China launched an aggressive bank recapitalization program on January 5 by injecting $45 billion from its $40O billion-strong foreign exchange reserves into the Bank of China (BOC) and China Construction Bank (
Since the founding of the People’s Republic of China, unremitting efforts have been made not only to harness the Yellow River, but also to promote ecological conservation and high-quality development in the Yellow River basi...
Since the founding of the People’s Republic of China, unremitting efforts have been made not only to harness the Yellow River, but also to promote ecological conservation and high-quality development in the Yellow River basin.How does China manage to make such a river benefit its people? Here...
Policy researchers and economists predict that China may take unconventional monetary steps to finance bolder fiscal expansion next year, possibly including a sizable central bank purchase of government bonds, coupled with more aggressive cuts in interest rates and reductions in banks' required reserves.T...
The findings show sustainability disclosures by banks that participate in the global reporting initiative (GRI) are significantly higher than disclosures by those banks that have not participated in the GRI. Amongst those banks that have participated in the GRI there is a higher rate of disclosure ...
This is what I mean by the state-finance nexus, the connection between the state and, for instance, banks, investment funds, capital markets, and so on. This connection is very strong in China and weaker in many other ...
Chinabanking systemforeign participationThis paper calculates indices of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indices for a subgroup of 68 central banks as of the end of the 1980s. The results confirm strong improvements in both economic and political...
China’s commercial banksIntroducing foreign strategic investors (FSIs) is a vital step in the ownership reforms of China€s banking industry. Using China€s data from 1995 to 2014, we employ propensity score matching and difference-in-differences approaches to investigate the effects of FSIs on ...
In China, mortgage rates can be either fixed or pegged based on the loan prime rate (LPR). Those choosing early repayment have LPR pegged rates, which have fallen, meaning they can pay less interest now. Companies and local governments also use the additional funds to repay existing debt, ...
Policy researchers and economists predict that China may take unconventional monetary steps to finance bolder fiscal expansion next year, possibly including a sizable central bank purchase of government bonds, coupled with more aggressive cuts in interest rates and reductions in banks' required reserves....