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China's Top Bond Fund Says Rout May Worsen

It’s been the worst month for China’s local corporate notes in two years. And it might just be the start, as the nation’s top bond fund manager says yield premiums could rise further in 2018, Bloomberg News reported. President Xi Jinping is stepping up e ...

Daily Headline - global.abi.org - 11/26/2017 - 22:33 - 0 comments

Alibaba’s Finance Arm Bans High-Interest Consumer Loans

Alibaba’s finance affiliate has banned consumer-loan products that charge annual interest rates above 24 per cent from its marketing platform. The step is the latest sign of how tighter regulation is reshaping China’s once-freewheeling internet lending i ...

Daily Headline - global.abi.org - 11/26/2017 - 22:36 - 0 comments

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

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