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China: cash squeeze is “critical”
Squeeeeeeze It’s deliberate. To all intents and purposes, the Chinese authorities on Wednesday confirmed that the cash crunch squeezing the country’s banks is no market aberration but the result of...
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China credit crunch: Q&A
Bankers in China breathed a sigh of relief after authorities on Friday eased a tight cash squeeze, with money rates falling after the People’s Bank of China, the central bank, reportedly dribbled funds...
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Chinese finance: undercover operations
The PBoC? Well after the end of the working day in Beijing, it is still unclear precisely what happened in China’s financial markets on Friday, where money market rates fell relieving an intense cash...
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PBoC cash crunch statement: relief for some and pain for others
The People’s Bank of China on Monday finally went public over the country’s liquidity squeeze. Its first statement on the cash crunch helped ease the pressures in the money markets and bring down...
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China: PBoC tries again to ease cash crunch concerns
China’s central bank seems to have decided that after giving the markets a good scare, it is time to calm things down. After Monday’s statement failed to do the trick, it came out on Tuesday with...
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PBoC: China’s bank of dad
The Fed may have to deal with its feral hogs, but the People’s Bank of China has something just as troublesome: stroppy teens. Here’s [what we think is] as good an explanation of any as to what has...
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Guest post: what looms after China’s credit boom
By Eric Lascelles of RBC Global Asset Management The recent stress in China’s interbank lending market has, quite rightly, attracted renewed attention to the country’s credit excesses. Alas,...
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China equities: staring into the gloom
China’s markets stabilised on Wednesday, with interest rates easing in the crucial interbank market and stocks slipping slightly in uneventful trading. But along with the stability, there is gloom....
View Article[video] Dollar baby bull market
A third dollar bull market could be charging our way. George Magnus, an economic consultant, discusses with Long View columnist John Authers the impact the scaling back of US monetary easing could have...
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Fitch: China’s credit is not just big, it’s growing way too fast
Some more fuel to the China-credit-is-out-of-control fire. Fitch Ratings (which, don’t forget, downgraded China’s debt rating last year) has published a report which argues that “talk of deleveraging,...
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China: progress in campaign against shadow finance
Much of the reaction on Monday to the announcement of China’s financing numbers for January has focused on the sharp month-on-month increase in bank credit. However, a more telling picture can be had...
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Guest post: how Rmb1.2tn in China trust defaults could play out
By Andrew Collier, Orient Capital Research The threat of a collapse in the shadow banking market looms over China like a hawk swooping down on its prey. Shadow loans are made outside the formal banking...
View ArticleGuest post: China’s property is slowing, not crashing
By Andy Rothman, Matthews Asia China’s housing market is one of the most important parts of its economy, and also one of the most misunderstood. This sector is important because residential real estate...
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The Chinese Stock Free Fall: Not a Crisis, but a Scary Fire Drill
By David Daokui Li, Tsinghua University For most economies in the world, a 30 per cent drop in the stock index within a span of three weeks would certainly be considered a crisis. Certainly, the...
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