China’s central bank is under increasing political pressure, but that probably doesn’t spell an end to priorities like curbing the growth of bad debt.
Tagged By banking
China’s Key Economic Meeting to Focus on Supporting Growth
China’s top leaders are set to convene this week to decide the economic agenda for 2022, and analysts are expecting the focus to shift to supporting growth from deleveraging and regulatory crackdowns.
Evergrande Crisis Won’t Hurt Hong Kong Investors, China’s Bank Chief Says
The rights and the interest of [Evergrande’s] creditors and shareholders will be fully respected, in accordance with their legal seniorities,” said governor Yi Gang.
China’s central bank tightens control to restrain currency’s rise
China’s central bank is trying to restrain the rise of the yuan after the currency hit a 2 1/2-year high against the dollar. Commercial banks were ordered Thursday to increase the amount of their …
China Moves to Curb Yuan’s Gain by Lifting FX Reserve Ratio
China forced banks to hold more foreign currencies in reserve for the second time this year, its most substantial move yet to rein in the surging yuan after it strengthened to the highest in three…
China’s Evergrande Defaulted on its Debt – What Does That Mean for the US Economy?
China Evergrande, the Chinese property developer, has defaulted on its debt, according to Fitch Ratings. See: Why Everyone is Talking About Evergrande: The Chinese Giant Driving Global Selloff Fears …
China’s Evergrande Group Has Officially Defaulted on US Debt With No Bailout in Sight
After teetering on the brink of collapse for months, Chinese real estate giant Evergrande Group has officially defaulted on its dollar bonds, New York-based Fitch Ratings declared on Thursday. Fitch …
Regulators affirm Hong Kong’s role as China’s link to the world, underscoring city’s status as financial hub
Top financial regulators in Hong Kong and China on Thursday reaffirmed the city’s role as an international financial centre.
Beijing Puts People’s Bank of China on Notice; Rate Decisions by Central Banks in Canada and Brazil Diverge
The People’s Bank of China is under scrutiny by Beijing, part of President Xi Jinping’s push to curb capitalist forces in the economy.
CGTN: China vows to work with developing countries to promote international human rights
China, as the world’s largest developing country, pledged to work with all developing countries to promote the sound development of the international human rights cause, at a forum on human rights on …
China’s impact on Southeast, Central and East Europe
Most of the countries of the region have another connection with China; many have been ruled by socialist or communist regimes.
China raises banks’ FX reserve requirements for 2nd time this year
China’s central bank said on Thursday it will raise the foreign exchange reserve requirement ratio for financial institutions by 200 basis points (bps), effective from Dec. 15. The reserve ratio will …
Foreign holdings of China government bonds smash record in November on index inclusion
November marked the first full month of phased inclusion of CGBs in FTSE Russell’s World Government Bond Index …
