Thursday, May 2, 2024

Monthly Archives: August, 2017

Guodian and Shenhua Unveil Ambitions to Become China’s Biggest Energy Producer

Two of China's biggest energy concerns plan on merging as Beijing pushes for reform and consolidation of the state-owned enterprise sector. Speaking at the 11th...

Crackdown on Leverage and Capital Flight is Not About China’s Long-term Financial Health: Andy Xie

Morgan Stanley's former chief Asia-Pacific economist says that Beijing's ongoing deleveraging campaign and efforts to block the movement of capital abroad by big companies...

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...

PBOC Reprimands 40 Lenders for Interbank Account Violations

As many as 40 banks have received reprimands from the Chinese central bank for violating interbank account regulations, including some of the country's biggest...

Offshore RMB Rises to 9 Month High Against the Greenback

A languishing greenback has helped to push the offshore exchange rate for the Chinese yuan to a nine month high. On 1 August offshore RMB...

Are Financing Costs Easing for Chinese Enterprise?

A new study from the Chinese Academy of Fiscal Science indicates that policy measures could be proving effective at tamping down the cost of...

Chinese Analysts See Economic Momentum Easing in the Second Half

Following the release of purchasing managers' index reading for July, some of China's leading analysts see demand growth slowing and economic momentum easing in...

Caixin’s PMI Rises to Four Month High in July

The manufacturing sector purchasing managers index published by leading Chinese finance publication Caixin rose to a four month high of 51.1 for the month of...

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