The head of the People’s Bank of China said that reform and opening of the country’s financial sector is the key to prevention of systemic risk, while also warning of the threat to stability posed by excessive leverage.
China’s outbound foreign investment in the real estate sector has plunged by over half in the third quarter of 2017 according to a new report from property services firm Debenham Thouard Zadelhoff
The People’s Bank of China’s use of new monetary policy tools characterised by longer maturities has heightened its ability to adjust liquidity without hampering the economy, according to Moody’s Investors Service.
Bloomberg analysts expect China’s debt-GDP ratio to surge over the next five years, exacerbating the risk of a financial crisis.
An opinion piece published by the Chinese Communist Party’s bi-monthly journal of political theory flags further opening of the finance sector in future.
Beijing’s plan to contain credit expansion in the world’s second largest economy will be the chief uncertainty for the global economy in 2018 says Andrew Tilton, chief Asia-pacific economist for Goldman Sachs.
Capital flows from mainland Chinese investors have helped Hong Kong to retain its position as Asia’s leading property investment destination.
Chinese Internet giant Tencent has beat out rival Alibaba to become the first company in Asia to see its market capitalisation exceed the USD$500 billion threshold.
One of China’s big four state-owned banks has been hit with a 19.5 million yuan fine and seen four of its staff permanently banned from the banking sector over a 3.9 billion yuan fraud scandal involve its reverse repo operations.
The first three quarters of 2017 saw China lift its capital efficiency levels for the first time in over a decade according to Michael Taylor, chief credit officer of Moody’s Investors Service.