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NPL’s Stabilise as Capital Outflow Pressure Diminishes: PBOC

The vice-governor of China's central bank has said that non-performing loans have stabilised while capital outflows are on the wane as the country's economic growth retains momentum. "Following...

Ma Yun Calls for Beijing to Let Private Enterprise Take the Lead

One of China's most storied entrepreneurs has called for the Chinese government to give greater play to the role of private enterprise in the national...

Supply Side Reforms Will Push Chinese Deficit to Record High in 2017

The latest data from the Ministry of Finance indicates that China has just posted its first Q1 fiscal deficit since the turn of the decade as the government accelerates spending...

Leading Professor Calls for China’s State-owned Enterprises to Pull Back

A leading professor from one of China's top business schools has called for the government to dial down the economic role of state-owned enterprises in order...

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...

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...

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...

China’s Central Bank Changes Liquidity Management Tools

The People's Bank of China just launched its sixth round of medium-term lending facilities (MLF) this year yet refrained from reverse repo operations, in what banking experts believe...

Consumer Finance Boom Results in Burgeoning Bad Debt

A boom in China's consumer finance sector has been accompanied by the steady climb of its bad debt levels. More and more lenders are vying for the enticing profits offered by China's consumer finance...

Interbank Lending Under Pressure from Chinese Banking Regulator

The China Banking Regulatory Commission hopes to rein in the use of negotiable certificates of deposit (NCD's) by banks to sidestep restrictions on interbank lending, as...

Latest stories

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...

Renminbi Internationalisation Will Be Guided by the Market, Regulators Must Reduce Cross-border Restrictions: Chinese Central Bank Head

The governor of the People's Bank of China (PBOC) has highlighted the key role of market forces in broader efforts to expedite...