China Economic ReviewWarning of a credit bubble in his latest China report, Morgan Stanley economist Andy Xie questioned the central government's ability to fine-tune the economy, noting that mainland bank loans had increased 52% since January 2002. Xie said China is over-invested by more than US$200 billion adding China's financial system doesn't price risk properly so any […]
Hong Kong-based CITIC Pacific said it expects its RMB 200 million water supply JV in China's Guizhou province to yield a 15% return. The 30-year franchise with Paris-based Veolia Environnement marked the first in a series of potential projects in the water sector, CITIC said. The move is part of a strategy to fill an […]
Vice-Premier Zeng Peiyan told a China-US business forum the government is working on plans to set up a development fund to help SMEs widen their source of funding. He also said the government would explore ways to promote venture capital activity and encourage businesses to list on overseas stock markets. National Development and Reform Commission […]
The China Development Bank plans to offer up to US$1 billion in US Dollar denominated bonds. The news comes after the China Export Import Bank announced it would make a similar bond offering. Analysts said that the Chinese banks are offering the debt securities in anticipation of the US Federal Reserve raising interest rates. The […]
The Export-Import Bank of China plans to sell US$1 billion worth of bonds. Debt offerings by mainland banks have been banned by regulators for the past two years because of China's large foreign exchange reserves and no mainland bank has made such an offering in the past five years. Citigroup, Goldman Sachs and HSBC plan […]