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Analysts Are Downgrading China's Small Banks at Record Pace

Analysts are taking note of the struggles in China’s banking industry, which is being battered by an official deleveraging drive, Bloomberg News reported. At least five smaller lenders have been downgraded by credit-rating companies this year, a record p ...

Daily Headline - global.abi.org - 07/22/2018 - 23:35 - 0 comments

Rising China Economic Strain Prompts Talk of Policy Rethink

China’s economic policy could be in line for a rethink, Bloomberg News reported. A slew of negative headlines from the escalating tension with the Trump administration and slowing growth to a bear market in stocks is prompting renewed focus on if and how ...

Daily Headline - global.abi.org - 07/22/2018 - 23:36 - 0 comments

Collapse of Chinese Peer-to-Peer Lenders Sparks Investor Flight

A wave of defaults is sweeping across China’s Rmb1.3tn ($190bn) peer-to-peer lending industry, causing investors to withdraw funds and platforms to collapse, the latest casualties of Beijing’s broader crackdown on debt and financial risk, the Financial ...

Daily Headline - global.abi.org - 07/22/2018 - 23:37 - 0 comments

In China, a Rare Public Spat Between Officials as Debt Pressures Build

Like other countries, China has bureaucratic infighting. But it does better than most at keeping tussles hidden from outside view, especially under Xi Jinping, a president who brooks no dissent. So it has been highly unusual to see a spat between the cen ...

Daily Headline - global.abi.org - 07/19/2018 - 22:19 - 0 comments

There’s a Bigger Worry in China Than Trade Tension

International investors are too fixated on trade tension between the US and China. Instead, they would do well to take heed as Beijing continues a war against non-bank lenders and fintech companies that is tightening liquidity and spooking investors in m ...

Daily Headline - global.abi.org - 07/17/2018 - 23:58 - 0 comments

China Hedge Fund Doubles Down as Market Selloff Deepens Losses

One China hedge fund is adding to stocks in the nation even as a rout deepened losses in its portfolio and prompted some peers to duck for cover, Bloomberg News reported. Springs China Opportunities Fund is using the “panic selloff” to increase its holdi ...

Daily Headline - global.abi.org - 07/16/2018 - 23:06 - 0 comments

Panic Roils China's Peer-to-Peer Lenders

and frozen funds. At least 49 platforms have failed in the past two weeks, adding to 80 cases in June, ...

Daily Headline - global.abi.org - 07/16/2018 - 23:06 - 0 comments

$45 Billion Wiped Out Mostly From Asia Bonds, BondEvalue Says

Rising Treasury yields, trade-war concerns and Chinese defaults have wiped out $45 billion since the start of the year in the market value of dollar notes sold by Asian and international borrowers, according to Singapore-based BondEvalue. “High net-worth ...

Daily Headline - global.abi.org - 07/16/2018 - 01:36 - 0 comments

China Development Banks Expand Links with Foreign Lenders

China’s development banks — the biggest lenders in the sector worldwide — are ramping up co-operation with overseas financial institutions after problems with their international investment projects, the Financial Times reported. The China Developmen ...

Daily Headline - global.abi.org - 07/16/2018 - 01:38 - 0 comments

China’s Strong Economic Growth Figures Belie Signs of Weakness

On the surface, China’s economy is humming along smoothly. It’s the numbers behind the numbers that point to mounting challenges for the world’s other economic superpower, the International New York Times reported. The Chinese government on Monday re ...

Daily Headline - global.abi.org - 07/16/2018 - 01:41 - 0 comments

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