China last week moved to ease concerns over the health of smaller lenders with an unprecedented credit guarantee, amid warnings that low-tier banks may still find it hard to access funding after the state takeover of troubled Baoshang Bank.
The US-China trade war is spilling over into the capital markets after US legislators tabled measures that could block Chinese companies from going public in the US and force the delisting of a host of well-known companies including Alibaba, JD.com and PetroChina.
China has allowed some of the proceeds from “special bonds” used to fund local government infrastructure projects to count as capital, in a move that could inject trillions of renminbi into the country’s slowing economy.
Citigroup has been suspended from underwriting certain types of Japanese government bond auctions after one of its employees was found to have rigged futures prices.
The Reserve Bank of India has released a new framework for the resolution of stressed assets that gives more flexibility to lenders to resolve bad debt without making it mandatory for them to refer stressed accounts to bankruptcy courts.