Tag "SHIBOR"
Asia Pacific
Finance
Can the Renminbi become an international currency?
Guest blogger Frederik Vitting Hermann looks at the more widespread use of China’s currency around the globe. Conditions in the domestic market and the Chinese incremental reform style of monetary
Asia Pacific
Finance
China to Audit Local Governments and Reduce Financial Risk
On July 28th, China’s National Audit Office (NAO) announced that it will conduct a nationwide audit of government debt as Beijing tries to ascertain the financial risks to China’s continued
Asia Pacific
Finance
China’s Tug of War Between Central and Commercial Banks
Chinese banks experienced an unexpected credit crunch in the past weeks. On June 20, the Shanghai Interbank Offered Rate (SHIBOR) and overnight repo rate reached, at certain points, 25% and 30%
