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As Chinese banks are set for a rigorous quarterly inspection of their books by the country’s major financial institution, the ructions in money markets as well as an explosion in inter-bank borrowing demonstrate how addicted they’re to risky methods of funding.
For the first time since it was launched the previous year, the Macro Prudential Assessment or MPA for short, will include off-balance sheet wealth management products for the purpose of giving authorities a better sense of potential risks to the country’s financial system.
Apparently, wealth management products, often linked to shadow banking, have demonstrated unbelievable surge for the last years even as the Chinese government tries to contain risks from a quick build-up in debt.
Banks, which fail the inspection, are expected to face stiff penalties, although the results aren’t publicly unveiled. The PBOC is going to conduct the MPA at the end of this month.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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