A Financial Times Service
China Confidential - Premium Investment Insight

Update alerts

NPL write-offs: certain pain, possible gain

13 Dec

Thanks to tighter liquidity conditions in China's financial system – and quiet direction from the regulators – China's banks have substantially increased write-offs of non-performing loans (NPLs) since the beginning of 3Q13. Particular banks may well have to seek new capital in 2014. However, ongoing disposals of NPLs, and the further development of markets for asset-backed securities (ABS) may well provide investment opportunities in the coming year.

China Cinda: first mover on NPLs

13 Dec

The hugely successful initial public offering (IPO) of China Cinda Asset Management Corporation (1359:HKG) highlights two major trends that are likely to continue into 1H14. One is the revival in IPO activity on the Hong Kong Exchange, the other is the sharp rise in disposal of non-performing loans (NPLs) by banks in mainland China. China Cinda now has a treasure chest of $2.5bn in new funds, 60% of which will be used to bid for NPLs.

Onwards and upwards – renminbi and the trade surplus

09 Dec

Rising from $31.1bn in October to $33.8bn in November, China’s trade surplus is at the highest level since January 2009. This is in spite of the recent strength in renminbi, which appears likely to continue in the short term. Indeed, a factor that has been a major contributor to the rise in the surplus has been the slow growth of imports.

2013-12-16 Report

Latest Report

16 Dec 2013

Trading in RMB grows

As China continues to internationalise its currency, a small but growing number of multinationals are now using renminbi in cross-border trade.

Denise Law is a researcher for Renminbi Compass in Hong Kong. (4m 13sec)

CC-LOGO-LARGE

CHINA CONFIDENTIAL

An integrated research service from the Financial Times that provides premium, exclusive analysis and predictions on China investment themes.

Using a dedicated FT team of specialists in China and the UK, it taps Chinese sources from the grassroots to the political elite to forecast key trends and issues. It conducts proprietary research to supply its own insights into industry trends and consumer sentiment. By filtering the work of the best Chinese analysts and academics, it keeps you current on key debates as they unfold inside mainland China. Its broad aim is to help the professional investor navigate through the Chinese investment landscape.

COOKIE POLICY

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time. Find out more about our cookie policy.