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Chinese Developers Turn to Mortgage Balance-ABS for Liquidity

Chinese developers such as China Vanke and Country Garden are increasingly turning to the securitisation market as an alternative fund-raising channel as the onshore bond market remains mostly inaccessible, the International New York Times reported o ...

Daily Headline - global.abi.org - 11/21/2017 - 23:00 - 0 comments

Chinese Growth Prospects Improved, Policy Still Prudent

Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world's second-largest economy, but its monetary policy remains prudent and neutral, the International New York Times reported on a Reuters story. Earlier th ...

Daily Headline - global.abi.org - 11/20/2017 - 23:45 - 0 comments

Risks in China's Risk Curbs

In attempting to head off a Bernie Madoff moment, China has set the stage for an even deeper bond market rout, Bloomberg News reported. Ten-year government note yields last week hit the psychologically important 4 percent level as investors braced for sw ...

Daily Headline - global.abi.org - 11/20/2017 - 23:46 - 0 comments

China's Huishan Dairy Tells Lawyers to Ready for Liquidation

China Huishan Dairy Holdings Co Ltd, struggling under billions of dollars worth of debt, is preparing for provisional liquidation in a legal escalation of one of the most spectacular collapses of a Hong Kong-listed firm in recent years, the Internation ...

Daily Headline - global.abi.org - 11/19/2017 - 23:33 - 0 comments

Muddy Waters Target Huishan Dairy Preps Provisional Liquidation

China Huishan Dairy Holdings Co., the Hong Kong-listed dairy company targeted by short sellers including Muddy Waters Capital LLC, said on Thursday that it is preparing for provisional liquidation, Bloomberg News reported. The firm had told its Cayman le ...

Daily Headline - global.abi.org - 11/16/2017 - 23:46 - 0 comments

China’s Central Bank Injects $47 Billion Into Financial System

China’s central bank injected $47bn into its financial system on Thursday, its largest intervention in nearly a year, in an effort to calm investor fears that Beijing’s crackdown on debt-fuelled growth would put a break on the country’s rapid expansion, ...

Daily Headline - global.abi.org - 11/16/2017 - 23:47 - 0 comments

China Picks 31 More State Firms for Third Round of Ownership Reforms

China has chosen 31 more government-owned firms to participate in its third round of mixed ownership reforms aimed at injecting private capital into the state sector, an official of the country's powerful economic planning body said on Wednesday. Th ...

Daily Headline - global.abi.org - 11/15/2017 - 23:41 - 0 comments

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

China Warns on Debt, But Bond Buyers Shrug

What happens when you say you’ve taken away a safety net, but nobody believes you? That’s essentially what’s going on in one corner of China’s bond market, with the implication being that someone needs to get hurt before the message hits home. The issue ...

Daily Headline - global.abi.org - 11/07/2017 - 22:42 - 0 comments

China's Central Bank Chief Renews Warnings About Financial Risk

China’s financial system is getting significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who also flagged the need for deeper reforms in the world’s second-biggest economy, Bloomberg News reported. Latent ...

Daily Headline - global.abi.org - 11/05/2017 - 20:50 - 0 comments

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