China

Frankfurt aims to become key renminbi center

ECB to sign US$130 billion currency swap with China.

Frankfurt aims to become key renminbi center

ECB to sign US$130 billion currency swap with China.

Realities of China’s shadow banking

Over the past one week, markets have been on a roller coaster due to various global & domestic factors. One of the key concerns was ‘Chinese Credit Crunch’. China being the 2nd biggest economy in the world contributing a substantial portion of the global GDP, felt like sharing some insights regarding the same to dispel fear among the investing public.

China clamps down harder on WMPs

Intends to increase transparency and reduce risk.

China moves to increase bank liquidity

Boosts lending to small and medium enterprises.

China discourages media from talking about banking’s cash crunch

Instead, media must positively guide public opinion.

Chinese banks delay Hong Kong IPOs

Blame it on falling share prices.

Interbank rates in China remain twice as high as normal

That's despite easing over the past few days.

Bank of China reviews Luxembourg operations

BOC President Tian Guoli visits Luxembourg.

China threatened by widespread bad loans

Borrowing costs at their highest in six months.