Mortgage lending was up around 30 percent for the big five in 2016, the fastest growth in five years, while property lending in China accounted for 40.4 percent of new loans in the first quarter,…
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As China's battle with leverage begins to bite, risk bites back
Bankers said the slowdown came as the People’s Bank of China (PBOC) tightened liquidity conditions, which pushed up the cost of borrowing, and included off-balance-sheet WMPs in its macro-prudential assessment of banks’ risk levels for…
China's central bank to focus on impact on stability of non-bank financial institutions: working paper
BEIJING China will pay closer attention to the influence of non-bank financial institutions on financial stability, and the impact of local policy interventions on broader global markets, according to a central bank working paper published…
China’s crackdown on shadow banking could seriously upset global markets
Amid all the talk of remarkably subdued levels of volatility, signs of potentially severe stress are emerging from one of the most – if not the most – vulnerable areas in global financial markets: China’s…
China Toughens Shadow Banking Controls
China’s government is struggling to control its financial sector as an economic growth spurt raises concern about off-book bank loans. Last month, official media initially cheered after the government announced better-than-expected economic figures showing ……
China Finance Minister Leaves Japan For 'Emergency Meeting'
At least one thing is clear. Xiao’s unexpected departure had nothing to do with ongoing tensions between Beijing and Tokyo. The trilateral discussion went forward on Friday with China represented by a deputy finance minister…
Global Markets Feeling Effects of China’s Financial Crackdown
China’s new impetus to rein in its financial sector has been underway for more than three months. The effects are already being felt in the financial markets, impacting short-term borrowing rates and the global commodities…
Why Hollywood’s box office is banking on Beijing
Movie revenues in China are forecast to surpass the U.S. this year as Hollywood looks to the east to boost box office. The smashed-up cars in the Fate of the Furious were a hit at…
Deposits seen as key factor as Chinese banks’ results diverge
It is the difference between interest a bank gains on its assets – loans and investments – and the interest it pays out on its liabilities – its deposits – as a proportion of its…
China can deflate the world’s largest credit bubble in an orderly fashion
Moreover, we view the recent appointment of Guo Shuqing as head of the China Banking Regulatory Commission (CBRC) as a clear sign that authorities are intent on accelerating NPL resolutions and unwinding excess leverage in…
China's banking regulator eases bad loan rules to help lenders: sources
SHANGHAI China’s banking regulator on Wednesday relaxed the rules for the transfer of non-performing loans, allowing lenders to sell soured debt in bundles of three from the previous 10, three sources with direct knowledge told…
China forex chief says no intention of competitive currency devaluation
BEIJING China has no intention and no need to carry out competitive currency devaluations, the head of the country’s foreign exchange regulator said. In a weekend piece in the Chinese magazine Modern Bankers, Pan Gongsheng…
Kushner family in Beijing: 'Invest $500,000 and immigrate' to US
BEIJING (CNNMoney) – The Kushner family hopes to lure investments from wealthy business owners in China with the promise of American visas. Nicole Kushner Meyer, the sister of White House adviser and President Trump’s son-in-law…
