China’s central bank will relax its informal guidance on the upper limit of commercial banks’ deposit rates, facilitating the market liberalisation of interest rates, three sources with knowledge of the matter told Reuters on Friday.…
Tagged By banking
PBOC’s Yi Pledges More Steps to Further Open China’s Economy
(Bloomberg) — People’s Bank of China Governor Yi Gang pledged additional measures to open the economy, offering more specifics that may help ease trade tensions with the U.S. Authorities aim to introduce a Shanghai-London stock…
UPDATE 2-China March new loans rebound to 1.12 trln yuan as shadow banking retreats
BEIJING, April 13 (Reuters) – Chinese banks doled out more loans in March and appeared to make solid progress in reining in off-balance sheet lending that has prompted a sweeping crackdown by regulators looking to…
Beijing considers reviving outbound investment scheme for domestic investors after three-year hiatus
Officials at a Beijing-based mutual fund house confirmed to the South China Morning Post that the discussion took place, and said the regulator had been considering relaxing outflow controls under the QDII scheme for a…
China’s Credit Expansion Trails Estimates Amid Debt Cleanup
Aggregate financing stood at 1.33 trillion yuan ($212 billion) in March, compared with an estimated 1.8 trillion yuan in a Bloomberg survey and 1.17 trillion yuan the prior month New yuan loans stood at 1.12…
China’s central bank to relax commercial banks’ deposit rate ceiling: sources
HONG KONG/SHANGHAI (Reuters) – China’s central bank will relax its informal guidance for the upper limit of commercial banks’ deposit rates, facilitating the market liberalization of interest rates, three sources with knowledge of the matter…
UPDATE 1-China March new loans rebound to 1.12 trln yuan but miss forecasts
the threat has not reached a point where China is likely to change its monetary policy, the Bank of Communications said in a recent report. Long-term household loans, mostly mortgages, rose to 377 billion yuan…
China’s Trade Surplus Vanishes, as the Markets Monitor Noise from the Oval Office
Economic data through the Asian session this morning included New Zealand’s March Business PMI, the release of the RBA’s Financial Stability Review and China’s March trade figures. For the Kiwi Dollar, March’s business PMI slipped…
China Rapid Finance: Is It Close To Making A Profit?
China Rapid Finance (XRF) has experienced a business shift from lifestyle loans (larger in size) to consumption loans (smaller size), which will lead to bigger impact from regulatory hammer; Q4 earnings results didn’t satisfy investors…
China Banks Aiding North Korea Are Said Too Big to Punish
After conducting an economic impact analysis, officials worried about potential systemic damage and retaliatory measures from China, they explained. The Chinese lenders that were spared, at least for now, are Agricultural Bank of China and…
Direct Financial Impact From Tariffs on China Likely Limited
Matt Jamieson, Senior Director/Head:APAC Research, Fitch Ratings Australia discussed credit risk for corporates as a result of trade tensions in the APAC region. He spoke with Doug Krizner and Juliette Saly, and goes on to…
China denies Xi comments aimed at settling US dispute
BEIJING — China’s government on Thursday denied President Xi Jinping’s promise of market-opening measures this week was aimed at settling a tariff dispute with Washington and said negotiations are impossible under “unilateral coercion” by the…
China presents huge rewards — and serious risks — for US banks
China has promised to lift restrictions on foreign lenders in its massive banking system, creating a huge opportunity for America’s biggest banks. The enormous size and rapid growth of China’s economy make it a tantalizing…
ADVERTISEMENT
