The National Development and Reform Commission is considering easing some quotas in place to curb corporate bond issuance, The Wall Street Journal reported, citing the state run Economic Information Daily. In draft measures which may soon be released for public comment, the commission plans to remove the quotas on some bonds linked to investments in […]
Category: Banking & Finance
The People’s Bank of China has called on commercial banks to not raise maximum deposit rate levels beyond those set in February despite having itself set a higher ceiling for interest rates on Sunday, The Wall Street Journal reported, citing two unnamed bankers. Central bank officials told the banks that those which failed to comply […]
Major equity index provider S&P Dow Jones Indices appears closer to including mainland stocks in its offerings thanks to the market linkup between Shanghai and Hong Kong allowing some stocks at the former to be traded through the latter, The Wall Street Journal reported. David Blitzer, chairman of the index committee at the firm, said […]
Beijing is imposing a US$160 billion municipal bond-for-debt swap on banks to take the pressure off of debt-laden local governments, The Financial Times reported, citing local media. According to joint guidelines from the central bank, bank regulator and finance ministry, authorities will limit debt servicing costs by forcing banks to switch out higher interest loans […]
Four Chinese banks – China Everbright Bank (6818.HKG, 601818.SHA), China Minsheng Bank (1988.HKG, 600016.SHA), China Merchants Bank (3968.HKG, 600036.SHA) and Bank of Communications (3328.HKG, 601328.SHA) – are leading the charge in the margin lending craze that has helped fuel mainland stock markets’ ongoing rally, South China Morning Post reported, citing an unnamed source at a […]