‘Many loans in China are not efficient,’ Pan Gongsheng tells major financial forum
Regional banks have been piling into long-dated sovereign bonds since January
Strategists warn of sharp falls against dollar longer term if Donald Trump wins presidency in November and carries out tariffs threat
Five-year loan prime rate reduction unlikely to offer imminent relief to flagging home sales, analysts say
People’s Bank of China promises ‘good monetary and financial environment for the economy’ amid stock market rout
After decades of championing financial reforms, the People’s Bank of China has lost powers to a Communist party body and a revamped regulator
Communist party commission will overshadow state institutions such as central bank
Spread between Shanghai spot price and London hit record $121 per troy ounce last week
State-backed lenders have disbursed less than 1% of $27bn scheme after failing to find creditworthy developers
Currency rebounds from 16-year low as Beijing releases positive lending data earlier than usual
Cheaper mortgages offered in biggest cities while central bank eases foreign exchange reserve requirements
Beijing seeks to balance boosting a stuttering economy with preserving financial sector stability
Wall Street banks downgrade growth forecasts below official 5% target as policy response falls short
Policymakers expected to target mortgage-linked loan prime rate to support sentiment
Currency weakens as concerns mount over health of world’s second-largest economy
How long until it bans property data releases as well?
Currency increases 1.5% against dollar in July after months of falls
Pan Gongsheng must calculate scale of stimulus to spur recovery while navigating regulatory reshuffle
Cambridge and StanChart alum will take over a weakened PBoC
Economic growth has lagged this year on trade weakness and property sector woes
Market Questions is the FT’s guide to the week ahead
Central bank cuts main policy rate as retail sales and industrial production show post-Covid rebound is fading
Central bank agrees to share cost with local government in precedent for resolving future financial crises
Beijing appears to soften stance in fraught negotiations over wave of defaults by developing countries
Access to ‘Connect’ hedging mechanism comes after $126bn debt sell-off
