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Chinese Banks Begin To Raise Mortgage Rates

Chinese Banks Begin To Raise Mortgage Rates Raising rates on reverse repos, hiking the cost it charges on its Medium-Term Loan Facility and Standing Lending Facility, five consecutive day without a reverse repo liquidity injection (or rather a CNY715 billion liquidity drain), and now in the latest indication of overall tightening of monetary conditions, China has started […]

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What Secret Do Global Banks Know about Chinese Banks?

What Secret Do Global Banks Know about Chinese Banks? They’re dumping their stakes. “Now is the right time for us to sell this investment,” announced Deutsche Bank’s newish co-CEO John Cryan on Monday after the long Christmas weekend when no one was supposed to pay attention. It was how Cryan justified the deal to sell Deutsche’s entire […]

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China’s “Credit Mystery” Deepens, As Moody’s Warns On Shadow Financing

China’s “Credit Mystery” Deepens, As Moody’s Warns On Shadow Financing Last month, we took a detailed look at what we said could be a multi-trillion yuan black swan. In short, one of China’s many spinning plates is the country’s vast shadow banking complex which allowed local governments to skirt borrowing restrictions leading directly to the accumulation of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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