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china banking regulatory commission

This tag is associated with 7 posts

In wealthy Chinese city, debt guarantees spark default contagion


A network of loan guarantees set up to improve companies’ access to credit in one of China’s richest districts is creating new risks of default as some debts sour, another sign of how private firms are bearing the brunt of an economic slowdown. Chinese media have reported on a credit crunch developing among steel and … Continue reading

China urges local governments to speed up spending to support the economy


China urged local governments on Thursday to speed up spending this year’s budget to support economic growth but said it would keep overall policy stable and focus on pushing through reforms. Beijing is reluctant to take broad action to stem a slowdown in the economy, such as relaxing monetary conditions, but analysts said there had … Continue reading

China plays down economic turmoil


China’s chief banking regulator said on Saturday that liquidity in China’s banking system is sufficient and pledged to control risks from local government debt, real estate and shadow banking. Despite a cash squeeze that sent money-market interest rates soaring over the last two weeks, banks have more than enough reserves to meet settlement needs, Shang … Continue reading

China bans some hospitals from raising more debt


China ordered county-level public hospitals to stop borrowing money after an audit showed some of them took on too much debt when upgrading facilities, according to a document seen by Bloomberg News. The National Development and Reform Commission, the finance and health ministries and the China Banking Regulatory Commission, requested banks stop issuing new loans and reduce … Continue reading

China says economy recovering, bad debt risks dismissed


Reuters reports from Beijing: “Comments by China‘s two top banking officials playing down the risks of bad debt in the banking system provided the latest upbeat signal from Beijing suggesting seven straight quarters of slowing growth have ended. “Markets will be looking for the remarks, from Central bank governor Zhou Xiaochuan and bank regulator Shang … Continue reading

China’s Newest Investment Looks Like A Scam


I have a hard time convincing potential investors to buy a share of my West Indies (Headquarter) company as we search for suitable investments for the cash accumulated in a bank account. Here is one investment we are avoiding: The Chinese investment vehicle known as “Golden Elephant No. 38” promises buyers a 7.2 percent return … Continue reading

Brazil, China to Sign $30 Billion Currency Swap Agreement Soon


Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil Finance Minister Guido Mantega said. The currency swap, worth 60 billion reais or 190 billion yuan, will be the first step in a broader agreement with Russia, India and South Africa to … Continue reading

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