Escalating border tensions with China have not prevented India from becoming the Beijing-based Asian Infrastructure Investment Bank’s biggest borrower.
One of the senior-most advisors to the Chinese central bank says the release of strict new regulations governing China’s asset management sector can effectively curb risk without precipitating crisis as feared by many observers.
Official data indicates that local government bonds emerged as the largest bond category on the Chinese debt market in 2017, as authorities continue to convert local government debt into bonds.
Reductions in the reserve ratio requirements for Chinese banks are set to give a boost to long-term liquidity following their launch towards the end of January.
China’s central bank has raised the interest rate for 63-day reverse repos after reintroducing them following a month and a half absence.
China’s senior-most financial regulators hope to bring financial inclusion measures to some of the poorest parts of the country.
In keeping with the broader theme set by China’s economic decision-makers, the country’s securities regulator said that it will push for “quality growth” of exchange bond markets this year.
The China Banking Regulatory Commission is further intensifying its crackdown on shadow banking activities, specifically targeting illicit flows of funds into the stock and real estate markets.
The China Securities Regulatory Commission has outlined three categories of shareholders that will be prohibited from serving as the controlling shareholders or largest shareholders in companies applying for IPO’s on the country’s new third board.
Chinese banks could reap an additional USD$63.4 billion in revenue by the end of the decade should they use Fintech to shore up financial inclusion,and tap customers who continue to lack ready access to financial services.