Chinese Tidbit

From the WSJ moneybeat blog:
China’s fundamental banking concern extended back upward on Fri to a grouping of unnamed but large banks...  the People’s Bank of Communist People's Republic of China extended a longer-term but temporary liquidity facility... Details on the facility were typically vague. In recent weeks it has also injected tape amounts of cash. 
The deed gives banks roughly breathing room for now, simply equally interbank liquidity stresses escalate. The novel facility, analysts from ANZ say, doesn’t involve banks to ship service collateral similar other facilities typically do. And it makes it easier for them to accomplish a key regulatory barometer that monitors banks’ liquidity gamble inward cases of stress inward the curt term. H5N1 helping mitt tin lighten roughly other burden–but non for long.
"Interbank liquidity stresses" in addition to fundamental banking concern long term "loans" without collateral are non a skillful sign. An escalating nation of war on uppercase flying is non a skillful sign either.

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