Nations participating in Xi Jinping’s much-vaunted Belt and Road initiative have seen a surge in Chinese mergers and acquisitions despite efforts by Beijing to stifle capital outflows.
The Chinese central bank’s recent decision to include interbank certificates of deposit in its macro-prudential assessments (MPA’s) of lenders will not have a sizeable impact upon the banking system as a whole, according to one of its leading researchers.
Growth in China’s M2 money supply has sunk to another record-breaking low in July after succumbing to unprecedented weakness the previous month, with PBOC itself observing that its significance for the economy is on the wane.
Citibank China is one of several major banks subject to administrative penalties by the Shanghai branch of the China Banking Regulatory Commission for regulatory breaches.
The People’s Bank of China has just taken its net liquidity injections via medium-term lending facilities a four month high following the release of lacklustre economic data for last month.
China’s big five banks have signed on for debt-equity swaps agreement worth over one trillion yuan (USD$149.87 billion), as regulators push for accelerated use of the instruments to deleverage the state-owned enterprise sector.
China’s central bank has indicated that ongoing declines in the excess reserve ratio do not signal a shift in monetary policy or plans to ease banking system liquidity.
China’s central bank has released further details on the inclusion of interbank certificates of deposit in its macro-prudential assessments (MPA) of Chinese lenders.
The People’s Bank of China has flagged the potential for a far lower rate of growth in the country’s M2 money supply in future compared to previous years.
China has just seen the release of its first public-private partnership asset-backed financial product on the country’s interbank market.