Chinese financial regulators have moved towards tighter oversight since March. The People’s Bank of China (PBOC) has been squeezing interbank liquidity and has pushed for economic deleveraging. The China Banking Regulatory Commission (CBRC) has issued ... ( read original story ...)
China central bank denies reports it told banks to deposit dollars
BEIJING China's central bank has not adopted any measures requiring commercial banks to deposit dollars with it, the People's Bank of China (PBOC) said on Friday. Reports that the central bank had ordered such deposits in order to meet liquidity needs were ... ( read original story ...)
China Seeks A Balance Between Financial Reform And Stability, But Is It Possible?
In a swift move last week, China’s central bank injected 170 billion RMB ($24.7 billion) into the financial system through money market operations in order to stabilize financial markets. The new head of the China Banking Regulatory Commission (CBRC ... ( read original story ...)
Regulator urges China banks to save ailing companies
But it is rare for a government official to acknowledge the practice. The admission could also inflame criticisms of China by trading partners who argue that state-directed bank loans and other subsidies have enabled cheap Chinese steel to flood global ... ( read original story ...)
China’s reforms not enough to arrest mounting debt: Moody’s
The comments came two days after Moody's downgraded China's sovereign ratings by one notch to A1, saying it expects the financial strength of the world's second-largest economy to erode in coming years as growth slows and debt continues to mount. ( read original story ...)
BRIEF-China Rapid Finance Q1 revenue $10.5 million
May 25 China Rapid Finance Ltd: * China Rapid Finance reports unaudited first quarter 2017 financial results * Q1 revenue $10.5 million versus $13.1 million * Q1 loss per share $1.01 * China Rapid Finance Ltd - total gross billings on transaction and ... ( read original story ...)
Why China’s Growing Debt Load Worries the World
Source: Fitch Ratings, from People’s Bank of China, Bank for International Settlements, Hong Kong Monetary Authority and commercial banks data When it comes to pumping money into a financial system, China has made the Federal Reserve in the United States ... ( read original story ...)
China’s Ratings Downgrade, Explained
Source: Fitch Ratings, from People’s Bank of China, Bank for International Settlements, Hong Kong Monetary Authority and commercial banks data When it comes to pumping money into a financial system, China has made the Federal Reserve in the United States ... ( read original story ...)
Moody’s downgrades China, warns of eroding financial strength as debt rises
SHANGHAI Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday, citing expectations that the financial strength of the world's second biggest economy would erode in the coming years. The ratings ... ( read original story ...)
Moody’s downgrades China, expecting financial strength to erode as debt rises
The ratings agency also changed its outlook for China to stable from negative. The downgrade one notch to an A1 rating from AA3 comes at a time when the Chinese government is grappling with the challenges of slowing economic growth and soaring debt. ( read original story ...)