Moody’s put Hong Kong, Macau and swathes of China’s state-owned firms and banks on downgrade warnings. Read more at straitstimes.com.
Tagged By financials
China’s push to internationalize the yuan and reduce dependence on the US dollar is working, economist says
The yuan has seen a boost in the share of global payments using the currency this year, which could be a sign of momentum in the dedollarization trend.
China lays out contrasting vision for financial system, rejects ‘predatory’ Western outlook
In a departure from the West’s view on the role of finance, China has made the case for its own perspective on the industry, primarily as a tool for achieving policy goals and a buttress…
Xi Jinping is asserting tighter control of finance in China
The Communist Party expects banks, pension funds, insurers and other financial organizations in China to follow Marxist principles.
China Year-End Funding Stress Comes Early in Parts of Market
China’s financial firms are trying to get ahead of the traditional year-end scramble for cash, triggering some early signs of pressure in the country’s money market.
Fitch says China’s local government financing vehicles at lower risk of default in 2024
China’s municipalities will see lower default risks at their local government financing vehicles (LGFVs) next year, thanks to a gradual recovery in fiscal revenues and policy support from the central …
China credit warning is well-timed plea for action
It’s a long-running criticism that credit rating agencies are too often too slow to spot a crisis. So their detractors will be unsurprised that Moody’s is only now issuing China with a downgrade …
China state banks selling dollars for second day to support yuan-sources
China’s major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the …
China, US need virtuous financial competition
For China, the intensified international financial competition will increase the risk of disruption to its internal and external economic environment. The country is facing a strategic squeeze that …
Taiwan’s big China ETF bust shows extent of financial decoupling
Taiwan’s economic and financial decoupling from China has deepened with the near-collapse of what was once the world’s largest Chinese bond exchange-traded fund market.
China’s Rising Debt Spurs Moody’s to Lower Credit Outlook
The ratings agency cut its view of the country’s finances to negative, saying it was concerned about the potential cost of local government bailouts.
Bank of China eyes de-dollarization move in Africa, pushing the yuan in a top copper producer
The Bank of China’s office in Zambia is pushing to increase trade using the yuan in Africa’s second-largest copper producer.
Moody’s cuts China credit outlook, warns of lower growth, property crisis
China’s blue-chip stocks slumped to nearly five-year lows on Tuesday amid worries about the country’s growth, with talk of a possible cut by Moody’s denting sentiment during the …
