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Monthly Archives: May, 2018

Zhejiang’s DunAn Group Succumbs to 45bn Yuan Debt Crisis

The 45 billion yuan-debt woes of Hangzhou-based DunAn Group has prompted concerted intervention from the Zhejiang province government. On 2 May the Zhejiang province finance...

PBOC Bans Remittances of Renminbi Abroad for Forex Purchases by QDII’s

The Chinese central bank has banned RMB qualified domestic institutional investors (QDII) from dispatching domestic currency abroad for the purpose of making foreign exchange...

UBS Wants Majority Stake in Chinese Joint-venture as Permitted by New Regulations

Swiss investment bank UBS has announced that it plans to capitalise upon China's recent decision to lift restrictions on foreign ownership of domestic financial...

Beijing Will Launch Action Plan to Spur Chinese Consumption

State-media says that the Chinese central government is on the verge of launching new policies to drive an increase in domestic consumption. Economic Information Daily...

China’s Industrial Enterprises Maintain Double Digit Profit Growth in Q1

The latest figures from China's National Bureau of Statistics indicate that industrial enterprises posted robust growth for the first three months of 2018. NBS data...

Local Government Bond Issuance for April Exceeds Whole of Q1 2018

New data indicates that local government bond issuance in China accelerated dramatically in April after a soft showing in the first quarter of 2018. China...

Land Revenues in Leading Chinese Cities Post 83.4% YoY Rise in April

New data points to a surge in land revenues across China's major cities in April, despite efforts by local governments to rein in their...

Xi Calls for Establishment of World Class Universities With Chinese Characteristics

President Xi Jinping has called for the creation of world-class tertiary institutions with Chinese characteristics to expedite the development of socialism and STEM subjects...

Will China’s Large Denomination CD’s Rival Wealth Management Products?

Rates for China's large denomination CD's have risen considerably since the signalling of further interest rate reforms by central government regulators, making them a...

CPI Expected to Rise Around 2.5% in Second Quarter

Chinese analysts expect modest gains in domestic prices to continue in the second quarter of 2018. Data from China's National Bureau of Statistics indicate that...

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