Investors in the world’s second largest bond market are facing a reality check. While defaults were once considered a rare occurrence in China’s bond market — with many borrowers having relied on … ( read…
Tagged By banking
China 2021: ‘Trust The Plan’
China will grow nearly 3% this year. And over 7% next year. But there are risks outside of the Made in 2025, export companies. ( read original story …)
Beijing’s growing crackdown on dissent in Hong Kong
China has moved to crush Hong Kong’s pro-democracy movement after huge and violent protests rocked the finance hub last year … ( read original story …)
China’s central bank injects liquidity into market Wednesday
China’s central bank injected liquidity into the banking system through open market operations on Wednesday. The People’s Bank of China injected 10 billion yuan (about 1.52 billion U.S. dollars) into … ( read original story…
Joshua Wong Leads Young Hong Kong Trio Facing Jail
Leading dissident Joshua Wong is among three young Hong Kong activists who will be sentenced on Wednesday for taking part in last year’s democracy protests as a crackdown on Beijing’s critics gathers … ( read…
China’s Africa loans ‘underestimated risk, like those of US, Japan in past’
Failure to foresee debt distress in African countries was caused by ignorance of the history of lending to developing nations, professor in Beijing says. ( read original story …)
Is China ripe for a subprime crisis? Regulator sees bank property loans as ‘biggest grey rhino risk’ for financial system
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, says property loans are now the biggest risk facing China’s financial system. ( read original story …)
Beijing City In Talks To Rescue Property Firm Phoenix Tree – Sources
An investment arm of Beijing’s city government is holding talks with shareholders of Phoenix Tree Holdings Ltd, known as Danke, on raising new funds to help turn around the cashstrapped Chinese … ( read original…
Beijing, Eight Chinese Provinces Slash Revenue Expectations for 2020 Due to Covid-19
Beijing revised down its fiscal revenue growth goal from the ‘zero growth’ set in January to ‘minus 6 percent,’ according to Yicai Global researchers. The municipality had little choice seeing that … ( read original…
Is China ripe for a subprime crisis? Banking regulator sees property as ‘biggest grey rhino risk’ for financial system
Chinese banks’ excessive exposure to property is now the “biggest grey rhino risk” facing the stability of the financial system, a top financial regulator has warned. Guo Shuqing, chairman of the … ( read original…
UPDATE 1-China banking regulator says property market is biggest ‘grey rhino’
China’s property market is the biggest “grey rhino” – a very obvious yet ignored threat – in terms of financial risks, given it is so deeply intertwined with the financial industry, the head of the…
China banking regulator head likens property market to endangered grey rhino- state media
China’s property market is the biggest “grey rhino” in terms of financial risks, given how deeply intertwined it is with the financial industry, the head of the country’s banking and insurance … ( read original…
China c.bank head says country must prevent fiscal deficit monetisation – state media
BEIJING — China must prevent fiscal deficit monetisation and should build a “firewall” between fiscal and central bank funds, the governor of the People’s Bank of China was cited as saying … ( read original…
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