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…
Tagged By banking
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…
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…
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…
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…
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…
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…
China Can’t Finance ‘Belt and Road’ Alone
The One Belt One Road Initiative holds great promise for the global economy, but it needs a huge amount of financing. Initial presumptions that China would be able to provide all of the financing are…
China Rapid Finance : Announces Pricing of Initial Public Offering
SHANGHAI, April 28, 2017/PRNewswire / — China Rapid Finance Limited (‘China Rapid Finance’) (NYSE:XRF) announced today that its initial public offering of 10,000,000 American depositary shares (‘ADSs’) was priced at US$6.00per ADS, with a total…
China’s Deleveraging Puts the Yuan Closer to a Free Float
China’s financial markets are fascinating to watch these days. Efforts by officials to decrease the nation’s enormous debt pile without destabilizing domestic markets are having profound consequences, most visibly in the bond market, where the…
China’s anti-graft body probes senior CBRC official
CHINA is investigating a senior banking regulator, the anti-corruption watchdog said yesterday, as the government steps up a crackdown on the financial sector. Yang Jiacai, assistant chairman of the China Banking Regulatory Commission, is “suspected…
ElmTree Funds Partners with China Life to Recapitalize ElmTree Net Lease Portfolio
… announce a $950 million recapitalization with a wholly-owned subsidiary of China Life Insurance Group (“China Life”), the largest financial insurance corporation in China, of an existing ElmTree net lease portfolio. This strategic partnership ……
China offers a lesson on financing infrastructure
So China uses the monetary power of its state to fund infrastructure at no cost to the taxpayer. Could Canada do the same? Thanks to CIB, we could develop a variation that would help modernize…
