Banking & Finance
Shanghai opens doors to financial world
8 March 2010Professor Buck K.W. more...
China tightens bank lending rules
25 February 2010Beijing is trying to prevent excessive lending that it says could lead to financial problems while ensuring adequate credit to keep the economic recovery on track.
Chinese leaders worry that a stimulus-driven torrent of lending is fueling a dangerous bubble in stock and real estate prices.
Beijing has ordered banks to set aside additional reserves and to keep lending stable, but the central bank has avoided raising interest rates, which might slow down growth.
The regulation on working capital loans stated that banks must calculate borrowers' actual needs and also consider their cash flow, liabilities, repayment abilities and other factors when assessing loan applications.
Yahoo reports that on personal lending, the regulation says that borrowers may not obtain loans if they do not specify what the money is to be used for.
Revaluing RMB not a cure-all for US economy
23 February 2010Olivier Blanchard chief economist of the International Monetary Fund (IMF) said a 20% appreciation of the renminbi or RMB (still often referred to as the yuan), along with a similar currency appreciation by other emerging Asian economic entities may lead to an increase of about 1% of the US gross domestic product,said, basing the prediction on an IMF model.
He said, "This would be good news for US growth but this is clearly not enough by itself to sustain growth in the United States.'
China Daily reported that he said the appreciation of the RMB is not a panacea for the United States, nor for the rest of the world.
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China tightens reins on loans (29 January 2010)Taiwan to allow Chinese capital in stock market (19 January 2010)
First 3 consumer finance companies (14 January 2010)
BIS warns on quality of bank balance sheets (9 December 2009)
China banks deny Dubai problems (4 December 2009)
Forecast: Stock bubble to burst next year (30 November 2009)
Domestic demand stimulated (23 November 2009)
Online domestic auto financing (26 October 2009)
HSBC sees tipping point of Western decline (7 October 2009)
Bank of China's Yu favors stocks in real estate (21 September 2009)
Wen: RMB yet to become international currency (18 September 2009)
China Merchants Bank beats rivals in quality of service (25 August 2009)
China banks to slow lending with low targets (6 August 2009)
China, US to deepen financial supervisory cooperation (5 August 2009)
China bank regulator will oversee working capital loans (4 August 2009)
IMF welcomes China's progress on currency (27 July 2009)
China Merchants Bank to open in UK (21 July 2009)
