Saturday, October 24, 2020
Tags Debt

Tag: Debt

China’s Total Outstanding Debt Set to Rise to $33tn by December: Charlene Chu

One of the West's leading experts on Chinese finance says Beijing has grossly underestimated upcoming growth in the country's debt levels. Forming Fitch Ratings analyst...

Debt Clampdown Compels Local Government to Renege on Bank Commitment Letters

A clampdown on local government borrowing practices by Beijing is already having an impact on regional finance, putting authorities in the difficult position of...

Ministry of Finance Bans Use of PPP’s by Local Government to Covertly Increase Debt

China's Ministry of Finance plans to launch new measures for standardising public-private partnerships that will strictly ban their use for covert financing purposes by...

China’s Central Bank Says Smooth, Orderly Deleveraging Must Continue

The assistant governor of China's central bank has said that it will continue to pursue a "smooth and orderly" deleveraging that will reduce the...

Ministry of Finance Claims Success in Curbing Local Government Debt

Beijing says that government debt risk still lies within "controllable" limits, while also resolving to dissipate accumulated local government financial risk and control growth...

Central Government Warns Against Reversal of Deleveraging to Drive Growth

One of the Chinese government's senior-most financial authorities has warned against reversing the ongoing deleveraging efforts of regulators just for the purpose of propping...

Local Government Bond Issuance Expected to Accelerate As PBOC Frees up Liquidity

Chinese analysts expect local bond issuance to accelerate in the second half of the year, as the People's Bank of China continues to loosen...

Politburo Calls for Curbs on Hidden Debt, More Inbound Foreign Investment

The latest meeting of China's senior-most political body has flagged further curbs on the growth of covert financing and a loosening of restrictions on...

China’s Deleveraging Campaign Has Ambivalent Impact on Debt: CASS

A new report released by the Chinese Academy of Social Sciences (CASS) says that while the country's ongoing deleveraging campaign has had some success...

Beijing Accelerates Deleveraging of State Owned Enterprises with Debt-Equity Swaps

The State-owned Assets Supervision and Administration Commission (SASAC) has said that it is accelerating the use of market-based debt-equity swaps as a key tool...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...