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Monthly Archives: April, 2017

PBOC Expands Injections as Overnight Rates Rise to Two Year High

Sustained gains in China's money market rates have prompted the central bank to lift net monetary injections to a three month high. The overnight Shanghai Interbank Offered Rate...

Central Bank Loosens Cross-border Restrictions to Boost RMB Internationalization

Thinning capital outflows and increasing exchange rate stability have paved the way for China's central bank to loosen recently introduced settlement restrictions. Chinese media reports that the People's...

Bank of China Expands Overseas Reach Via Silk Road Initiative

Xi Jinping's One Belt One Road initiative has emerged as key means for the Bank of China (BOC) to advance its overseas expansion plans. BOC endeavours to...

IMF Says China’s Breakneck Credit Growth Still a Risk

  The Global Financial Stability Report issued by the International Monetary Fund (IMF) on 19 April has expressed strong concerns about the risks associated with ongoing excessively rapid growth...

Joint Stock Banks Will Plunge into Debt for Equity Subsidiaries This Year

Industry observers expect China's joint-stock lenders to accelerate their establishment of debt-equity swap investment management subsidiaries in 2017. According to China Securities News the commercial banks...

New Details on China Minsheng 3bn Yuan Counterfeit Wealth Product Scandal

Further details have emerged in relation to the defrauding of high-end Beijing banking clients by the head of a China Minsheng branch who made use of...

Jiangxi Bank Lent 200bn Yuan to Fraudulent Borrowers

Jiangxi Bank has sustained heavy losses as a result of fraudulent loans taken with the provincial lender by multiple companies, capsizing hopes that it would emerge...

CBRC Crackdown Spurs Wave of Bond Redemptions

CBRC continues to step up its sweep of the banking sector, prompting a wave of outsourced redemptions amongst the big lenders. The China Banking Regulatory Commission has launched a...

Deutsche Bank Upgrades 2017 GDP Growth Projection to 6.7%

Deutsche Bank has raised its 2017 growth projection for China following release of Q1 data by the Chinese central bank. Data released by China's National...

Minsheng Branch Head Fleeces Premium Clients of 3bn Using Forgeries

The head of a local Beijing branch of China Minsheng Bank is under investigation for the allegedly defrauding over 150 high-net worth clients of up to...

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