The maturation of 600 billion yuan (USD$89.9 billion) in special government bonds by the end of August could have a significant impact upon Chinese monetary policy and fiscal policy in the second half of 2017.
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.
Moody’s Investors Services says that the Fintech operations provided by China’s leading Internet companies serve to weaken their credit quality and ratings.
The International Monetary Fund said that the Chinese central bank should be granted independent control over interest rates, as well as make monetary policy its exclusive focus.
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.
China has just seen the release of its first public-private partnership asset-backed financial product on the country’s interbank market.
Chinese banks have dramatically reduced pressure on some of the country’s most heavily indebted state-owned enterprises with a slew of debt-to-equity swaps across a range of industries.
Measures adopted by Beijing to curb capital outflows and stabilise the Chinese yuan may have undermined plans for its internationalisation and expanded usage in overseas jurisdictions.
The latest draft version of a directive from China’s banking regulator prohibits the use of debt-equity swaps by China’s “zombie” state-owned enterprises.
The latest annual report released by the China Banking Association (中国银行业协会) has triggered concerns about the scope of the country’s shadow banking sector, with the revelation that the off-balance sheet business of Chinese banks dwarf those recorded on their balance sheets.