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China Clears a Path for New Banks
Keywords:
New economic policies of the Jinping-Keqiang administration in China- 2013 -2014
06/24/2013
A shift in policies of the central bank, the People's Bank of China, tightening credit in June 2013 to send a signal to banks to improve the quality of lending. This is part of the effort to control the surge in lending that is leading to hidden debt and large amounts of loans in default in the poorly regulated shadow banking system which poses serious risks to economic growth.
Grouped Articles
Wall Street Journal 06/25/2013
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
Distress Signs Test Beijing's Resolve
Wall Street Journal 06/25/2013
As Markets Seesaw, Chinaâs Central Bank Tries to Allay Concern on Tight Credit
New York Times 06/25/2013
Wall Street Journal 07/01/2013
Private bank services offered by Alibaba, Baidu and Tencent
11/07/2013
Alibaba offers moneymarket like accounts with interest rates of 4%, much higher than state owned banks. It is also lending to small business. The Jinping-Keqiang administration is making deposit insurance a top priority for 2014-2015 to encourage private banks to compete with the large stateowned banks.
Grouped Articles
Nonbank Upstarts Push Into Chinese Banking
Wall Street Journal 11/07/2013
China Clears a Path for New Banks
Wall Street Journal 11/20/2013
China's Central Bank Leads Effort to Regulate Internet Finance
Wall Street Journal 02/12/2014
Chinese Banks Match Tech Firms in Race for Deposits
Wall Street Journal 02/25/2014
High-Interest Web Banks on the Rise in China
New York Times 03/02/2014
China Details Plans to Liberalize Interest Rates and Encourage Private Banks
New York Times 03/11/2014
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