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China's National Administration of Financial Regulation (NAFR) amended the Guidelines on Syndicated Loan Business to form the Administrative Measures on Syndicated Loan Business (Draft for Opinion). The Measures optimize the requirements for commercial banks to conduct syndicated loan business in terms of the mode of organiz...
Recommend
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Pan Gongsheng, Governor of the People's Bank of China (PBOC), suddenly announced a 50 bps cut in RRR at a press conference held by the State Council Information Office yesterday (24th), which is the first RRR cut in 2024, Daiwa released a research report saying. The PBOC will inject RMB1 trillion of long term liquidity into ...
Recommend
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Positive
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JPMorgan reported that the PBOC has announced a 50 bp cut in the deposit reserve ratio (RRR), which will take effect from 5 February. The PBOC is expected to release approximately RMB1 trillion of liquidity to the financial system. The broker said China's earlier and larger-than-expected cut had a positive impact on the dome...
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In order to limit credit risk as China's property crisis intensifies and spreads to the economy, two large state-owned banks in China and a leading joint stock bank stepped up scrutiny on the asset quality of their smaller peers over the past few months, and tightened standards for interbank loan to identify peers with poore...
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Positive
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Morgan Stanley reported that according to official media reports, large state-owned banks may cut deposit rates by 10 bps to 25 bps, but the broker does not see room for more lending rate cuts. Instead, the policy is maintaining the net interest margins (NIMs) for mainland banks, but future rate cuts should be more commensurate ...
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