Posts Tagged ‘credit crisis’
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More Defaults in China Are Likely; Banks Meet Liquidity Requirements

by Christopher Lemieuxon April 4, 2014 6:48 am GMT
There is still a high probability of more defaults within China, according to Alfred Schipke, the International Monetary Fund (IMF) senior rep. for China. There is still growing concern over the enormous debts, both at local and federal levels. The People’s Bank of China (PBOC) is aiming to restrict the amount of easy money available […]

Regulators Look to Stress Test Chinese Banks

by Christopher Lemieuxon April 4, 2014 5:43 am GMT
Chinese banks will undergo stress tests by the China Banking Regulatory Commission (CBRC), reported by the Shanghai Securities News. This further suggests that the years of easy money policies, which spurred the vast shadow banking industry, is weakening the institutions creditworthiness. Bad loans have been in accumulation as a result of suspect lending. According to […]

Yuan Continues in Collapse Mode as Rest of Asian FX Sink on Yellen

by Christopher Lemieuxon March 23, 2014 6:19 pm GMT
The Chinese yuan has continued its full on collapse against the greenback as the People’s Bank of China (PBOC) widened the trading band, allowing the market to have a more hands on approach to its direction. The weakening fundamentals and uncertainty surround credit defaults continue to lead the yuan lower. The first casualty of the […]

Investors Head for Safety as Chinese Defaults Stack Up

by Christopher Lemieuxon March 21, 2014 1:28 pm GMT
Global investors head for safety in Chinese government bonds in the wake of corporate defaults and the looming systemic risks that may follow. Purchases of onshore debt increased by 16 percent this year with many investors see an alternative investment opportunity with the yuan’s precipitous decline. The yuan, also known as the renminbi, has declined […]