Tuesday, March 19, 2024

Monthly Archives: August, 2017

Chinese Banks Yet to See a Peak in Non-performing Loans: CINDA

Chen Yanqing (陈延庆) of China Cinda Asset Management says that while growth in the non-performing loan balance of Chinese banks has slowed, a stricter...

China’s Official Manufacturing PMI Beats Expectations in August

China's official manufacturing purchasing manager's index has posted a sharp increase for the month of August, contrary to consensus expectations. The manufacturing PMI jointly produced...

Regulatory Crackdown Helps China’s Big Four Banks Beat Profit Expectations

All of China's big four state-owned banks have posted second quarter profits ahead of consensus estimates, as an ongoing regulatory crackdown raises interbank funding...

Liquidity Expected to Remain Stable As Fiscal Expenditures Offset PBOC Repos

Despite the large volume of central bank repos set to mature by the start of September, market liquidity is expected to remain stable in...

Chinese Regulators Mull Ban on Cryptocurrency Crowdfunding

China's financial regulators are considering a ban on crowdfunding by means of cryptocurrencies, as authorities in other leading economies step up their scrutiny of...

Benchmark Rate Mistake Highlights the Opacity of China’s Central Bank

A processing error which triggered a sudden spike in one of China's key benchmark rates has highlighted a lack of transparency at Chinese central...

560 Billion Yuan in Central Bank Repos Set to Mature This Week

A total of 560 billion yuan in the Chinese central bank's repo agreements are due this week, triggering market trepidations about near-term liquidity. Data from Bloomberg indicates...

SASAC Wants State-owned Enterprises to Use Asset Securitisation, Debt Swaps, IPO’s to Deleverage

The State-owned Assets Supervision and Administration Commission (SASAC) is encouraging China's central state-owned enterprises by cut debt levels and improve their capital structures via...

Fintech Contributes to 3 Trillion Yuan Decline in Chinese Personal Current Accounts and Cash

The personal current account and cash components of China's money supply have seen a precipitous decline over the past six months in tandem with...

Large-scale Enterprise Profit Growth Eases for Jan-July Period As Deleveraging Continues

Profit growth of China's large-scale enterprises for the January-July period edged lower compared to the first six months of the year, while levels of...

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