Tuesday, March 19, 2024

Monthly Archives: March, 2018

Chinese Household Debt Surges to Nearly Half of GDP

A new report indicates that China's household leverage ratio has undergone surging growth in the near-decade long period since the Great Financial Crisis. A report...

Bank of China Becomes Registered Lender in New Zealand

The Reserve Bank of New Zealand (RBNZ) has given the go-ahead to Bank of China's establishment of a local branch as a registered lender,...

CBIRC Says It Will “Deleverage Enterprises, Dismantle Shadow Banking”

China's newly formed banking and insurance regulator has stressed the need to reduce the leverage ratios of the corporate sector, as well as "dismantle"...

Chinese Central Bank Says It Will “Clean Up” Cryptocurrencies

The People's Bank of China (PBOC) has reiterated its strong stance on cryptocurrencies following the appointment of new governor Yi Gang. PBOC vice governor Fan...

China’s Big Five Banks Post 965bn Yuan in Profits, NPL Ratio Decline in 2017

The 2017 performance results for China's big five banks point to robust profits and an across the board decline in non-performing loan ratios. On 29...

SASAC Hopes to List 70% of Central State-owned Enterprise Assets by 2020

China's State-owned Assets Supervision and Administration Commission (SASAC) plans to list at least 70% of central state-owned enterprise (SOE) assets by the end of...

Debt-for-Equity Swaps Expected to Accelerate with New Policies in First Half

Industry insiders say the use of debt-for-equity swaps to advance China's state-owned enterprise reforms will accelerate in 2018, with a raft of new legislation...

State Council Reforms Expected to Slash Tax Burden by 400 Billion Yuan

The State Council has just launched a new round of tax reforms that are expected to lighten China's tax burden by as much as...

Beijing Approves New Rules Governing $15.87 Trillion Asset Management Sector

The Chinese central government has given the final green light to new rules that promise to shake up China's 100 trillion yuan (approx. USD$15.87...

Profit Recovery Boosts Chinese Bank Valuations

Analysts have raised their price targets for China's biggest banks after they posted profit growth ahead of forecasts. The South China Morning Post reports that...

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