NIBFC establishes market mechanism for repo defaults

Some of the specific details of the new pledged repo default mechanism remain unclear, but in general the goal of the blind auction mechanism is to ensure that larger banks continue lending to smaller banks. This is part of the broader regulatory reaction to…
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Ant Financial teams up with Vanguard

Ant Financial is looking to increase its footprint in all sorts of financial services – both inside and outside China. Given the company’s domestic reach, all foreign financial institutions should…
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Bank of Guizhou files IPO in Hong Kong

Baoshang Bank’s takeover by the government has put more pressure on city commercial banks to raise capital and increased concerns about credit risk for such banks. The success – or lack thereof – of the IPO…
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