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  • September 3, 2014
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  1. Business - China Business - CREDIT

    Defaults, restructurings to rise as Chinese firms' debt soars

    Posted Feb 26th 2014, 01:58pm by Reuters

    ... Reuters Mainland defaults to rise as corporate debt soars Mainland corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults as credit repayment problems rise. Chinese non-financial companies held total outstanding bank borrowing and bond debt of about US$12 trillion at the end of last year- equal to more than ...

  2. Business - Banking & Finance - CHINA

    Lending adds increasingly less to Chinese GDP, pressuring Premier Li

    Posted May 31st 2013, 12:00am by BLOOM

    ... Bloomberg in Beijing Each yuan of debt is adding less to GDP with lumbering state-owned companies like China National Petroleum remaining the big borrowers Lending on the mainland ... in the debt market by the biggest Chinese companies is more than five times a measure of their operating earnings, twice the leverage ratio in 2007. State-owned enterprises in energy and power ...

  3. Business - Banking & Finance - CHINA

    Concern raised over China credit growth

    Posted May 30th 2013, 12:00am by BLOOM

    ... institutions. Fitch cut the nation's long-term local-currency debt rating last month, in the first downgrade by one of the top three rating companies in 14 years. "There is just no way to grow out of a debt problem when credit is already twice as large as GDP and growing nearly twice as fast," Chu said. Chu's view puts her in a minority among those charting the future ...

  4. Business - Economy - CHINA

    IMF warns China of risks in investment binge

    Posted May 30th 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com With concerns rising over debt in the mainland's lower tiers of government, the agency expresses fears for economic stability IMF warns ... stable. Excessive investment by local authorities in recent years has created serious overcapacity and lowered efficiency. "Augmented" general government debt, including loans to local ...

  5. Business - Comment

    What 'pivot'? Real US-China war will be over money

    Posted Sep 13th 2012, 12:00am by Tom Holland

    ... Tom Holland Any default on America's debts will result in an overhaul of the financial system and leave the biggest creditor writing the rules to suit itself Forget Pacific,real ... was that it prevented governments from printing money at will. With the anchor cast loose, the US financial system embarked on a credit creation binge that saw total debt, both public and private, explode from ...

  6. If this is a bubble, it is not about to burst any time soon

    Posted Aug 09th 2012, 12:00am

    ... now artificially low, he suggested homeowners would be dangerously exposed to a rise in mortgage rates. 'What is the ratio of debt to equity in the average middle-class mortgage?' he ...

  7. Mainland agency aims to boost its global rating

    Posted Aug 01st 2012, 12:00am

    ... banks and institutes, while China Chengxin (Asia-Pacific) was a separate operation rating debt and other products issued in Hong Kong. 'Even if the JV put out ratings for bonds issued ...

  8. Cash firm cleared of money lending

    Posted Jul 14th 2012, 12:00am

    ... Joyce Man joyce.hyman@scmp.com In a case that could dramatically change the city's lending industry, a court ruled that a cash-advance product offered to businesses is not a loan and does not breach the Money Lenders Ordinance. Global Merchant Fundin ...

  9. Students need to dump credit cards

    Posted Jul 12th 2012, 12:00am

    ... independent. Most students depend on their parents to pay their bills and to ask them to cover credit card debts is unacceptable behaviour. Tracey Chan, True Light Girls' College From Young Post ...

  10. No quick fix for cancer of local government debt

    Posted Jun 27th 2012, 12:00am

    ... sectors, such as the local-government debt market, intervention doesn't seem like such a bad idea. After three decades of existence, local-government debt is showing every sign of spinning out of control. And it seems the central government has begun to fret over the chance that runaway local debt will eventually cripple its banking sector, with Beijing making an about-turn on a proposal ...




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