Foreign banks accelerate their retreat as growth slows
Article Abstract:
Foreign banks have adopted an increasingly cautious stance on loans to China. While Chinese economic growth remains the highest in Asia, concerns about possible loan defaults and worries about weak regulation have led many banks to slow down loan approvals to the country. The largely negative sentiment among bankers is now mirrored in the stock and bond markets as fears of a slowdown in Chinese growth are reinforced by uncertainty over the Chinese government's willingness to help creditors who got burned after the collapse of Guangdong International Trust and Investment Co in Oct 1998.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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A case in damage control: HKCB loss hints at role in Hong Kong's financial titans play in economy
Article Abstract:
The financial loss indicated in the 1998 earnings report of the Hong Kong Chinese Bank Ltd provides a clue as to how the city's economy has declined in 1998. It also revealed how the city's financial giants control the economy as they tried, together with monetary authorities, to contain the damage and prevent it from causing a bank run. The damage control efforts were so successful that Hong Kong stock prices increased by 4% on the first trading day after the bad news was revealed.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Enron's ruin poses big test: How will credit-derivatives market respond?
Article Abstract:
Many of those who invested in Enron before its bankruptcy bought credit-default swaps, or insurance on their investment in case of the company's failure. The credit-derivatives market may be in trouble because of the large amount of insurance taken out on the bankrupt company.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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