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Monthly Archives: June, 2017

Industrial Enterprise Profits Lift Over 22% for January – May Period

The total profits of national-scale industrial enterprises in China for the January to May period has risen over 22% compared to the same period...

Deleveraging Drive Could Boost Corporate Bond Defaults

China's earnest deleveraging campaign could raise the likelihood of default by corporate issuers given the abrupt and opaque nature of the curbs imposed by...

China Will Further Open Financial Markets: PBOC

A senior figure from China's central bank has reiterated the country's commitment to further liberalisation and opening of its financial sector in future. During a...

Local Government Continues to Lift Debt Levels Illegally: National Audit Office

China's National Audit Office has revealed that many local governments are continuing to raise funds in breach of regulations despite heavier scrutiny from Beijing,...

China’s Central State-owned Enterprises Rack Up 200bn Yuan in False Revenue

China's National Audit Office has revealed widespread fabrication of performance results amongst the vast majority of the country's leading state-owned enterprises, which one expert...

Will China’s “Appetite for Pain” Save It From Financial Crisis?

One of the West's leading experts on China's banking system says that Beijing has demonstrated a surprising willingness to endure short-term pain in order...

Strong Fiscal Expenditures Push Chinese Liquidity Higher

Seasonal growth in China's fiscal expenditures has helped to push overall liquidity higher despite an ongoing deleveraging campaign by financial regulators. The People's Bank of...

China’s Foreign Exchange Authority Pushes for Greater Outbound Investment

China's State Administration of Foreign Exchange has announced that it would provide greater support to overseas investment and trade by Chinese enterprises that are...

Central Bank Excises Amount Restriction from Hong Kong Bond Connect Law

The People's Bank of China's new law governing the launch of the Hong Kong Bond Connect scheme has removed a key provision that restricted...

Chinese Economy Can Withstand Financial Deleveraging: China Merchant Securities

As growth in China M2 money supply hits a record low. China, Merchant Securities says that the market should not overestimate the adverse impact...

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