Shares of China Merchants Bank (3968.HK) have gained 28% this year and trade at a premium to those of China’s big four state-owned banks. But one analyst sees a lot more upside for the stock. Jefferies analyst Victor Wang, who rates CMB a buy, has a ... ( read original story ...)
China’s Shadow Banking Has A Destabilizing Potential And The Government May Tip The Scales
The shadow banking system is estimated at some $4 trillion. Government targeting the banking system and very well be the reason the banking system falters. Measures the government has taken are already pushing interest rates higher and will continue to do so. ( read original story ...)
China’s Crackdown on Financing Takes Toll
China could be setting the stage for another boom-and-bust economic cycle as a result of the government's campaign to curb financial risks. Regulators have been sending chilling messages on credit policies to the banking and financial sectors for the past ... ( read original story ...)
Monetary policy adjustments is a trial and error process: China central bank advisor
HONG KONG China's central bank will continue to implement reasonable adjustments to monetary policy while keeping it neutral with a tightening bias, People's Bank of China (PBOC) advisor Sheng Songcheng said. The central bank will not excessively adjust ... ( read original story ...)
Big banks’ profitability on the mend
Industrial and Commercial Bank of China Ltd, the world's largest lender by assets, reported net profit of 75.8 billion yuan ($11 billion) in the first quarter, up by 1.5 percent year-on-year, according to the bank's stock exchange filings. It was the bank ... ( read original story ...)
China stocks mixed, concerns over policy tightening linger; Hong Kong up
An advisor with the People's Bank of China (PBOC) said the central bank will continue to implement reasonable adjustments to monetary policy. "If it went tight, it would be loosened a bit. The central bank will not overdo it, and any adjustment doesn't ... ( read original story ...)
BANK OF CHINA : COMES TO PAKISTAN
State Bank of Pakistan (SBP) has issued a banking license to the Bank of China. The Bank will commence its business in branch mode after meeting other regulatory requirements, which is yet another stride towards facilitating the financial assistance to ... ( read original story ...)
China Merchants Bank : Vanke to Set up Investment Funds With Merchants Bank
China Vanke Co. (2202.HK) has agreed to set up two investments funds with units of China Merchants Bank Co. (>> China Merchants Bank Co., Ltd) for consolidating the commercial properties of the Chinese real-estate developer. China Vanke said after markets ... ( read original story ...)
China faces financial crisis within a decade Gavekal Dragonomics
A global investment house has warned that China faces a financial crisis within the next decade as government and private debt rise to unsustainable levels. Anatole Kaletsky is chief economist and co-chairman at Hong Kong-based Gavekal Dragonomics and was ... ( read original story ...)
China’s financial reform fraught with risks
China's concerted effort to slash financial leverage and clean up its messy yuan 76 trillion ($14.8 trillion) shadow banking sector is fraught with political and economic risks. There is a real danger that the aggressive moves by three different regulators ... ( read original story ...)