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Foreign Fiscal, Monetary Policy Puts China’s Financial Security at Risk: Xi Jinping

The Chinese president has pointed to the fiscal and monetary policies of other nations as potential sources of risk for China's finance sector. State media reports...

Fintech to Push Consumer Finance Market to Over $1.74tn by 2020

Rising domestic consumption and a fintech boom are expected to drive an expansion in China's consumer finance market to over 12 trillion yuan (approx. $1.74 trillion) by the end...

China’s Central Bank Balance Contracts as Interbank Rates Surge

The balance sheet of China's central bank has contracted, spurring a surge in interbank deposit rates has put many commercial lenders in a tight spot. The latest "Monetary Authority...

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...

Latest stories

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.