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Chinese Liquidity Replies |
rffrydr
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texfly101
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Joined: 22 Oct 2007
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 Posted: Sat Nov 24, 2007 11:07 am Post subject: |
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I know that in the recent past, a couple of months ago, that the Chinese government unexpectedly cut off further funding for the various airlines to place orders to purchase new aircraft. It was said to be because their banking system had become too stretched to properly fund the loans for the purchases. I'll try to find an appropriate article in my industry sources.
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HenryTo
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Joined: 06 Aug 2004
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| Posted: Sat Nov 24, 2007 3:27 am Post subject: |
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"Flight to quality" mentality now spreading into Asia, or more specifically, China and Korea:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/21/bcnasia121.xml&CMP=ILC-mostviewedbox
| Quote: | Korean and Chinese three-month yields have fallen from 4pc to 1pc in a matter of days in a eerie replay of events on Wall Street in late August when flight from banks and the US commercial paper markets caused yields on three-month Treasuries to falls at the fastest rate ever recorded. Asian investors appear to be opting for deposit accounts with government guarantees.
It is unclear what prompted this latest "heart attack" in the credit system, though rumours abound that Asian banks have yet to own up to their share of the expected $400bn to $500bn losses from the US mortgage debacle. |
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rffrydr
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Location: Sunny California
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| Posted: Mon Nov 19, 2007 8:47 am Post subject: |
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| Quote: | Such controls have had "zero impact" on the Chinese economy and stock markets, said Rothman.
"Everybody knows it's coming," he said. "If you're a company and you have access to credit then you'll go ahead and borrow what you need for the full year before you get to the third quarter because you know this is coming."
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Overview:
http://www.forbes.com/markets/feeds/afx/2007/11/18/afx4351806.html
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rffrydr
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HenryTo
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11732
Location: Los Angeles, California
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| Posted: Sat Nov 10, 2007 12:34 pm Post subject: |
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China tightens some more, but stopped short of raising rates:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeQqeUOEfzvY&refer=home
| Quote: | | "To strengthen liquidity management in the banking system and curb excessive loan growth,'' lenders must set aside 13.5 percent of deposits from Nov. 26, the People's Bank of China said today on its Web site. The ratio, up from 13 percent, is the highest since at least 1987, according to Bloomberg data. |
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