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Philippine banks to maintain their growth trajectory – S&P

August 23, 2017

MANILA - Banks in the Philippines are set to continue to grow rapidly over the next two years, thanks to strong solid economic growth, corporate profitability, low interest rates, and a drop in nonperforming loans, according to S&P Global Ratings. The report estimates that the banking sector in Philippines will grow at
15%-17% in 2017 and 2018, after 16.5% expansion in 2016.

China urges U.S. to correct North Korean secondary sanctions “mistake”

August 23, 2017

BEIJING - China has opposed secondary sanctions related to North Korea announced by the US Treasury Department on Tuesday and called on the US Government to correct the "mistake". The US Treasury announced on Tuesday new sanctions on 16 entities and individuals, mostly from China and Russia, for alleged business ties with the missile and nuclear weapons programme in North Korea.

China promotes financing guarantees for small firms, rural sector

August 22, 2017

BEIJING - China will boost financing guarantee services for small and micro businesses and the rural sector under rules released by State Council decree. Local governments should increase fiscal support for such companies while information technology such as big data should be adopted to better meet the demands of small firms and rural development, the rules state.

China to promote foreign investment growth, release new negative list

August 17, 2017

BEIJING - The State Council, China's Cabinet, has made public a series of measures to ensuring the steady growth of foreign investment, the State newsagency Xinhua reported today. China should make its foreign investment environment "more law-based, internationalized and convenient" to promote growth and raise the quality of foreign investment, according to a State Council document.

China growth starting to feel pain of regulatory tightening – BBVA

August 14, 2017

HONG KONG - After registering a stronger-than-expected performance in the first half of the year, China’s economy started to show more signs of moderation in July. “In particular, the authorities’ prudent monetary stance and stepped-up regulatory efforts to tackle a number of financial vulnerabilities, including the risky shadow banking activities, overheating property market and debt overhang, seemingly have transmitted to the real economy, says BBVA Bank.

Is the current level of RMB appreciation sustainable?

August 11, 2017

HONG KONG – BBVA says the RMB’s strong performance in recent months has surprised the market, but is caused by a confluence of factors - a steep deprecation of US dollar against other major currencies; stronger-than-expected growth momentum in China; and effective implementation of a series of measures aiming to “promote capital inflows and limit outflows”.