The Chinese domestic bond market is set to be affected by the negative sentiment through a spillover effect, according to analysts. When such financial institutions are hit, it's a concern because they are big investors in the local bond market, Goldman Sachs said.
Neeraj Seth, head of Asian credit at BlackRock, said he expects more Chinese companies to default on their debts. Still, he added that he expected defaults will be contained to smaller companies and in specific sectors such as technology and export-oriented businesses. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services.
Big four lenders hit by concerns that Beijing will ask them to bail out smaller peers
Data also provided by. Skip Navigation. Markets Pre-Markets U. Technology read more. Saudi oil attacks could be a precursor to cyber attacks from Iran The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region. Trump heads to UN with long list of deals he's yet to close There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.
Politics read more. Blackstone: Even a 'smaller' US-China deal could be good for World Economy read more.
About Bank of China
Buffett's investing advice consistent over past 35 years since Markets read more. The stock market rotation that rocked investors this month may Voters equally uneasy about Trump, Democratic rivals Suspected drone activity diverts flights coming into Dubai Airlines read more. Democrat Adam Schiff says Trump's Ukraine call could justify Travel read more.
China's central bank and its banking and insurance regulator announced in late May they would seize control of the unlisted Baoshang Bank for a year. Since then, risk aversion has spread among big lenders in the country. But the risk aversion isn't contained to just banks. The concerns could next spill over onto issuers. Combat financial crimes. The supervisory and regulatory criteria of the CBRC a. Promote the financial stability and facilitate financial innovation at the same time; b. Enhance the international competitiveness of the Chinese banking sector; c.
China's banks face cash crunch fears after authorities seize lender
Set appropriate supervisory and regulatory boundaries and refrain from unnecessary controls; d. Encourage fair and orderly competition; e. Clearly define the accountability of both the supervisor and the supervised institutions; and f. Employ supervisory resources in an efficient and cost-effective manner.
Banking in China Guide - Teaching Nomad
China Banking Service Distribution. The main functions of the CBRC.
- Recommended posts?
- HSBC China Private Banking!
- Ludwig Mies van der Rohe;
- How Does China's Banking System Work?.
Formulate supervisory rules and regulations governing the banking institutions;. Authorize the establishment, changes, termination and business scope of the banking institutions;.