CBRC May Be Drawing Hard Line with Liaoning on Debt Levels
There is a report in Caixin that the China Development Bank is pressuring banks and underwriters to stop making loans to Liaoning. Home to large...
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China: RMB to Continue to Face Downside Pressure Through 2016
The RMB has declined almost 3% against the USD since the beginning of 2016. We expect the RMB to continue to face downside pressure through 2016....
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China's Banks Are Less Risky Than You Think
Contrary to the market, we believe the potential credit loss to the system is manageable and the capital shortfall should be gradually absorbed by...
350 Views
The RMB Under Pressure and Good Trade Options
Despite continued insistence by the PBOC that there is “no basis” for continued depreciation, the RMB continues to depreciate. What makes this...
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Largest Decline in RMB Fix Since August 11
The PBOC has set the RMB fix significantly lower at 6.6375/$ which is the biggest one day change in the RMB since August 11. This is a decidedly...
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