Tuesday, October 27, 2020
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Tag: Credit

New Renminbi Lending Approaches 3 Trillion Yuan in January

The latest official data indicates that new RMB loans hit an unprecedented high in January despite the Chinese government's ongoing deleveraging campaign, while the...

Chinese Lending Could Exceed 14 Trillion Yuan in 2018

Domestic analysts expect China to maintain stable loan growth this year, after M2 money supply growth dipped to unprecedented lows in 2017. Yan Ling (师闫),...

Lending by Chinese Banks Hit Record High for 2017 in November

Chinese banks supplied the highest monthly volume of loans for 2017 in November, despite Beijing's ongoing deleveraging campaign and efforts to contain credit expansion. Official...

M2 Money Supply Growth Hits New Low in October

Growth in China's M2 money supply continues to tap new lows as central government regulators forge ahead with their deleveraging campaign. The latest official data...

Ministry of Finance Says S&P’s Downgrade of China’s Credit Rating “Hard to Comprehend”

The Ministry of Finance has issued a strongly worded response to Standard & Poor's latest decision to downgrade China's sovereign credit rating by one...

New Chinese Lending Expected to Breach USD$152 Billion Threshold in August

Chinese analysts expect new lending to reach 1 trillion yuan (USD$152.67 billion) for August on the back of improving confidence and robust growth in...

China’s Debt Fuelled Growth Imperils Mid-Term Health for Short-Term Gain: IMF

The International Monetary Fund has said that the Chinese government's focus on shoring up short-term growth could be putting it on a "dangerous" path...

China’s Total Outstanding Debt Set to Rise to $33tn by December: Charlene Chu

One of the West's leading experts on Chinese finance says Beijing has grossly underestimated upcoming growth in the country's debt levels. Forming Fitch Ratings analyst...

Historic Low in M2 Growth Could be a “New Normal” for China

A slowdown in off-balance sheet lending by commercial banks has dragged growth in the M2 money supply to historically low levels. Data released by the...

RMB Property Loans Up 24.2% YoY in June

Chinese property loans continue to expand at a robust rate despite easing growth since the start of 2017. The latest credit data from the Chinese...

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Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...

Beijing Issues New Directive to Support Private Enterprise Growth Post COVID-19

The Chinese central government has just issued a new directive to support the development of private enterprises in China and help them...

Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...