China’s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has made a series of blunt warnings in recent weeks about debt levels in the…
Tagged By finance
‘Sudden, contagious and hazardous’ China bank warns Beijing on BRINK of economic collapse
China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing, the central bank governor Zhou Xiaochuan has claimed. Writing in an article published on the People’s Bank of China’s website…
China’s Shadow Banking Halts as Regulation Bites, Moody’s Says
China’s shadow banking sector, estimated by some analysts to be worth 122.8 trillion yuan ($18.5 trillion), stopped growing in the first half of the year as issuance of wealth management products declined, according to Moody’s…
China shadow banking activity as percentage of GDP falls in H1: Moody’s
HONG KONG (Reuters) – China’s broad shadow banking activity stopped growing in the first half of 2017 and declined relative to gross domestic product for the first time in five years, Moody’s Investors Service said…
China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies
China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou…
China’s Central Bank Chief Warns of ‘Sudden, Contagious and Hazardous’ Financial Risks
China’s financial system is getting significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who also flagged the need for deeper reforms in the world’s second-biggest economy. Latent risks are…
China’s Central Bank Chief Renews Warnings About Financial Risk
China’s financial system is getting significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who also flagged the need for deeper reforms in the world’s second-biggest economy. Latent risks are…
China’s central bank is developing its own digital currency, even as it bans bitcoin and private cryptos
China’s central bank is conducting research to issue the country’s own sovereign digital currency, a move in parallel with similar efforts ongoing in Russia, even as the government has doubled down on banning the use…
China’s Zhou Warns on Rising Financial Risk in Blunt Article
China’s financial system is getting significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who also flagged the need for deeper reforms in the world’s second-biggest economy. Latent risks are…
China’s central bank chief lays out plans to avert future financial crisis
China’s central bank chief has set out his strategy to prevent a future financial crisis by calling for broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported…
China border traders losing money amid N. Korea sanctions
China continues to be a key source of food and fuel aid to … The sanctions have also blacklisted a number of firms in the extraction and financial industries, imposed travel bans and frozen the…
China blasts US for ban on bank over N Korea ties
Beijing has blasted Washington for excluding China’s Bank of Dandong from the US banking system over allegations of collusion between the bank and the North Korean government. In June, Washington alerted firms that it was…
China: We’re the world’s ‘new role model,’ and Trump needs to prove he can be ‘constructive’
China is calling for constructive dialogue and negotiations ahead of the President Donald Trump’s visit to Beijing next week as the world’s second-largest economy balances practical diplomacy with its own growing assertiveness. Chinese Foreign Ministry…
