“Policy makers are sticking to the direction of cracking down on shadow banking, and moving loans onto balance sheets,” said economist Xie Yaxuan at China Merchants Securities Co. However, “the steep … ( read original…
Tagged By finance
China July new loans stronger than expected, money supply picks up
However, some China watchers fear Beijing’s shift in focus to supporting growth may spell a return to its credit-fuelled spending binges of the past, undercutting a multi-year campaign to reduce risks … ( read original…
China is printing money for countries like Poland and Brazil at ‘full steam’ as it tries to expand its influence on the global economy
China’s money printing industry is running at “full steam” for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland, according to reports. The printing is link… ( read original story …)
China Literature Announces 2018 Interim Results
Financial Review Revenues. Total revenues increased 18.6% YoY … seeing rapid growth. We are working with China government agencies and the China Writers Association (CWA) at the national, provincial … ( read original story …)
China Banks’ Bad Loans Surge Most on Record Amid Deleveraging
Non-performing loans rose 183 billion yuan ($26.6 billion) to hit 1.96 trillion yuan by the end of June, the biggest quarterly increase in data going back more than a decade, the China Banking and Ins……
China’s central banks faces a problem getting nation’s lenders to actually lend more money
The People’s Bank of China is tackling a problem it rarely had to worry about until recently – persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity…
Emerging Market Selloff Hits China as Stocks, Yuan Resume Slide
The Shanghai Composite Index lost 1.4 percent as of 1:30 p.m. local time, led lower by consumer and financial stocks. The yuan slid 0.47 percent to 6.8763 per dollar after China’s central bank weakene… (…
China Faces Problem in Getting Its Banks to Lend More Money
The People’s Bank of China is tackling a problem it rarely had to worry about until recently — persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity…
Trump’s tariffs prove tougher obstacle than China expected
China’s central bank also guided interbank lending rates … Chinese officials must strike a balance between their determination to reduce financial risks and ensuring that economic growth does not sl… ( read original story …)
Insight: Beijing struggles to defuse anger over China’s P2P lending crisis
China’s propaganda machine has swung into action as Beijing seeks to reassure people that the Chinese economy and financial markets are healthy despite a trade war with the United States and steep dec… ( read…
China banking and insurance regulator voices support for more lending
SHANGHAI (Reuters) – China’s banking and insurance regulator said it will facilitate the transmission of monetary policy by supporting more lending by financial institutions. The China Banking and Ins… ( read original story …)
China’s central bank to maintain prudent policy, keep yuan steady
HONG KONG/BEIJING (Reuters) – China’s central bank said on Friday it would maintain its prudent and neutral monetary policy to ensure ample liquidity and keep the yuan largely stable, as global econom… ( read original…
Defrauded P2P Investors’ Protest Quashed in Beijing
On Monday, thousands of P2P investors gathered in Beijing from around the country to protest outside the offices of the China Banking Regulatory Commission, but were quickly intercepted and put on bus… ( read original…
