get more serious in addressing unproductive debt in the economy and banks’ understatement of bad debts. The recent appointment of Guo Shuqing as the new head of the China Banking Regulatory…
Inclusive Finance: China Opens Up Credit To More People — But Risks Must Be Controlled
China has been promoting inclusive finance in recent years, striving to reach less affluent individuals and small companies. This is because people in rural areas, smaller and medium sized companies, entrepreneurs, and individuals without a…
Research on Financial Inclusion and Poverty Reduction in China
[Editor’s Note: This is a post from Sherry Zhang who is the latest member of the Lend Academy and LendIt teams. Sherry is based and China and previously covered the Chinese fintech market. She is…
Chinese companies hit by credit squeeze as corporate debt costs surge
The cost of raising capital through the corporate bond market in China has exceeded that of bank lending for the first time since 2008, raising concerns that Beijing’s crackdown on financial leverage is starting to…
Beijing International Fair for Trade in Services opens
finance and telecommunications. Meanwhile, various products like the intelligent security lock, VR glasses, smart cameras, which embody the scientific and technological innovation of Beijing, make their debut at the fair. At the booth hosted by…
China central bank’s dilemma: how much financial tightening is too much?
When China embarked on a massive credit stimulus in late 2008, the job of the People’s Bank of China became relatively easy: it just had to provide as much cheap credit as banks wanted in…
Baidu’s Turn as a Bank Is Unwelcome
Everything is a bank in China these days it seems—even its biggest internet search engine. The move by Baidu BIDU -1.99% —often referred to as China’s Google—into financial services has now caught the eye of…
RPT-SPECIAL REPORT-‘Ghost collateral’ haunts loans across China’s banking system
SHANGHAI May 31 The banker at the other end of the phone line was furious, recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $3 million from…
