China’s regulatory tightening is aimed at reducing leverage in the financial sector, especially in assets funded by wealth management products. But this may lead to unintended consequences of higher risks in other shadow-banking activities amid…
FINANCE
China data delay leaves FSB in the dark on riskiest shadow banking assets
economies’ financial risk monitoring agency has criticized Beijing for being slow in providing key financial data from China, leading to the delay in a report on the risks the world faces from shadow banking. China…
Financial Reform, With Chinese Characteristics
China will prioritize streamlining and unifying the country’s financial regulatory framework, as well as cracking down on corruption in the sector, over liberalization. The mounting risk posed by local government and corporate debt will require…
Germany welcomes Chinese investment in financial firms
FRANKFURT China is welcome to invest in German financial firms, Germany’s top market watchdog said after Chinese conglomerate HNA Group (0521.HK) raised its stake in Deutsche Bank (DBKGn.DE). An acquisition spree by HNA reflects a…
Chinese Stocks Slide Again: One Trader Thinks It's All About The Financial Deleveraging
The Shanghai Composite has lost 1.2% in 2017 versus a 15% advance in the MSCI EM Index So far there’s no sign of relaxation in its drive to quell financial leverage. China’s insurance watchdog is…
China opening up its bond markets, but currency seen as major barrier
While China’s measures to clamp down on capital outflows to reduce pressure on the yuan have captured the headlines since late last year, the country has also been opening up its bond market and liberalizing…
Finance officials call for stronger ties
YOKOHAMA, Japan-The finance ministers of China and Japan exchanged views on deepening cooperation at the Sixth China-Japan Finance Dialogue here this weekend. Xiao Jie, the minister of finance, and Taro Aso, Japan’s deputy prime minister…
With China’s financial tightening in full swing, risks needs be managed
After a solid start to the year, the Chinese economy appears to be coming off the boil. April’s purchasing managers’ index data pointed to some nascent signs of an economy losing momentum after the stellar…
China’s financial regulators appear determined to tighten rules further, boost oversight
China’s financial regulators are signalling that they will continue to tighten rules and slash leverage, regardless of the short-term pain their moves bring, keeping with President Xi Jinping’s order to prioritise financial security. The Financial…
As China's banks swap corporates for retail borrowers, risks rise
Mortgage lending was up around 30 percent for the big five in 2016, the fastest growth in five years, while property lending in China accounted for 40.4 percent of new loans in the first quarter,…
As China's battle with leverage begins to bite, risk bites back
Bankers said the slowdown came as the People’s Bank of China (PBOC) tightened liquidity conditions, which pushed up the cost of borrowing, and included off-balance-sheet WMPs in its macro-prudential assessment of banks’ risk levels for…
China's central bank to focus on impact on stability of non-bank financial institutions: working paper
BEIJING China will pay closer attention to the influence of non-bank financial institutions on financial stability, and the impact of local policy interventions on broader global markets, according to a central bank working paper published…
China’s crackdown on shadow banking could seriously upset global markets
Amid all the talk of remarkably subdued levels of volatility, signs of potentially severe stress are emerging from one of the most – if not the most – vulnerable areas in global financial markets: China’s…
