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Chinese Bank On Verge Of Collapse After Sudden Bank Run

October 31, 2019

Chinese Bank On Verge Of Collapse After Sudden Bank Run First it was Baoshang Bank , then it was Bank of Jinzhou, then, two months ago, China’s Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a fourth prominent Chinese bank was on the verge of collapse under the weight […]

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Chinese Bank With $100 Billion In Assets Is Bailed Out

July 28, 2019

Chinese Bank With $100 Billion In Assets Is Bailed Out Step aside Baoshang Bank, it’s time for Chinese bank bailout #2. Last Thursday, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank’s late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that […]

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Chinese Bank With $100 Billion In Assets Is About To Collapse

July 25, 2019

Chinese Bank With $100 Billion In Assets Is About To Collapse While the western world (and much of the eastern) has been preoccupied with predicting the consequences of Trump’s accelerating global trade/tech war and whether the Fed will launch QE before or after it sends rates back to zero, Beijing has quietly had its hands […]

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Something Just Broke In China As Repo Rate Soars To 1,000% Overnight

July 19, 2019

Something Just Broke In China As Repo Rate Soars To 1,000% Overnight Ever since the unexpected failure of China’s Baoshang Bank in late May, which caused a freeze in the interbank market among smaller, less credible (and government bankstopped) banks, and which sent rates on Negotiable Certificates of Deposit (NCDs), various bank bonds and assorted report rates sharply […]

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Meanwhile In China, Echoes Of Lehman As Interbank Market Freezes

June 19, 2019

Meanwhile In China, Echoes Of Lehman As Interbank Market Freezes One month ago we wrote that in the aftermath of the shocking government May 24 seizure of Baoshang Bank – not shocking because the bank failed as most Chinese banks are insolvent if left to their own devices due to the real, and far higher levels of […]

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China’s Central Bank: “Everyone, Please Don’t Worry”

June 5, 2019

China’s Central Bank: “Everyone, Please Don’t Worry” Many unhappy returns. Thirty years ago, British ambassador Sir Alan Donald cabled home his classified report on the bloody goings-on in Tiananmen Square: “Students linked arms but were mown down. Armored personnel carriers then ran over the bodies time and time again to make, ‘pie’, and remains collected […]

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“A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure

May 27, 2019

“A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure Late last Friday, we reported that several hours after the market close, China’s financial regulator and central bank made a shocking announcement: for the first time in nearly 30 year, China would take control of a bank, in this case the troubled inner […]

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