If KPMG is set to launch a compilation of top 50 financial technology or fintech companies in China, it indicates the new business segment has truly arrived and is poised for rapid growth, said Zhou…
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China’s Debt Crackdown Is Driving Borrowers Into Riskier Territory
BEIJING—China’s crackdown on debt is driving some companies to a murkier form of financing as it gets harder to secure bank loans or tap the bond market. New loans from so-called trusts, firms that raise…
China’s HNA to tap M&A brake after $50 billion deal splurge
HNA’s top backers include China Development Bank, whose Hainan office in 2012 provided the group with a 100 billion-yuan line of credit, along with other Chinese state-owned lenders. After two significant HNA acquisitions closed in…
Can China Solve its Soaring Leverage Problem?
High leverage ratios have in the past caused concern that financial asset bubbles in China might soon burst. According to the Bank for International Settlements, although the overall non-financial leverage ratio remains reasonable, the proportion…
China has room to deal with debt problems
Moody’s recent downgrading of China’s sovereign debt rating triggered waves of reaction in both financial markets and the policy circles. But like many other rating adjustments it looks more like a lagging, than a leading,…
Chinese Companies Move Deeper Into Shadow Banking
BEIJING—China’s crackdown on debt is driving some companies to a murkier form of financing as it gets harder to secure bank loans or tap the bond market. New loans from so-called trusts, firms that raise…
China plans for financial stability
Qiu Yong, the president of Tsinghua University, addresses the opening ceremony in Beijing on June 3. [Photo/China.org.cn] Tsinghua PBCSF Global Finance Forum 2017, opening in Beijing on June 3 under the theme of “Economic Globalization…
China to maintain stable liquidity as reform moves forward
BEIJING China will maintain a monetary policy that is “neither too tight or too loose”, ensuring basically stable liquidity, a senior central banker told a financial conference in Beijing on Saturday. Chen Yulu, deputy governor…
Moody’s China downgrade will have a longer‑term policy impact
It took less than a day for China’s financial markets to recover from the credit rating downgrade by Moody’s Investors Service on 24 May, the country’s first sovereign rating downgrade from the rating agency since…
China seeks neutral monetary policy: PBOC official
and enterprises in the real economy should not stray blindly into financial businesses, Chen pointed out. China has been improving the Macro Prudential Assessment (MPA) mechanism to guard against systemic financial risks since 2009 and…
‘Ghost Collateral’ Haunts Loans Across China’s Banking System
The banker at the other end of the phone line was furious, recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $3 million from his bank, China…
China to bolster oversight of overseas transactions on Chinese bank cards
BEIJING China will strengthen regulatory oversight of overseas transactions on Chinese bank cards, as it fight money laundering, terrorist financing and tax avoidance, its foreign exchange regulator said on Friday. From Sept. 1, Chinese banks…
China has a bold plan to tackle bad bank loans and its first deadline is closer than you think
Chinese authorities continue to get more serious in addressing unproductive debt in the economy and banks’ understatement of bad debts. The recent appointment of Guo Shuqing as the new head of the China Banking Regulatory…
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