Analysts are taking note of the struggles in China’s banking industry, which is being battered by an official deleveraging drive. At least five smaller lenders have been downgraded by credit-rating co… ( read original story…
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Recent Posts
Analysts Are Downgrading China’s Small Banks at Record Pace
As its film business grows up, China faces an ‘Ishtar’ moment with its most expensive movie
It was supposed to be China’s “Lord of the Rings.” Instead, it turned into another “Ishtar,” the infamous box office bomb of 1987. Produced for more than $100 million, the fantasy epic “Asura” was bil……
China thinks long-term on financial stability — so should we
Where are we in the global economic cycle? I wish I had the answer. The unwinding of the Fed’s stimulus programs, combined with the risk of a global trade war and rising populism in a…
Bank of Korea Sees Possible Impact From China Deleveraging Plan
The economy of South Korea, which is very reliant on China, may see more adverse impact than previously expected from China’s plan for deleveraging, the Bank of Korea said in a report on Sunday. South…
China Tower Is Said to Draw Hillhouse, Alibaba to Hong Kong IPO
China Tower Corp., the state-owned wireless infrastructure operator, has attracted Hillhouse Capital and a unit of Alibaba Group Holding Ltd. as investors in its planned Hong Kong initial public offer… ( read original story …)
Top Chinese financier warns Brexit puts London at risk of losing its status as hub for international banks expanding into Europe
Sun Yu, Bank of China’s UK chief executive and chairman of the China Chamber of Commerce in Britain, demanded clarity over Brexit, saying businesses like his are racking up costs due to the uncertaint… (…
China’s property market is starting to bubble and policymakers are unlikely to stop it
New home prices in China rose by 1% in June, the fastest increase since October 2016. This was despite increasing restrictions on buying and selling that have been rolled out by policymakers in recent ……
China waging a ‘cold war’ against U.S. in bid to become world’s leading power: CIA
China is waging a “quiet kind of cold war” against the United States, using all its resources to try to replace America as the leading power in the world, a top CIA expert on Asia…
In Senegal, China’s President Xi pledges stronger Africa ties
“Senegal takes a positive view of China’s role in Africa,” Sall said at the news conference. “For its contribution to peace and stability and equally … for the financing of budgets.” But critics say ……
Wild About Tech, China Even Loves Robot Waiters That Can’t Serve
China has become a global technological force in just a few years. It is shaping the future of the internet. Its technology ambitions helped prompt the Trump administration to start a trade war. Hundr… (…
Chinese banking regulator maintains tough line on market violations
BEIJING, July 21 (Xinhua) — Chinese banking regulators continued to take a tough line on market violations in the first half of the year to maintain stable market order and prevent financial risks. T… (…
China issues rules on wealth management of banks
The rules contain specific items designed to standardize the sector, including strengthened supervision, prevention of shadow-banking risks, better leverage control and protection of investor interest… ( read original story …)
China’s Yuan Extends Loss as PBOC Weakens Fix, Easing Bets Mount
(Bloomberg) — China’s yuan fell to a one-year low, as the central bank showed little sign of intervening to slow the currency’s descent and bets for monetary policy easing mounted. The yuan dropped 0 ……
