Peter's Feed
Sep 16, 2015
via Breakingviews

China brokers’ problems go beyond trading probes

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Imagine Goldman Sachs was partly owned by a government-controlled conglomerate. Now imagine authorities were investigating one of its leaders. That is effectively what is happening in China, where the president of CITIC Securities faces an insider trading probe. The latest regulatory assault on China’s biggest brokerage is just one of several headaches facing the industry.

Sep 16, 2015
via Breakingviews

China brokers’ problems go beyond trading probes

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Imagine Goldman Sachs was partly owned by a government-controlled conglomerate. Now imagine authorities were investigating one of its leaders. That is effectively what is happening in China, where the president of CITIC Securities faces an insider trading probe. The latest regulatory assault on China’s biggest brokerage is just one of several headaches facing the industry.

Sep 8, 2015
via Breakingviews

The real reason to worry about China’s FX reserves

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s giant foreign exchange hoard just got a bit smaller. A $94 billion decline in August – the biggest absolute drop on record – shrank the country’s reserves of U.S. dollars and other currencies to $3.56 trillion. The outflows have raised concerns about capital flight in the wake of China’s botched devaluation. Yet the bigger risk is of a domestic squeeze.

Sep 8, 2015
via Breakingviews

The real reason to worry about China’s FX reserves

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s giant foreign exchange hoard just got a bit smaller. A $94 billion decline in August – the biggest absolute drop on record – shrank the country’s reserves of U.S. dollars and other currencies to $3.56 trillion. The outflows have raised concerns about capital flight in the wake of China’s botched devaluation. Yet the bigger risk is of a domestic squeeze.

Sep 4, 2015
via Breakingviews

Chinese plane-hire deal survives market turbulence

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s push into global aeroplane finance has survived recent market turbulence. Bohai Leasing’s $2.6 billion offer for Dublin-based Avolon is slightly below its indicative bid a month ago. But clearly it will take more than a declining yuan and worries about rising interest rates to ground the group’s ambitions.

Aug 31, 2015
via Breakingviews

Slowing growth exposes Chinese banks’ debt debris

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s economic slowdown is exposing the debt debris in its banking sector. Dodgy credits on the balance sheets of the country’s four biggest lenders jumped by 28 percent to 592 billion yuan ($92.8 billion) in the first half of the year. Further deterioration would send earnings growth into reverse.

Aug 31, 2015
via Breakingviews

Slowing growth exposes Chinese banks’ debt debris

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s economic slowdown is exposing the debt debris in its banking sector. Dodgy credits on the balance sheets of the country’s four biggest lenders jumped by 28 percent to 592 billion yuan ($92.8 billion) in the first half of the year. Further deterioration would send earnings growth into reverse.

Aug 25, 2015
via Breakingviews

China’s sensible rate cut sends dangerous signals

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

China is showing signs of nerves. For two turbulent days, the country’s authorities gave the impression they had given up trying to prop up the stock market. Now the People’s Bank of China has stepped in to cut interest rates. This otherwise sensible decision sends a dangerous signal.

Aug 25, 2015
via Breakingviews

China’s sensible rate cut sends dangerous signals

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

China is showing signs of nerves. For two turbulent days, the country’s authorities gave the impression they had given up trying to prop up the stock market. Now the People’s Bank of China has stepped in to cut interest rates. This otherwise sensible decision sends a dangerous signal.

Aug 24, 2015
via Breakingviews

China’s ailing stocks are now contagious

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The author is a Reuters Breakingviews columnist.  The opinions expressed are his own.

China’s stock market sickness is becoming contagious. Shockwaves from the latest selloffs in Shanghai and Shenzhen have rippled across currencies, commodities and Asian bourses. Investors may be losing confidence in China’s ability to micro-manage the financial sector – and steer a slowing economy.

    • About Peter

      "Peter is Asia Editor of Reuters Breakingviews, based in Hong Kong. He oversees coverage of financial services and regulation. Prior to joining Reuters, Peter spent 10 years at the Financial Times. From 2004 to 2009 he was the FT’s banking editor, leading award-winning coverage of global banking during the credit crunch. Between 2000 and 2004 Peter reported for the FT from New York. He played a leading role in the paper’s coverage of the 9/11 attacks. Follow Peter on Twitter @Peter_TL"
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