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shadow banking

This tag is associated with 5 posts

27 Dec 2014 (AFR) – China’s growth story no longer looks invincible

(27 Dec 2014, AFR, p40, Max Mason) ‘With the federal government fore­casting a $9 billion shortfall in ­revenue over the next two years as iron ore plunges to new five-year lows, the view of China from Australia is one of a ­country struggling to maintain the growth that turned it into a ­economic superpower. Shadow banking, ghost cities, ­slumping property … Continue reading

28 Jun 2014 (AFR) – Chinese property dream turns sour

(28 June 2014, AFR, p13, Lisa MurrayAFR correspondent) ‘It was a deal that turned out too good to be true. For a minimum outlay of 100,000 yuan ($17,000) lenders were promised interest rates of up to 30 per cent and assured they need only give a month’s notice to get their money back in full.’ ‘The … Continue reading

30 Dec 2013 (TheAge) – China tries to deal with its mountain of debt

(30 Dec 2013, The Age, BusinessDay, p19, Neil Gough, Keith Bradsher, and New York Times) The New York Times headline: Markets on Edge as China Moves to Curb Risky Lending ‘China’s financial system is in danger of becoming too big to bail out. Official bank lending has more than doubled since the global financial crisis, … Continue reading

11 April 2013 (AFR) – China’s credit rating cut as debts rise

(11 April 2013, AFR, p16, Lisa Murray) ‘Shanghai | China has suffered its first credit rating downgrade in 14 years amid concern a build-up of debt has increased the risk of a financial crisis and subsequent government bailout. The surprise decision by Fitch to downgrade China’s long-term currency rating to “A+” from “AA-” follows warnings … Continue reading

15 August 2012 (AFR) – NAB risk man warns of shadow sector

(15 August 2012, AFR, p23, John Kehoe) ‘The influx of global regulations in response to the financial crisis risks pushing some activities into the shadow banking sector and sowing the seeds of the next financial catastrophe, a senior National Australia Bank risk officer has warned.’ ‘Lindesay Brine, head of controls and reporting at the bank’s … Continue reading