Tag Archives: PBOC

China’s Bad Loan Giant Awakes

In the aftermath of the record cash crunch in the Chinese interbank market, many financial institutions in China and abroad have been hoping that the PBOC would either end its stance of aloof detachment or at least break its vow … Continue reading

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Bank Of China Declares Moratorium On Transfers, Online Banking; Counters Inoperable

From Caijing, google translated. We hope the gist of the narrative in Mandarin is far less scary, because if the translation is even remotely accurate, then all hell may be about to break loose in China. From Caijing: Bank of China, … Continue reading

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It Is Now the Time to Start Paying Attention

US Traders Walk In To Another Bloodbath Lots of sellside squeals this morning following the epic bloodbath in China, where in addition to what we already covered hours ago, has seen at least five companies  (China Development Bank, Shanghai ShenTong Metro, … Continue reading

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Chinese Banks Ready to Go Bust

Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chinese bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are scrambling … Continue reading

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“The Market Would Have Collapsed” Had The PBOC Drained: Chinese Liquidity Shortage Hits All Time High

Those who have been following our coverage of the bipolar Chinese liquidity situation (most recently here and here) are well aware of the unique position the world’s fastest (if only on paper) growing economy finds itself in: on one hand, it is the … Continue reading

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