Wholesale Funding Remains Vitally Important to Chinese Banks
A compelling takeaway from all of this is that Chinese banks remain heavily dependent on interbank and PBOC liquidity provision. We believe the...
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Asian Credit Monitor: The Chinese Corporate Bond Default, Not a Systemic-Risk
2018 has seen a number of corporate defaults for the Chinese onshore bond market. That has led investors to become more risk averse, in our...
362 Views
PBOC RRR Cut in Perspective.
The PBOC announced on Sunday it would cut the RRR by another 50 bps. By their estimates this provides roughly 500 billion RMB to big banks and 200...
171 Views
US China Trade War Update
Given the recent tariff implementation by the United States and China, we wanted to revisit our view of the trade war and how it may have changed....
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The Trade War Heats up and Assets Respond
In Money Matters: De-Globalisation and Asset Prices, I argued that financial and real assets had benefited enormously from the globalisation...
239 Views