Asia
Chinese banking crisis: Problem loans to local governments greater than anticipated
The Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion, says Moody’s VP Yvonne Zhang.
Chinese banking crisis: Problem loans to local governments greater than anticipated
The Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion, says Moody’s VP Yvonne Zhang.
South Korean telcos not threatened by mobile virtual network operators
Despite the attractive tariff plans, MVNOs will find it difficult to secure a line-up of attractive handsets due to their small subscriber base.
Chinese property sales volume rebounds by 12%
Monthly volumes of flats also slowed down by 30%.
Double pay: Inflation set to rise in the Philippines
Surging loan growth and an increase in the repo rate will mean money supply will rise along with inflation.
Asian currencies remain vulnerable
And guess which currency is the most risk on?
Hong Kong’s dimsum bonds subject to refinancing risks
And lingering policy uncertainty for dim-sum bonds is to blame, says Moody’s.
Spending splurge: Korean households spend more than what they earn
Households' gross savings are hence dropping rapidly, which has lasted for too many quarters, says Morgan Stanley.
China’s local government debt reached RMB 10.7 trillion in 2010
About RMB 9 trillion, or 84% of the total was explicitly taken on or guaranteed by governments.
Is China headed for a hard landing?
The country’s PMI slipping to 51.6 in May was a major concern among investors, says HSBC.
Growing pains: Vietnam’s growth falls short at 6.5%
DBS says the country’s inflation will likely register a high 18.6% this year.
All positive for Asia’s 40 largest banks
92.5% of the largest banks in Asia Pacific have stable outlooks despite the global financial crisis.
China meltdown: Will China’s GDP growth drop by more than 30% in 2011?
It is a rare probability event to call, as there have been four such episodes since 1980.
Non-financial corporates in Asia Pac safe from ‘systemic shocks’
The liquidity of Asian corporate remains good as Moody's latest Asian Liquidity Stress Index has kept low at 12.3%.
Don’t panic: China’s local debt still ‘manageable’ at RMB 10.7 trn
HSBC says nearly 80% of the total amount were bank loans.
What you need to know about the Asian economy right now
HSBC reports of encouraging data that point to a robust pick-up growth in Asia:
Chinese stock issuance reaches $52.6bn in 2011
This makes China account for 42.4% of Asia Pacific ECM volume – the highest YTD percentage on record.
China manufacturing PMI drops to 11-month low of 50.1 in June
HSBC says inflationary pressures will start to ease this month.
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