The Financial Supervisory Commission announced today that in 2023 At the end of December, the total exposure of domestic banks to China fell below the trillion yuan mark, and the ratio of exposure to …
Tagged By banking
China Shows Japan The Way To Tackle Rural Bank Risks
TOKYO – Economists churn out mountains of reports on what China must learn from Japan’s decades of policy failure. This week, Beijing flipped the sc …
China Merges Hundreds of Rural Banks as Financial Risks Mount
China is embarking on its biggest consolidation in the banking industry by merging hundreds of rural lenders into regional behemoths amid growing signs of financial stress.
Here’s what to know about the collapse of China’s Evergrande property developer
Evergrande was listed as the world’s most valuable real estate company. But on Monday, a Hong Kong court ordered it to be liquidated.
Why China’s economy is doing better than people think, says a former PBOC advisor
China could hit its target growth rate if it focuses on boosting fiscal and monetary support, a former PBOC advisor wrote in Project Syndicate.
China rolls out fresh property relief measures to stem the fallout from Evergrande’s meltdown
Policymakers are trying to boost support for China’s real estate market. Evergrande this week was ordered to liquidate after years of attempted restructurings.
China’s Local Government Debt Hits Record High: Will It Lead to Default?
China’s local governments borrowed heavily to pay down debt last year and face the risk of default. Local government debt rose 10% year-on-year last year, with refinancing issuance accounting for more than 50% of the
A blizzard threatens to put a chill on the Lunar New Year holiday—and on Beijing’s hopes of boosting the economy
Data from Fliggy, an Alibaba-owned travel platform, reports a five-times increase in bookings for Shanghai and a six-times increase in bookings to Beijing, compared to the previous Lunar New Year …
China’s major state banks defend yuan as stock markets slide – sources
China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan as it came under pressure in currency trade as …
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
“China’s non-commercial financial system ensures there won’t be a ‘Lehman Moment’, since the government effectively controls all of the intermediaries in the economy and can force them to continue to …
China warns local govts not to misuse tech innovation funds
China on Wednesday published revised rules on how local governments should manage funds allocated by Beijing for scientific and technological innovation, at a time when local government finances are …
State-backed ‘national team’ of investors piles in to support China stocks
A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors.
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
“China’s non-commercial financial system ensures there won’t be a ‘Lehman moment,’ since the government effectively controls all of the intermediaries in the economy and can force them to continue to lend, supply, borrow, etc,” China…
