There are empirical measures for assessing the quality of financial data. A specific set of institutional arrangements disincentivizes China’s market participants from producing, disclosing, and demanding high-quality financial information. Understanding … ( read original story…
Tagged By financials
China to include off-balance sheet wealth products in risk assessment – sources
The People’s Bank of China (PBOC) will include WMPs in macro-prudential assessments starting in the first quarter of 2017, the sources said, potentially requiring banks to put aside more capital. The PBOC also urged financial…
China May Seek Financial Revenge Against Trump's Twitter Rants
The Trump twitter feed has made it to the front pages of the Chinese newspapers, at least implicitly. Weekend tweets about China have not been taken in a terribly good spirit in the People’s Republic…
China Ceramics Announces Third Quarter 2016 Financial Results
In addition to China Ceramics’ condensed consolidation financial results under International Financial Reporting Standards (“IFRS”), the Company also provides Non-IFRS financial measures (referred to as Non-GAAP financial measure) for the third quarter of … (…
Yearender-Commentary: China economy skeptics should rethink their betting
BEIJING, Dec. 19 (Xinhua) — It is time for predictions about the coming year, and you are bound to hear more than a few scary prophecies about an imminent economic hard landing in China, triggered…
China's central bank governor battles falling yuan, cooling property market
and ordering some of the country’s biggest banks to lend to non-bank financial institutions. But the mood in China’s $US9 trillion bond market remains tense. Some analysts fear that if the bond selloff picks up…
China B2C E-Commerce Sales Forecasts 2016 to 2020 – Forecasts Suggest Continued Growth of Online Retail in China – Research and Markets
DUBLIN–(BUSINESS WIRE)– Research and Markets has announced the addition of the “China B2C E-Commerce Sales Forecasts 2016 to 2020” report to their offering. A growth rate of 20% or higher for online retail in China…
The Morning Ledger: Restraining Credit in China is a Challenging Task
Good morning. In the wake of the financial crisis, China’s leaders discovered a seemingly easy fix to cushion the world’s second largest economy from the economic fallout in the West: Cheap credit. This has led…
China central bank to count off-balance sheet wealth management products in assessing banks' risk: sources
SHANGHAI China’s central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products (WMPs) into its risk-assessment framework next year, sources with direct knowledge of the matter told Reuters. (…
China bars banks from funding coal, steel 'zombie firms'
BEIJING China’s banking regulator said on Friday that banks must strictly control credit to coal and steel firms that are violating capacity cuts, the latest in a series of regulations aimed at reducing loans to…
Chinese Interbank Lending Freezes, Forcing Massive Intervention By China's Central Bank
China is finding itself in an increasingly more untenable situation, trapped on one hand by its sliding currency (and declining reserves), which as noted earlier it has manipulated higher by forcing overnight unsecured rates to…
Liechtenstein private bank LGT mulls further Asian acquisitions
The private banking industry globally is struggling in the face of tougher … LGT A further problem for private banks in China is that there are insufficient assets in Hong Kong and Singapore, where the…
China’s central bank extends massive loans to financial firms
China’s central bank extended hundreds of billions of yuan in emergency loans to financial firms on Friday and ordered some of the country’s biggest lenders to extend credit as well, as it moved to ease…
