pboc

Citi appoints chief economist for China

Hong Kong-based Dr. Xiangrong Yu takes on responsibility for the bank’s views on China’s economy and policy. He shares with FA his thoughts on last week’s move by the PBOC’s to offer a RMB 1 trillion fiscal boost, as well as his concerns around inflation in 2H22.

March 15, 2022

FTSE Russell index to include China sovereign bonds from October 2021

Addition could potentially bring as much as $150 bln in inflows into onshore government bonds, CSOP Asset Management says

September 25, 2020

China’s blockchain seen as a push for greater control

The PBOC's plans to issue a cryptocurrency to replace fiat currency is seen as a move to regulate cash flow and to clamp down further on shadow banking. A policy adviser also couldn't resist a swipe at Facebook's Libra.

October 29, 2019

Asian green finance marches on despite imperfect standards

Even though there are no unified standards in Asia, companies like ICBC and Korea Electric Power Corporation are issuing green debt.

June 25, 2019

China uses special bonds to lure foreign investors

As the Sino-US trade war slows down GDP growth, Beijing is reforming its state infrastructure bonds to stimulate both international demand and infrastructure investment.

June 11, 2019

Beijing's $14.5b liquidity plan to avoid Baoshang bashing

To keep debt markets stable and defaults under control, the Chinese government is injecting money to help support small and medium-sized banks

June 03, 2019

Foreign funds prod China to reform bond market

The inflow of foreign funds into China's bond market is encouraging it to evolve so that it aligns more closely with international norms.

May 31, 2019

Bank bailout signals Beijing’s support for financial sector

Although the Chinese government's bailout of Baoshang Bank indicates support for financial institutions, not all investors are likely to escape the credit risks of Chinese banks.

May 27, 2019

Chinese corporate bond defaults on course to be highest ever

Citic Guoan Group, a subsidiary of state-owned conglomerate Citic, has defaulted on its Rmb3 billion bond. It is the biggest corporate bond default in China so far this year.

April 30, 2019

Chinese perps challenge international market

Chinese banks are expected to issue almost $21 billion in perpetual bonds this year. This will have a marked knock-on effect in the international capital markets.

March 22, 2019