Thema: China Banks
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Alt 18-02-2018, 20:36   #3
Benjamin
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Registriert seit: Mar 2004
Beiträge: 10.374
China Bank Stocks Are Rallying Too Fast for Comfort
Shuli Ren
29 January 2018,
https://www.bloombergquint.com/globa...st-for-comfort

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China's financial system harbours large risks, says IMF
7 December 2017

http://www.bbc.com/news/business-42263737
Zitat:
A stress test on China's banks found four-fifths were vulnerable.
China's "big four" banks had adequate capital but "large, medium, and city-commercial banks appear vulnerable", the IMF said.

The stress tests covered banks holding 171tn yuan ($26tn; £19tn) in total assets, and 27 out of the 33 tested needed to raise more funds, despite already complying with Basel III regulations on bank capitalisation.
The IMF warned in October that China's dependence on debt was growing at a "dangerous pace".
Zitat:
China's debt has ballooned and is now equivalent to 234% of the country's total output, according to the IMF.
Zitat:
The IMF also warned against the rapid development of new financial products, which it said could "very rapidly become large and popular and potentially a systemic risk".
The Fund says better co-ordination among supervisors was essential to contain the "grave" risks posed by innovative products.
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China propping up growth is fuelling soaring debt, IMF says
Beijing should stop shoring up unviable sectors of economy and concentrate on financial stability and minimising risks, according to international lender


PUBLISHED : Thursday, 07 December, 2017, 10:46am
UPDATED : Thursday, 07 December, 2017, 2:49pm
http://www.scmp.com/news/china/econo...-debt-says-imf

Chinese banks, while meeting Basel requirements, should gradually increase their capital to create buffers to absorb potential losses that can be expected during China’s economic transition as credit is tightened and implicit guarantees are removed, the IMF said.

There are widespread perceptions of implicit guarantees, the fund said, with banks often compensating retail investors for losses and lenders assuming that loss-making state-owned enterprises or financial intermediaries will be bailed out.
Banks also need to hold more liquid assets, the fund said.
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China's ballooning debt is a major threat to global financial stability, IMF warns
Will Martin, Business Insider UK,
http://www.businessinsider.de/imf-re...7-12?r=UK&IR=T
7.12.2017
Zitat:
China's ballooning levels of debt and dependency on credit to fuel growth continues to pose a major financial stability threat to the global economy, and could be the catalyst for the next crisis, according to the International Monetary Fund.
Zitat:
"Credit growth has outpaced GDP growth, leading to a large credit overhang. The credit-to-GDP ratio is now about 25% above the long-term trend, very high by international standards and consistent with a high probability of financial distress.

"As a result, corporate debt has reached 165% of GDP, and household debt, while still low, has risen by 15 percentage points of GDP over the past five years and is increasingly linked to asset-price speculation. The buildup of credit in traditional sectors has gone hand-in-hand with a slowdown of productivity growth and pressures on asset quality.”
Zitat:
"A reluctance among financial institutions to allow retail investors to take losses; the expectation that the government stands behind debt issued by state-owned enterprises and local government financing vehicles; efforts to stabilize stock and bond markets in times of volatility; and protection funds for various financial institutions, have all contributed to moral hazard and excessive risk-taking."
Zitat:
"International experience suggests that China’s credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment or a marked growth slowdown," a report said.
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Guaranteed repayment – the wild financial game no Chinese bank can afford to lose
The central bank wants to put a stop to the unspoken promise of 100 per cent bailouts in the wealth management industry but no one wants to be the first to blink


PUBLISHED : Wednesday, 22 November, 2017, http://www.scmp.com/news/china/econo...inese-bank-can

Zitat:
China Orient Asset Management chief economist Wu Qing said Chinese investors were used to “risk-free” and guaranteed repayment products. “If the guarantee is removed, it will be much more difficult to sell wealth management products,” he said.

Wu said new financial products, such as credit default swaps, should be developed to help spread risk. “Banks can attach an insurance scheme or even valuation adjustment mechanism for clients,” he said.

Wu Qi, a senior researcher at the Pangoal Institution, said guaranteed payments were an outgrowth of China’s changing financial landscape, where digital technology meant investors could shift money from one bank to another with a few clicks or swipes on their mobile phones. As a result, banks had to woo clients with promises of high returns and safety, he said.

Geändert von Benjamin (08-07-2020 um 22:47 Uhr)
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