Egypt Devalues - Now the Hard Work Starts
One gets the feeling all sorts of intriguing news is due to pop up in the next week into US elections, with today’s notes of interest being Egypt’s...
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Insights from the Chinese Courts on Bad Debts
Problems with financial institution and private lending can be seen from some reports from bad debt litigation in the Chinese courts. Although the...
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RMB Approaching 6.8
The RMB has depreciated further and appears likely to flirt with the 6.8 level as the CNH already stands at 6.79. Though Chinese regulatory and...
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Structural Drivers of RMB Depreciation
As the People’s Bank of China continues to allow the RMB to depreciate, it bears revisiting what specifically is driving this process and the...
187 Views
China's Debt-To-Equity Swap Speeded Up; Not a Positive Sign for Banks Despite Relatively Small Scale
Following the release of the long-awaited guidelines on banks’ debt-to-equity swaps, or DES, by the State Council, several DES plans were announced...
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