Bank of Zhengzhou Seeking China Listing, Just as Bad Assets Swell?
It is never easy to raise capital in the throes of an NPL cycle. This is one reason we believe that Bank of Zhengzhou (BOZ) is seeking its China...
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CBRC May Be Drawing Hard Line with Liaoning on Debt Levels
There is a report in Caixin that the China Development Bank is pressuring banks and underwriters to stop making loans to Liaoning. Home to large...
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China: RMB to Continue to Face Downside Pressure Through 2016
The RMB has declined almost 3% against the USD since the beginning of 2016. We expect the RMB to continue to face downside pressure through 2016....
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China's Banks Are Less Risky Than You Think
Contrary to the market, we believe the potential credit loss to the system is manageable and the capital shortfall should be gradually absorbed by...
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The RMB Under Pressure and Good Trade Options
Despite continued insistence by the PBOC that there is “no basis” for continued depreciation, the RMB continues to depreciate. What makes this...
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