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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...

Fewer Migrant Workers as More Rural Chinese Opt for Jobs at Home

Growth in the number of migrant workers in China has dropped to anaemic levels in the first quarter of 2017, as an increasing number of rural...

Economists See China Entering L-shaped Recovery After Rail Freight Surge

Following a recent surge in China's railway freight volumes, economic experts expect the country to plateau its way into L-shaped growth recovery. The latest data from China Railway indicates...

Leading Lenders Penalised over Foreign Exchange Infractions

A slew of China's leading banks have been implicated in foreign exchange infractions involving roughly USD$1.3 billion in funds over just the past several years. According to some...

China Unicom Leads 2nd Round of Mixed Ownership SOE Reforms

The second round of mixed-ownership trial reforms of China's central state-owned enterprises is waiting eagerly in the wings, led by telecommunications giant China Unicom. According to China...

M2 Year-on-Year Growth Expected to Hit 11.2% in March

On the eve of the release of key economic and financial data by China's central bank, economists foresee an expansion in the M2 money supply...

Latest stories

China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...