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 (CCB), two state-owned banks preparing to list on foreign stock markets next year. ...
Banks’ dual holding in China Beginning in the late 1970s, the Chinese government launched a reform of its banking industry3. In the early 1980s, the government established four wholly state-owned banks (the Big Four), which took control of all the commercial banking functions of the People...
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? He...
International exposure and the transmission of financial shocks: Evidence from China Explores the impact of adverse financial shocks on Chinese firms through the bank lending and firm borrowing channels.Finds that banks with greater exposur... Y Hu,P Zhang - 《Journal of International Money & Financ...
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...
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....
BEIJING, March 15 (Xinhua) -- Much of the world's attention has been on China's rapid economic recovery since the end of last year, and the spotlight has been getting much brighter as the country's "two sessions" have been held to guide its development for the years ahead. ...
China’s banks used to be, in effect, lending arms of the government. That led to an enormous pile of nonperforming loans that, by the late 1990s, rendered most state banks technically insolvent. In response, Beijing stripped nearly $200 billion of rotten debt off the banks’ books and in...
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? He...