PBOC is said to plan to buy 600 billion yuan due in August The People’s Bank of China and the Ministry of Finance plan to roll over $89 billion worth of government bonds coming due…
Tagged By banking
The China Bond Carry Trade Returns
The offshore yuan’s 12-month forwards’ implied yield — a measure of the cost to protect against currency swings — has fallen below the yield on bonds issued by China Development Bank. This means that a…
China: Real Story On Lending Says Slowdown Still On The Way
A further dive into China’s lending data shows that there has been a sharp decline in financing available via China’s shadow banking sector, according to fellow blogger Paul Hodges, in his latest PH report. It…
Bankers Ditch Fat Salaries to Chase Digital Currency Riches
From Hong Kong and Beijing to London, accomplished financiers are abandoning … Cut out of the action, a growing cohort of banking professionals are instead applying their talents toward buying or hawking cryptocurrency. They’re going…
Lagarde: International Monetary Fund Might Move Headquarters To Beijing, China
Beijing has signaled its eagerness to play a greater role in the global economy with the rise of Chinese-backed regional institutions, such as the Asian Infrastructure Investment Bank, a rival to the World Bank. And…
Cambodia deports telephone fraud suspects to China
The targets would then be put in touch with a fake police officer — also at the gang’s headquarters — and be told they could escape arrest by transferring the allegedly stolen money to a…
Graphic: Key issues before next week’s Bank of England meeting
LONDON (Reuters) – Bank of England policymakers face conflicting signals about … A decade-long battle by luxury brands to defend their image neared an end on Wednesday when an… BEIJING (Reuters) – China’s largest provider…
China Did Stimulus the Wrong Way
In China, there are four really big banks owned by the central government — Agricultural Bank of China, Bank of China, China Construction Bank and Industrial and Commercial Bank of China. When the aftershocks of…
China says to steadily expand opening of capital markets
BEIJING/SHANGHAI (Reuters) – China’s securities regulator pledged on Wednesday to expand access to capital markets for all types of investors, while encouraging more long-term institutional participation in the financial domain. In a brief report on…
China Seeks to Export Its Green Finance Model to the World
BUENOS AIRES, Jul 26 2017 (IPS) – Hand in hand with the UN Environment Programme (UNEP) and the Inter-American Development Bank (IDB), the People’s Bank of China (PBoC) disembarked in the Argentine capital to prompt…
Why Ponzi schemes are thriving in China despite crackdowns
The financial naivety of the public and a collective desire for unfeasibly high returns have helped fuel the proliferation of fraudulent investment schemes in China, according to an academic. “China’s financial markets were opened in…
Central bank stresses neutral monetary policy, financial regulation
BEIJING — China’s central bank said Tuesday it would continue to implement a prudent and neutral monetary policy and step up financial regulation to prevent systemic risks. The People’s Bank of China (PBOC) will maintain…
Traders shift attention to Chinese brokerages as crackdown continues on financial industry
Dai holds shares in Guotai Junan Securities, China’s third-biggest listed brokerage by market … as the regulatory crackdown on financial leveraging deflates bubbles in small-cap shares, which are still more than three times as expensive…
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