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China Loosens Debt Terms for Venezuela

South America’s most economically troubled country, facing fears of a debt default amid tumbling oil prices and a cash crunch, has been thrown a lifeline by its largest lender, China, The Wall Street Journal reported. The Asian giant loosened repayme ...

Daily Headline - global.abi.org - 11/24/2014 - 21:19 - 0 comments

Loan ‘Guarantee Chains’ in China Prove Flimsy

Chains of guarantees, in which companies back loans to other firms, are causing pain for the wider Chinese economy, The Wall Street Journal reported. The central bank cut benchmark lending and deposit rates on Friday to reduce financing costs for com ...

Daily Headline - global.abi.org - 11/23/2014 - 22:57 - 0 comments

Central Bank Seen Fueling Old China as Banks Hold Key to Policy Success

In a related story, China’s central bank said its surprise move to cut interest rates for the first time since 2012 is designed to help small firms and protect depositors instead of all-out monetary easing. How the nation’s lenders respond will determine ...

Daily Headline - global.abi.org - 11/23/2014 - 22:58 - 0 comments

China Loosens Debt Terms for Venezuela

South America’s most economically troubled country, facing fears of a debt default amid tumbling oil prices and a cash crunch, has been thrown a lifeline by its largest lender, China, The Wall Street Journal reported. The Asian giant loosened repayme ...

Daily Headline - global.abi.org - 11/24/2014 - 21:14 - 0 comments

China Said to Consider Easing of Loan-to-Deposit Rules

China’s central bank is considering changing the way it calculates banks’ loan-to-deposit ratios, a government official briefed on the matter said, signaling efforts to boost credit as the economy falters. Savings that banks hold for non-deposit-taking f ...

Daily Headline - global.abi.org - 11/20/2014 - 21:21 - 0 comments

China Faces Debt Crunch As Property Values Fall

One Hong Kong-based hedge fund has accumulated the prospectuses of no fewer than 250 of the trust companies that sit at the heart of the Chinese shadow banking system. These contain virtually no disclosure except on the value of the real estate that back ...

Daily Headline - global.abi.org - 11/18/2014 - 20:57 - 0 comments

China Bad Loans Jump Most Since 2005 as Economy Cools

China’s bad loans jumped by the most since 2005 in the third quarter, fueling concern that a cooling economy will be further weakened as banks limit lending to avoid credit risks, Bloomberg News reported. Nonperforming loans rose 72.5 billion yuan ($11.8 ...

Daily Headline - global.abi.org - 11/16/2014 - 20:51 - 0 comments

China’s Property Market Bottoming Out? Not So Fast

China’s property market in October has shown some signs of mild improvement, but now may not be the time to heave a sigh of relief, The Wall Street Journal China Real Time blog reported. The year-on-year slide in housing sales moderated in October to ...

Daily Headline - global.abi.org - 11/13/2014 - 21:08 - 0 comments

China’s Small Lenders Pull Back As Economy Slows

China’s small-loan providers have virtually halved lending as the slowing economy turns both lenders and borrowers more wary of risk, the Financial Times reported. New loans from China’s 8,591 small-loan providers came to just Rmb89bn ($14.5bn) in th ...

Daily Headline - global.abi.org - 11/04/2014 - 23:15 - 0 comments

China’s Shadow Banking Sector Growing Rapidly

China’s shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Thursday, the Irish Times reported. The country vaulted ahead in ...

Daily Headline - global.abi.org - 10/30/2014 - 20:35 - 0 comments

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