The former CEO and co-chief investment officer of US investment giant PIMCO says that the Chinese economy is unlikely to meet with a Minsky Moment financial crash.
The head of the People’s Bank of China said that the Chinese economy could succumb to a “Minksy Moment” crash in asset prices if regulators fail to take greater pains to curb market excesses and debt.
Official data indicates that China’s urbanisation rate is fast approaching 60% as an increasing number of rural citizens leave the countryside to pursue economic opportunities in the city.
The head of China’s banking regulator has reiterated the central government’s commitment to further liberalisation of the Chinese finance sector at the 19th National Party Congress held in Beijing.
One of China’s senior-most central bank and foreign exchange officials has reiterated the importance of opening up the country’s financial sector, while also flagging diminished intervention in exchange rates.
The Chinese central bank has taken one day liquidity injections via reverse repos to a month-long high via 300 billion yuan in sales.
The head of the People’s Bank of China’s digital currency research department has deplored the use of virtual currencies such as Bitcoin as a form of fiat money.
The scope and intensity of housing sales restrictions in China have continued to increase, as municipal governments endeavour to cool down overheating real estate markets.
The number of bank-run P2P platforms operating in China despite the natural advantages that established lenders have brought to Fintech business.
Borrowing by China’s household sector as well as shadow banking business saw a sharp increase in September, despite Beijing’s ongoing deleveraging campaign.