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Monthly Archives: May, 2017

Foreign Exchange Regulator Flags Greater Focus on Banks

China's State Administration of Foreign Exchange (SAFE) has pointed to Chinese banks as a key area for combating risk in relation to the foreign exchange market. SAFE's...

Chinese Liquidity Set to Tighten Further in May

While liquidity has improved slightly since the start of the month, analysts expect further tightening of capital in May on the back of multiple...

Caixin’s PMI Hits Lowest Point Since September

The latest purchasing managers index published by Chinese financial news provider Caixin marks a seven month low. Caixin's PMI for April is 50.3, for a decline of 0.9...

China Academy of Social Sciences Sees L-shaped Economic Recovery

A leading expert from the China Academy of Social Sciences says that the Chinese economy has already entered an L-shaped recovery. A new opinion piece...

Chinese Banks Added 2.9tn Yuan to Loan Book in Q1 2017

25 Chinese listed banks expanded their total loans portfolio by nearly 3 trillion yuan in the first quarter of the year, with a marked divergence in interest...

Chinese Banks Suspend Innovation Forays Following Regulatory Crackdown

A new report indicates that many Chinese banks have become reluctant to engage in new or innovative operations just a month following a crackdown unleashed by...

Dongguan Securities IPO Scuppered by Bribery Allegations

The IPO of Dongguan Securities has run aground on bribery allegations involving the former vice-governor of Guangdong province. Established in 1988 with registered capital of 1.5...

Banks Lift Home Loan Costs in Beijing, Shanghai, Guangzhou

Chinese lenders are lifting rates for home loans in major cities across the country. Data from Rong360 indicates that multiple cities across China have seen home...

Minsheng Bank Scandal Highlights Wealth Management Product Risks

A major fraud scandal in Beijing has highlighted inadequacy of risk controls in China's banking sector when it comes to the multi-trillion yuan wealth management...

Chinese Regulators Coordinate on Acceleration of Reforms

Chinese regulators are engaging coordinated efforts to advance reform of China's financial system, as part of efforts to prevent the onset of systemic risk. At its 40th...

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