China's central bank has drafted new rules to tackle risks from shadow banking, in a tacit acknowledgment that a host of measures in recent years to control off balance sheet credit have failed to control its risks, the Financial Times ...
Tags: Shadow Banking, balance sheet
Yesterday's U.S. interest rate adjustment narrows the scope for China to balance currency stability with economic growth. The U.S. Federal Reserve raised the benchmark interest rate by 25 basis points on Wednesday, the first increase ...
Tags: U.S.Rate, China's Policy
Although six years have passed since the global financial crisis broke out, many countries have not yet overcome its impact with the global economy is still facing uncertainties. And given the economic slowdown, albeit slight, in China, it ...
The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday. ...
The "new normal" theory elaborated by Chinese President Xi Jinping would be one of the hallmarks to be engraved in history by the ongoing meetings of the Asia-Pacific Economic Cooperation (APEC) in Beijing. In his speech delivered to over ...
Tags: new normal theory, APEC
Recent soft economic data including falling property prices have many investors worried about a growth slowdown in China, but Platinum Asset Management sees plenty of investment opportunities. The funds manager said in a note to investors ...
Tags: China Economy
Copper cathode inventories at China's Shanghai Futures Stock Exchange warehouses rose for the eight straight week to 207,320 mt as of March 7, up 4.6% week on week, according to SHFE data released late Friday. SHFE copper cathode stocks ...
Tags: Copper Cathode, SHFE Warehouses
Investors are second-guessing the underlying strength of the world’s two biggest economies as each faces homegrown challenges. China is still expected to maintain steady growth this year, albeit without the vim it once had. But its ...
Tags: Chinese Economies, U.S.Economies
China's industries beset by overcapacity have entered a more favorable demand-supply balance, Deutsche Bank said on Tuesday. The bank estimated the cement industry would reduce its added capacity in 2014 by 35 percent while the steel ...
Global largest asset management firm Blackstone Group and ICBC International acquire stakes in SCP (SZITIC Commercial Property Group Co., Ltd.) have acquired a 40% and 6% stake respectively in SCP. According to the statement released by ...
Tags: Blackstone, SCP Group
Judging by the designer shoes this young Chinese entrepreneur is sporting, his business, a cozy Italian restaurant in an upscale Shanghai neighborhood, must be doing rather well. The new car parked outside reinforces that observation. On ...
Tags: Bank Loans, Innovation
It’s been a good few weeks for China’s economic decision-makers. Official data showed exports in August rose 7.2% from a year earlier, surpassing all forecasts. The official purchasing managers’ index (PMI) for ...
Tags: Wrong Growth Path
China is said to be weighing a plan to allow local governments to issue local treasury bonds. Sources said recently that the Ministry of Finance (MoF) planned to allow local governments to issue local treasury bonds, an effort to ease ...
Tags: local treasury bonds, economy
Nothing gets reads like a shadow banking story. Articles on China's local government debt pull page views too, conjuring images of small-town officials erecting enormous stadiums or skyscrapers on the edges of corn fields. Often left out of ...
Tags: Chinese Companies, Debt Crisis
As Chinese economy shows signs of picking up, analysts say shadow banking and local government debt, two major financial worries during the past few months, are less likely now to bring down the world' s second-largest economy. While ...
Tags: Local Debts, Financial Crisis