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Personal Credit Ratings Run Aground on Lack of Qualified Institutions

The inability of domestic financial institutions to satisfy regulatory requirements is stymieing the development of a personal credit ratings system in China. Wan Cunzhi, head of the...

Banking Regulator Mulls Banning Ex-officials from Lending Sector for Three Years

CBRC is considering the implementation of a ban on former officials joining financial companies which fall within its regulatory purview for a period of three...

Concerns Mount Over Capital Adequacy of China’s Listed Lenders

The slumping capital adequacy ratios of China's listed banks are raising concerns amongst industry observers in the lead up to new CBRC requirements at the end...

IMF Does Not Foresee Financial Crisis in China Anytime Soon

The IMF does not foresee a financial crisis in China or the Asia-Pacific region anytime soon, despite strong concern over soaring debt levels. Markus Rodlauer, IMF deputy director...

China’s Central Bank Backs Use of SDR’s for Domestic Debt

One of PBOC's senior-most officials has voiced strong support for the expand use of IMF's Special Drawing Rights in several areas, including for the issuance of...

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...

Latest stories

Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...